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Ohio State and Ohio universities joining forces to create $35M VC funding pool to turn research into jobs

April 6, 2012 /

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Ohio State University and Ohio University announced today that they are joining forces to create a venture-capital fund to move more of their campus research discoveries into the marketplace.

Ohio State will put up $20 million; and Ohio University, $15 million, that will be for the early deveopment products such as drugs and technologys.

Venture-capital funds invest in new ideas in the hopes of gaining big returns. Ohio State and other officials had been vetting the idea for the past two years as a way to jump-start the state’s efforts to bring faculty inventors and business people together to turn ideas into money and jobs.

By Encarnacion Pyle

Full Story: http://www.dispatch.com/content/stories/local/2012/04/05/OSU_OU_venture_capital_announcement.html

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OSU & OU create $35M VC funding pool

Dayton Business Journal: Ohio State University and Ohio University are pooling their money to create a $35 million venture capital fund for early-stage technology companies.

Doug Buchanan

Full Story: http://www.wdtn.com/dpp/news/ohio/osu–ou-create-35m-vc-funding-pool