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UC's Venture Capital Business

In September of last year, the University of California Board of Regents approved the creation of an independent venture fund that would launch with $250 million, and primarily invest in startups that emerge from UC research. The university talks a big game about building an entrepreneurial culture in the UC system, the biggest reason is to retain a slice of the cash that companies started on campus generate. http://recode.net/2015/12/24/heres-why-the-university-of-california-is-getting-into-the-venture-capital-business/ #tech

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