The fund was teased by chancellor Nicholas S. Zeppos during a recent speech.
Vanderbilt University, a private American research university based in Nashville, Tennessee and founded by railroad tycoon Cornelius Vanderbilt with a $1m donation in 1873, is to launch a $50m university venture capital fund.
The announcement was made during the spring assembly speech by chancellor Zeppos, who gave no details on the exact date and instead referred to the institution’s current search for a new provost. It will be the latter’s honour and task to officially announce the fund.
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