September 25, 1998
An Innovative Venture-Capital Fund Is Folded at U. of Illinois's Engineering College
An unusual idea ran into opposition from university fund raisers with whom it could have competed
Alumni of the College of Engineering at the University of Illinois at Urbana-Champaign have made fortunes for investors by recognizing good opportunities in start-up companies. So why, officials wondered, couldn't the engineering college make big money, too?
It seemed like an elegant idea when the college's
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