Cal Launches $250 Million Venture Fund
The University of California announced a $250 million venture fund to invest in startups "emerging from the University of California system." The fund will be focused on students, professors and alumni of the 10 UC schools, with a particular emphasis on startups in the life sciences, technology, energy, agriculture and materials sectors. The investment arm will be led by Vivek Ranadive, an entrepreneur and owner of the Sacramento Kings.
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