- Founded: 2015
- CEO: Managing Director, Robert J. Creeden
- Funding Source: Other, Venture Captital/Private Equity
- Development Stage: Not Applicable
With Innovation as one of the five pillars and a central theme throughout the plan, the University created the $10 million UVA Seed Fund in 2015, with funding from the UVA Health System and unrestricted private funds to launch and support new ventures emerging from the University portfolio and to fill the “capital gap” for technologies considered too early or too small for investment by traditional sources.
The Fund will operate as part of the UVA Licensing and Ventures Group whose mission is to maximize the impact of UVA’s innovation assets via commercialization, while providing high levels of service to faculty and students in terms of business development, new venture creation and now seed funding.The fund will re-invest its gains to provide capital for additional investments. Investment decisions will be made with the oversight of the Investment Management Committee, which also led the search for the managing director.