Innovation America Innovation America Accelerating the growth of the GLOBAL entrepreneurial innovation economy
Founded by Rich Bendis

Harvard University celebrates Commencement 2013. Graduates await their degrees from Eliot House. Stephanie Mitchell/Harvard Staff Photographer Harvard University

Entrepreneurs on college campuses got another boost Thursday with Boston-area Xfund closing a $100 million fund to bankroll new ideas and support startups it has backed so far.

The move comes just two months after the University of California Board of Regents approved the $250 million UC Ventures fund to target work done at campuses, medical centers and national laboratories. Well before that, Stanford University established its StartX accelerator and First Round Capital launched its Dorm Room Fund.

Image: Harvard University celebrates Commencement 2013. Graduates await their degrees from Eliot House. Stephanie Mitchell/Harvard Staff Photographer Harvard University