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U of Technology Sydney partners with two VC firms to help boost start-up activity


By Jesse Schwartz
Published: October 3rd, 2018

The University of Technology Sydney (UTS) has partnered with two venture capital firms to help its spinout companies enter the marketplace.

Galileo Ventures and Main Sequence Ventures won’t simply help the start-ups raise funding. The two VC firms will also provide opportunities for networking, mentorship and other resources that are invaluable to a fledgling university spinout.

Main Sequence Ventures will launch its Venture on Campus program at UTS, offering researchers access to internships, coaching and pitch training. Through the program, UTS start-ups will have the chance to build relationships with investors before pitching their business models.

“If you have the best start-ups in your universities, the right place for those start-ups is among the other great start-up programs and with the best investors,” says Murry Hurps, director of entrepreneurship at UTS.

Hurps sees the two new partnerships as just the beginning and would like to see UTS take a more specialized approach to funding, and work with even more VCs. “The two funds will cater to a large proportion of the companies we’re working with, but we’re going to need a whole different spectrum,” he says. “There’s a broad spectrum of the kinds of companies and approaches… [and] we can’t have a universal investment model that’s going to work.”

Source: StartupSmart

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