New York University Plans $20 Million Fund to Commercialize Money-Making Research Discoveries

New York University created a venture-capital pool to encourage discoveries by faculty and students that can turn into profit-making undertakings.

Outlays by the fund will range from $100,000 to $1 million each, beginning next year, and will go to start-up companies commercializing NYU research, the university said today in a statement. The fund expects to start producing income for the university in five to seven years, said Frank Rimalovski, the fund’s managing director.

By Janet Lorin

Full Story: http://www.businessweek.com/news/2010-06-28/nyu-plans-20-million-fund-to-spur-money-making-discoveries.html

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University Venture Fund at the University of Utah gets final closing on $18 million http://matr.net/print-19568.html

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