The owner of the US basketball team the Sacramento Kings, RanadivéVivek Ranadivé, will lead a new venture fund for the University of California (UC), anchored with $250m from the UC Investments Office and expected to grow with additional funds from donors, including Vivek Ranadivé. The Los Angeles Times reports the fund will have a presence throughout the entire state of California and Vivek Ranadivé plans to invest in projects across a range of areas, including technology, energy, life sciences, agriculture, and materials. UC President Janet Napolitano expects the access to capital for start-ups led by students, professors and alumni will help move the results of more high-quality research into the marketplace.
The owner of the US basketball team the Sacramento Kings, Vivek Ranadivé, will lead a new venture fund for the University of California (UC), anchored with $250m from the UC Investments Office and expected to grow with additional funds from donors, including Ranadivé. The Los Angeles Times reports the fund will have a presence throughout the entire state of California and Ranadivé plans to invest in projects across a range of areas, including technology, energy, life sciences, agriculture, and materials. UC President Janet Napolitano expects the access to capital for start-ups led by students, professors and alumni will help move the results of more high-quality research into the marketplace.