Inc.com
Universities: Your New Best Friend

By Emily Barker

Historically, university-run venture-capital funds have backed only teachers or alumni. No longer. Pennsylvania State University's student-managed Garber Fund invests in businesses outside the university. The University of Michigan's Wolverine Venture Fund ( www.zli.bus.umich.edu/wvf/ ) prefers companies with a blue-and-gold connection; simply employing an alum is enough. Penn State's Farrell Center for Entrepreneurship ( www.smeal.psu.edu/fcfe ) is run by a VC who trolls for deals at his day job.

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REPORTERS & EDITORS: For more information, please contact Wyatt DuBois in the Smeal College of Business Media Relations Office at 814-863-3798 or wed112@psu.edu .

Penn State's Smeal College of Business offers highly ranked undergraduate, MBA, executive MBA, Ph.D., and executive education opportunities to more than 5,500 students at all levels. Featuring academic departments of accounting, finance, marketing, insurance and real estate, management, and supply chain and information systems, the college is also home to major research centers such as the Center for Supply Chain Research, the Institute for the Study of Business Markets, the eBusiness Research Center, the Farrell Center for Corporate Innovation and Entrepreneurship, the Center for Global Business Studies, and the Center for the Management of Technological and Organizational Change.

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