The University System of Maryland plans to establish a $25 million fund to invest in startup companies created by students, faculty and recent graduates.
The system, which includes 12 of the state's public institutions, would invest $10 million in the Early Stage Investment Fund over four years. Another $15 million would come from the state, the system's foundation and other sources.
A Board of Regents committee approved the fund on Thursday. The full Board of Regents is expected to approve it on Friday.
Image: The University of Maryland, College Park, is part of the University System of Maryland, whch is establishing a $25 million fund to invest in start-up companies created by faculty, students, and recent graduates. (ANDREA F. CHUNG)
