(BLOOMINGTON, IN) - Indiana University has unveiled a new $10 million dollar venture capital fund aimed at investing in the development of innovations and technologies created at the university.
IU President Michael McRobbie said the goal of the new Innovate Indiana Fund would be to assist in the translation of new concepts and technologies created at IU into the marketplace as commercial products, services and treatments developed by emerging technology-based companies.
The fund will provide $5 million over the next five years in early stage seed funds and another $5 million over that same time for late stage seed investment.
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