The University of California announced that a $22 million investment from the State of California to accelerate innovation and entrepreneurship across the UC system has supported more than 500 new startups and existing companies, helped launch at least 47 new products and enabled companies to attract $3.7 million in additional investments.
“Assembly Bill 2664 funds have been and will be used as a catalyst to bring together resources on campuses and within local communities to develop entrepreneurial skills and to help commercialize new products and technologies,” said Christine Gulbranson, UC’s senior vice president for innovation and entrepreneurship.
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