Venture capital is difficult for startup companies to come by these days. Colorado's state universities are trying to make it a bit easier.
Colorado State University launched a $3 million venture-capital fund in July aimed at helping entrepreneurs whose technology was developed at or in partnership with the school.
The University of Colorado is considering starting a similar fund that would contribute profits to charity. The university's entrepreneurial centers in Boulder and Denver recently revived dormant funds and put them under the supervision of graduate-level business students.
The funds are concentrating on relatively modest investments, ranging from $25,000 to $250,000, too small for most professional venture-capital funds. VC firms typically won't invest in early-stage companies with promising ideas but no revenue or customers, said Mark Wdowik, who heads CSU's venture fund.
To read the full, original article click on this link: University-fueled venture-capital funds aid school-related startups - The Denver Post
Author: Greg Griffin The Denver Post
