Foundry Investment Fund

Fund provides match for investments in Purdue startups

 

The Foundry Investment Fund was established in 2014 through a partnership between Purdue Research Foundation and Cook Medical.

The $12 million Foundry Investment Fund, a not-for-profit fund, seeks to join with other investors to fund companies that are based on Purdue technology or expertise in the areas of human and animal health and plant sciences.

The Fund provides a match to outside investors’ funds, adding critical capital for the transition from the discovery of a promising technology to founding a viable life sciences company. Returns on the investments will remain in the fund for future investments.

The Foundry Investment Fund will:

  • Stimulate outside parties to invest in Purdue-based life sciences businesses.
  • Provide critical capital funds to entrepreneurial ventures that originate from Purdue innovation or expertise.
  • Be self-sustaining through returns from prudent investments.

Those who could be matching investors are non-Purdue entities such as venture capital firms, corporations, angel groups or qualified individuals.

For more information about the Foundry Investment Fund, contact John Hanak, entrepreneur-in-residence at the Purdue Foundry, jmhanak@prf.org, 317-616-1860.

For information on other Purdue entrepreneurial programs, visit Purdue Innovation and Entrepreneurship.