MBA Venture Fund has grown from $600,000 since its beginnings in 2002.

Southern Methodist University’s student-run MBA Venture Fund has grown to $3m. The fund was launched in 2002 by two investors who provided $600,000 to give Southern Methodist’s MBA students an opportunity to learn about investments hands-on.

The fund has supported a variety of startups in the past decade, from a gaming technology company to a booking services company. The fund has a particular focus on biotech and health care however, and among others participated in AxioMed Spine’s $3.6m series D…