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Forward-looking startups will have a chance at $50 million later this year when Singularity University, an education center and accelerator based at Mountain View’s NASA Ames Research Center, launches its first venture fund.

The university will begin raising capital during the second quarter of 2014, according to managing director of new venture development Sandy Miller. The fund will focus on companies launched by SU students, alumni and faculty.

Image: Signe Brewster