Saturday, June 25, 2016

The University System of Maryland is creating a $25M fund to help startups

It's a big expansion of the public university's capital commitments to startups.

A lack of capital is frequently cited as a barrier to creating more startups in the state. Now the University System of Maryland is looking to respond directly to that challenge by expanding its investment fund for companies with university ties.

The USM Early Stage Investment Fund is aiming to raise a $25 million. Of that, $10 million would come directly from USM over four years, while the other $15 million would come from outside sources.

Read more Technical.y Baltimore

The post The University System of Maryland is creating a $25M fund to help startups appeared first on Baltimore Tech.



from http://baltimoretech.org/news/the-university-system-of-maryland-is-creating-a-25m-fund-to-help-startups/

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