Oregon State University launches fund with Rogue Venture Partners that is expected to raise between $10m and $20m and will invest in companies within the state.
Oregon State University is to launch a startup fund with investment firm Rogue Venture Partners that will target a close between $10m and $20m, according to OregonLive.
The fund will not have a specific remit to invest OSU’s spinouts, though Rogue Venture Partners will work with the university to seek out investment opportunities.
OSU will provide a fifth of the fund’s capital, while Rogue Venture Partners has committed $4m. Rogue will also have an office at the university to offer advice to faculty and students on business prospects two days per week.
Brian Wall, assistant vice-president for research, commercialisation and industry at Oregon State University, said that the university’s commitment to the fund comes from its foundation, alumni and other investors.
