Indiana University starts new venture fund with $15 million, goal is $50 million
The folks at Indiana University are thinking really big when it comes to getting inventions commercialized. The university just announced the new IU Philanthropic Venture Fund that is initially capitalized at $15 million but has the potential to reach $50 million or more. What’s the main source of funds? It’s designated, tax-deductible gifts to the university. Read more here.