Bringing Discoveries to Commercialization
IU Philanthropic Venture Fund invests in ICBI companies


IU Philanthropic Venture Fund invests in ICBI companies

Friday, February 1, 2019

The Indiana Philanthropic Venture Fund (IU PhV) is on the doorstep of its one-year anniversary and, although not limited to the life sciences, it has funneled $1.6 million into the sector’s early-stage Indiana-based companies. Its visionaries designed the evergreen fund to be a “perpetual resource” and an answer for Indiana University alums who want to support the university and its entrepreneurs.

Launched in March 2018, the $15 million IU PhV has invested in five life sciences startups, two of which were founded by or are led by women. In addition to the $15 million IU committed to the fund, IU PhV aims to raise another $35 million from alumni and supporters of the university. For more information about ICBI companies funded by IU PhV, see link: http:///story/39883779/iu-philanthropic-venture-fund-wraps-first-year-of-perpetual-model