The University of California system said it has created UC Ventures, an independent $250 million fund for investments in UC research-fueled enterprises, including several within healthcare.
With its 10 campuses, five medical centers and three affiliated national laboratories, as well as more than 20 incubators and accelerators, the university system said in a news release it is poised to capitalize on innovation “that is already the target of venture capitalists from around the world.” No tuition or state funding will be used.
