University of California plans fund for student and faculty startups
SEP 16, 2014
DOI: 10.1063/PT.5.028260
Wall Street Journal : On Monday, the University of California posted a plan that will be presented to the system’s Board of Regents on Wednesday. The plan calls for the establishment of an independent $250 million venture capital fund to support startups based on student and faculty research. Although other universities have similar funds, the University of California’s will be one of the largest and is backed by the system’s $9 billion endowment. Concerns have already been raised, however, that the fund might unfairly favor certain areas of research or those that appear the most likely to be profitable.
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