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
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