IU Ventures launched the Indiana Philanthropic Venture Fund in March of 2018 to help achieve one of Indiana University’s Bicentennial Priorities: Building a Prosperous and Innovative Indiana.
The fund was established as a followup to the success of the Innovate Indiana Fund, which deployed $10 million into fifteen IU startup companies since its establishment in 2010.
The Philanthropic Venture Fund has $15 million to invest in companies based on IU technology, or companies with IU alumni as founders or members of the C-suite, with the goal of raising another $35 million from alumni and supporters of the university.