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University System of Maryland hopes $25M venture fund will help create more commercial businesses
June 24, 2016
The University Sysem of Maryland is hoping a new $25 million venture capital fund it established will help spin off more commercial businesses — with the system reaping the benefits in the long run.
The USM's Board of Regents recently approved a plan to invest $10 million over the next four years to invest in startup companies developed by professors, students and recent grads from all 12 of the USM's institutions. The additional $15 million will come from outside investors, the state and other venture capital groups.