Navigation Links
Rady Venture Fund Develops Next Generation Tech Investors
Date:3/20/2013

SAN DIEGO, March 20, 2013 /PRNewswire-USNewswire/ -- The Rady School of Management's student-run venture capital fund, the Rady Venture Fund, has participated in a $16 million Series B raise in startup Savara Pharmaceuticals, which is developing an inhalable antibiotic to treat cystic fibrosis patients with lung infections. The Rady Venture Fund's investment in Savara was made in conjunction with an investment by the Tech Coast Angels, the largest and most active angel investor network in the U.S. The investment provided Rady MBA students invaluable, hands-on investment experience in deploying investment capital to support emerging companies.

"Unique to MBA schools, the Rady Venture Fund was started to support the Rady School's educational objectives in the areas of entrepreneurship, innovation and translation of discoveries into the marketplace," said Lada Rasochova, Director, California Institute for Innovation and Development and Managing Director, Rady Venture Fund. "Students take a series of courses in new venture finance and venture capital management where they gain hands-on experience in conducting due diligence and making investment decisions. Each investment is reviewed and approved by an investment committee of experienced venture capitalists and includes at least one independent external investor."

"The Rady Venture Fund students are instrumental in the process of identifying and evaluating investment opportunities, such as Savara," said Sergio Gurrieri , investor and business advisor at Tech Coast Angels. "Their diverse backgrounds contribute a wealth of experience and industry knowledge to ensure investments are technically and fiscally sound." 

"We are delighted to be a small part of the Rady vision to provide hands on experience to the Rady MBA students," said Rob Neville CEO of Savara Pharmaceuticals. "Industry leaders participated alongside students in a real deployment of investment capital, providing an excellent teaching opportunity. Savara has greatly benefited from the experience as well as access to the Rady network."

Rady student George Smith (MBA '13), a pharmaceutical scientist, explained that his work with the Rady Venture Fund fostered his exploration of a new career path. "As a Ph.D. scientist, who has been in drug discovery for a while, I wanted to expand my business skills and potentially start a company of my own," Smith said. "With this unique experience I have a much better grasp of how to seek initial startup funding and later, how to secure venture capital funding."

For Rady Alumnus Niall O'Donnell (MBA '06), a RiverVest Venture Partners principal, Rady Venture Fund life sciences investment committee member and advisor, the opportunity to mentor Rady Venture students was a rewarding experience. "The venture capital model is changing and the experience that the Rady Venture Fund provides students is a tremendous benefit to them and the region's emerging growth companies," O'Donnell said.

About the Rady School of Management at UC San Diego
The Rady School of Management at UC San Diego is a business school at the confluence of business, science and technology. Our MBA program encourages students to be visionaries who pursue the extraordinary, incubate new ideas, reinvent existing businesses and establish new companies. To find out more about the Rady School visit www.rady.ucsd.edu.


'/>"/>
SOURCE Rady School of Management
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Sunpeaks Ventures Files Defamation Lawsuit
2. Zyga Technology Announces $25 Million Venture Financing
3. Cannabis Science Gets Set to Release "Phytiva" Its Newest Brand of Over-the-Counter Skin and Nutraceutical Product Lines Through its Newest Venture Phytiva Pharmaceuticals Inc.
4. University of Michigans Wolverine Venture Fund Participates in $25 Million Series D Investment in Sonitus Medical
5. InnoPharma Inc. Raises $8 Million in Venture Debt
6. Practice Fusion Announces $34 Million in Financing Led by Artis Ventures
7. Pappas Ventures Names Pat Gage to Scientific Advisory Board
8. SJF Ventures Completes Oversubscribed Series A Round for BioSurplus
9. Sunpeaks Ventures Announces Second Quarter 2012 Results
10. Healthcare Expense Management Leader Patientco Receives $3.75M in funding led by BlueCross BlueShield Venture Partners and Sandbox Industries
11. MedImmune and WuXi AppTec Announce Joint Venture to Develop Novel Biologic for Chinese Market
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/2/2016)... 2016 Orthopedic Implants (Including Spinal Implants, ... to Gain a Significant Market Share Owing to a Large ... ... According to a new report by Persistence ... Packaging: Clamshell Product Type Segment Projected to Witness a Significantly ...
(Date:12/2/2016)... YORK , December 2, 2016 ... 5,251.11, down 1.36%; the Dow Jones Industrial Average edged 0.36% ... at 2,191.08, down 0.35%. Losses were broad based as six ... Stock-Callers.com has initiated research reports on the following Services equities: ... (NASDAQ: QGEN ), INC Research Holdings Inc. (NASDAQ: ...
(Date:12/2/2016)... , Dec. 1, 2016 Around the ... country, region and each habitable land present over earth. ... every individual once in a life time this is ... care available until now. Given the steady increase in ... together with the spiraling healthcare costs of treatment, there ...
Breaking Medicine Technology:
(Date:12/4/2016)... , ... December 04, 2016 , ... Are You Concerned ... the most certified and experienced Indoor Air Quality Companies in VA, MD and DC, ... Regulations. , The new mold law in the district of Columbia is ...
(Date:12/2/2016)... Calif. (PRWEB) , ... December 02, 2016 , ... On ... at the Hard Rock Hotel San Diego honoring the 2016 MPN Heroes—eight individuals who ... neoplasms (MPNs) by going above and beyond the standard of care, demonstrating leadership within ...
(Date:12/2/2016)... ... December 02, 2016 , ... Center for Autism and ... of those affected by autism spectrum disorder (ASD) and other developmental disabilities. The group, ... will give parents and other caregivers the opportunity to share stories and advice, seek ...
(Date:12/2/2016)... Beverly Hills, CA (PRWEB) , ... December 02, ... ... and reconstructive surgeon in Beverly Hills, California, will be included in the 2016 ... is given to exceptional professionals based on the amalgamation of their education, experience, ...
(Date:12/2/2016)... ... December 02, 2016 , ... Universal Medical ... systems and the first company to offer robotic imaging to veterinary medicine is ... booth # 941 for the American Association of Equine Practitioners 62nd Annual Convention ...
Breaking Medicine News(10 mins):