Bio Briefs

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Matt Nelson

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Aug 07, 2009
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ASU plans to raise $5M for new technology

Tags: arizona state university, biodesign institute, trac

[Source: Ken Alltucker, The Arizona Republic] - Risk is a four-letter word for companies scouting new technology to acquire and develop.

So Arizona State University aims to take away some uncertainty for investors looking to buy into university technology.

The university plans to raise $5 million to invest in its own technology. The idea is that the money will help the university develop its own promising ideas for biosciences or renewable energy rather than immediately shopping projects to outside investors.

For more information: ASU plans to raise $5 mil for new technology