Purdue Research Foundation and Cook Medical partner on $12m evergreen fund for life science firms at Purdue University.

Purdue University life sciences firms are set to benefit from plans to establish a $12m university venture capital evergreen fund from the Purdue Research Foundation and medtech firm Cook Medical.

The Foundry Investment Fund will seek to support companies based on Purdue intellectual property in the sectors of human, animal, and plant sciences. All proceeds from the fund, which will seek to join other investors in participation, will be funnelled back in for future investments.

Mitch Daniels, president of Purdue…

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