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USC: We’ve Helped 15 Promising Startups Raise Over $115 Million In Capital

Posted by Internet Guru
November 3, 2009

The University of South California (USC) will be sharing some numbers about its startup funding activities at First Look L.A. tomorrow, an invitation-only event it’s organizing in partnership with UCLA and CalTech. These numbers are nothing to sneeze at: in less than two years, USC has managed to raise an impressive $115 million in funding for 15 startups.

For your background: the University of South California, to be more precise its Stevens Institute for Innovation, helps USC spin-offs manage intellectual property, regularly incubates and showcases new high-tech ventures and connects promising young teams to appropriate investors for follow-up financing and commercialization.

Los Angeles-based USC tells us 15 startups have raised

a healthy $115 million in funding in total since the beginning of the 2008 calendar year, tapping ‘creative’ financing sources beyond venture capital such as private and overseas investors as well as government grants. Based on those funding numbers, USC asserts the spin-offs are averaging close to $7 million in funding each, not including those that haven’t yet secured a significant investment and also excluding funding numbers for startups that couldn’t be verified through multiple sources.

usc

source: techcrunch

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