Purdue's Emerging Innovations Fund invests $250,000 in two life sciences companies
March 13, 2013
Two life sciences companies that are commercializing Purdue University innovations can receive up to $250,000 in investments from the Emerging Innovations Fund, an evergreen fund created to accelerate the commercialization of early-stage discoveries.
Medtric Biotech LLC received $100,000 and Microfluidic Innovations LLC received $75,000 with a potential to receive an additional $75,000 if certain performance milestones are met. The Emerging Innovations Fund is the source of investment funds that are recommended by graduate and undergraduate Purdue students in the Student Managed Venture Fund, an experiential learning course that involves a partnership between the Burton D. Morgan Center for Entrepreneurship and the Purdue Research Foundation.Read Full Story