Purdue University-backed Elevate Purdue Foundry Fund has picked seven university-linked businesses to share a total of $200,000 in funding.

Elevate Purdue Foundry Fund, an investment vehicle run by US-based Purdue University’s Purdue Foundry accelerator and venture capital firm Elevate Ventures, invested a total of $200,000 in seven university-linked businesses on Tuesday. Purdue Foundry Fund was set up in 2014 and has so far provided $2.7m for 72 Purdue-affiliated startups. It invests across two tiers:…

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