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August 05, 2020 | Tom Ballard

UGA Foundation commits up to $10 million to accelerate innovation

The University of Georgia (UGA) Foundation has approved a financial commitment of up to $10 million for innovation in a partnership with the Office of Research’s Innovation Gateway to bring new technology developed at UGA to the marketplace.

By connecting investors with start-up companies based on UGA innovations and facilitating financial partnerships, the Foundation hopes to drive interest in UGA innovation and build on its success bringing new products to market.

“I want to thank the University of Georgia Foundation Trustees for making this significant commitment to supporting innovation and entrepreneurship at UGA,” said President Jere W. Morehead. “I am grateful for their leadership and vision to help our bright faculty and students turn their ideas and inventions into successful ventures that benefit our state, nation, and world.”

The financial commitment by the UGA Foundation is the latest sign of momentum for innovation at UGA, which has become a hotbed for both faculty and student entrepreneurship. In 2018, UGA launched its Innovation District initiative to accelerate research commercialization, expand university-industry collaboration, and elevate public and private investment in faculty and student entrepreneurship.

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