It’d be hard to pick a year over the past couple of decades that innovation in California couldn’t be described as exciting, but there has been some particularly big standout moment over the past 12 months that are undoubtedly getting pulses racing in the state.

The main headline comes by the way of the University of California. Following the overturning of a 25-year self-imposed ban of investing in its own spin-outs, the 10-campus strong university system launched UC Ventures, a $250m fund looking to support both spin-outs and startups alike from the early-stage onwards.

Likely to be mostly spread across the institution’s top three of Los Angeles, Berkeley, and San Diego, the university venture fund may act as a starting gun for other universities looking at creating their own funds. However, UC Ventures isn’t the only large university venture fund to be raised in California this year. Back in…

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