As Philadelphia-based Drexel University prepares to open its school of entrepreneurship this fall, it has launched a venture arm to identify and cultivate entrepreneurs in its community. Drexel Ventures will manage an innovation fund to provide pre-seed investment in companies at the proof-of-concept stage. It is also rolling out an incubator to support startups and move them closer to market.
The fund’s mandate includes identifying and supporting business development opportunities, expediting intellectual property licensing, supporting business incubator and accelerator programs, and connecting Drexel’s community of innovators to other entrepreneurs and funding sources in the national innovation ecosystem, according to a statement from the university.
To read the full, original article click on this link: Philly university launches venture arm to give its entrepreneur ecosystem a front door | MedCity News
