Business Start-Ups Get a Leg Up from University of Chicago and Tulane University

The University of Chicago and Tulane University have both recently announced they are establishing new funding mechanisms to provide investment capital that will support business start-ups.

The University of Chicago is setting aside $25 million from its endowment to invest in business startups led by faculty, students, staff and alumni. The $25 million is intended for companies that are raising Series A funding.

At Tulane University, the focus of the new start-up fund is not restricted to university faculty or staff. Instead, its Innovation Institute, founded last year, will dedicate a $10 million startup fund for New Orleans-area women and minority entrepreneurs, two groups that have historically had to overcome obstacles to their ability to attract the new capital necessary to start businesses.

Read:  Tulane, University of Chicago Allocate Millions to Support New Start-Ups