Plans for $20M U of M venture fund take shape



By Katharine Grayson, Minneapolis St.-Paul Business Journal

“The University of Minnesota is on track to raise a $20 million venture capital fund this year that will make seed-stage investments in startups born from academic research.

The school initially planned a pair of funds, including a $50 million fund that would back startups across the country. University officials have since scrapped plans for the national fund, preferring to focus on businesses commercializing University of Minnesota inventions, Vice President for Research Brian Herman told me in a recent interview.”

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