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Business Briefing / Investing

UC affiliate starts venture fund

October 28, 2009|Times Staff and Wire Reports

The California Institute of Quantitative Biosciences, an affiliate of three University of California schools, has created a fund to invest in bioscience companies started by researchers at the schools.

Mission Bay Capital has raised $7.5 million to provide 15 new companies run by university scientists with an average of $500,000, according to an announcement by UC San Francisco, where the fund is based.

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