Osage Partners recently raised $100 million for a new fund, Osage University Partners. Through this fund, the family of venture capital and private equity funds has partnered with eight universities, including the University of Pennsylvania, to co-invest in start-ups created from technology licensed from these universities. This is only one of many examples in the Philadelphia region of how investors, universities, research institutions, and other stakeholders are taking new approaches and a sharper focus to the 30-plus year tradition of formally transferring technologies out of universities.
Generally when universities license their technology to start-ups, they receive a right to participate in future financing rounds. However, universities hardly ever take advantage of this so-called "preemptive right." Through the partnership with Osage, universities can exercise this right to participate as co-investors in future funding rounds, sharing in the profit of the fund.
To read the full, original article click on this link: Noticeable Shift Occurring in Technology Commercialization in Greater Philadelphia
