University of California Investing $250 M in Startups

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The University of California says it will be investing $250 million in startups “emerging from the University of California system.” The investment will be part of a fund focused on students, professors and alumni of the 10 UC schools, with a particular emphasis on startups in the life sciences, technology, energy, agriculture and materials sectors.

The investing team will be led by Vivek Ranadive, an entrepreneur and owner of the Sacramento Kings.

“I look forward to supporting fellow entrepreneurs and growing innovative, value-driven enterprises with a mission to advance our society and make the world a better place,” said Ranadive, in a statement.

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