UC Commits $250M For A New Tech Venture Fund For Biotech, More

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UC Commits $250M For A New Tech Venture Fund For Biotech, More

From FierceBiotech:

“The University of California is committing $250 million to back a venture fund that will be led by Silicon Valley entrepreneur Vivek Ranadivé, who will take the lead on investing in a slate of university spinouts involved in biotech and more.

UC’s Board of Regents says that they decided to go with a well known innovator with a track record on startups that includes Teknekron and TIBCO, a communications platform. Ranadivé will lead the fund, and now plans to recruit a staff to manage the cash.”

Full article

December 17th, 2015|
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