Tri-Cities Tech Business Update
UW launches venture fund to spur startups
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Seattle Times - The Seattle area's newest venture capital fund has a distinct purple-and-gold tinge. The W Fund, which aims to channel seed money to startups founded on research from the University of Washington and other state universities and institutions, officially launches after months of behind-the-scenes fundraising. Backers see it as a way to help create new businesses and new jobs. The fund has raised an initial $10.6 million from 44 investors, according to regulatory filings. Read more...
