Fund aids schools to turn studies into venture
| October 11, 2007 |  View for printing |
Technology - The new development fund seeks $14 million to help universities commercialize their research
As managing director of the Beaverton investment firm Norwest Technology Ventures, Gordon Hoffman expects a return on his money. Profits generated by his latest outlay, though, go not to him but to Oregon's universities.
Hoffman and business partner Bill Newman were among the first donors to a charitable fund launched Thursday designed to help public universities commercialize their research.
The new University Venture Development Fund will seek $14 million in private contributions to study whether technologies developed at those schools have commercial potential. Companies that emerge using the schools' technologies will be eligible for grants to help get started.
MIKE ROGOWAY The Oregonian Staff
Full Story: http://www.oregonlive.com/business/o ... .xml&coll=7 
No reader comments so far. Be the first to comment by clicking the button below.
Reprinted under the Fair Use doctrine of international copyright law. Full copyright retained by the original publication. In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.
