UNDERGRADUATE ADMISSIONS at WASHINGTON UNIVERSITY in ST. LOUIS

University announces new fund for startups

Washington University in St. Louis officials have launched a new venture-capital seed fund aimed at helping to propel early-stage business ventures by students, faculty and recent alumni.

The new William Greenleaf Eliot Seed Fund, named for Washington University co-founder William Greenleaf Eliot, is managed by the university’s Skandalaris Center for Interdisciplinary Innovation and Entrepreneurship. A group of approximately one dozen individual angel investors made a capital commitment to the fund and will serve on an advisory committee to review funding proposals. The investors also may get an opportunity to serve as strategic mentors to the startups chosen to receive support from the fund.

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