The students have faced a three-year journey to raise money for the planned $1m venture fund.

The US university has created a new office to coordinate its efforts to expand the startup ecosystem in its base of New Jersey and the broader region.

Ian McClure is expanding his role from associate vice president for research, innovation and economic impact at the University of Kentucky to include vice president of innovation for UK Healthcare, the institution's health system.

Per Stromhaug is the new senior associate vice-president for economic development at the University at Buffalo, joining from Binghamton University.

Pack Ventures, an independent venture capital fund that invests in University of Washington spinouts, is raising more money to invest in the Seattle region.

Permanent residence cards for graduates of science and technology degrees and talent exchange programmes are some of the solutions touted for startups seeking to hire high-skilled people.

Cheryl Horst has been appointed interim executive director at the University of Nebraska-Lincoln’s tech transfer office as Brad Roth prepares to retire.

RBV’s inaugural fund will invest in startups emerging out of Cornell in a sign that university ecosystems are increasingly of interest to investors.

US universities take low equity stakes in the companies they help commercialise. But non-dilutive shares and royalties mean academic institutions ensure they receive payouts.

The fund will write cheques for early-stage spinouts from the state's 15 public universities.