SAN FRANCISCO (AP) — The University of California has named a well-known Silicon Valley entrepreneur to lead a new venture capital fund aimed at bringing inventions based on faculty and student research to market.
UC President Janet Napolitano announced Tuesday that TIBCO Software founder Vivek Ranadivé would oversee the independent fund that will be launched with $250 million from the office that manages the university’s investments.
Image: A locked gate to Birmingham Community Charter High School in Van Nuys carries a sign Tuesday declaring the school is closed. All schools in the vast Los Angeles Unified School District were shut down due to an electronic threat. AP photo
