An anonymous donor has made a $1 million gift to the Wildcat Philanthropic Seed Fund – an early-stage fund designed to help fund University of Arizona startups launched to commercialize ideas and innovations stemming from the work of university faculty, staff and students.
The Wildcat Philanthropic Seed Fund is designed to establish an evergreen funding source to help young companies get through the “valley of death,” the period of time soon after a new venture begins when the risk of failure is high due to lack of early-stage financial support. Contributions to the Wildcat Philanthropic Seed Fund are tax deductible, and proceeds from positive events such as acquisitions will be reinvested to grow the fund for future investments.
The fund also will provide hands-on investing experience for students.
The fund was spearheaded by – and will be administered by – Tech Launch Arizona, the office of the university that works with faculty, staff and students to commercialize inventions stemming from their research and innovation……
Read full story here: $1M gift to Wildcat Philanthropic Seed Fund to provide fuel for UArizona ventures | University of Arizona News
