BLOOMINGTON, Ind. -- A newly created evergreen fund managed by the Indiana University Research and Technology Corp. will provide capital to faculty, students and staff at all IU campuses to help them further develop their research and innovations into startup companies.
The IU Philanthropic Venture Fund was originally envisioned in the Bicentennial Strategic Plan as part of the university's continuing efforts to contribute to the economic vitality of the state of Indiana. It is initially capitalized at $15 million but has the potential to reach $50 million or more, and it will be funded in large part with designated, tax-deductible gifts to the university.
