University Ventures Fund Launches with $100M Investment

University Ventures Fund: It's been a week (and yeah, we've beat ourselves up over missing this one) but the sheer magnitude of this venture merits a mention: German media conglomerate Bertelsmann AG and the University of Texas Investment Management Company led the way in a $100 million investment partnership, University Ventures Fund, to bring private capital to help colleges and universities. The fund is focused on "stimulating 'innovation from within the academy,' rather than competing with it from the outside," according to partner David Figuli (tip to Inside Higher Ed), and is looking to invest in "about six projects," according to TechCrunch. Watch for more details soon.

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