Money and Minds Meet at CMU

 

May 10, 2001

An article in the Pittsburgh Post-Gazette features the benefits of ties between Information Technology University (ITU) Ventures, a Beverly Hills, California-based venture capital group, and CMU faculty. Pradeep Khosla, ECE Department Head and Philip and Marsha Dowd Professor of Electrical and Computer Engineering and Robotics, and Donald Marinelli, co-director of CMU's Entertainment Technology Center, are both in contact with the firm.

As a faculty advisor for ITU, Khosla refers venture capitalists to promising research areas. Researchers benefit through industry connections and funding to develop ideas beyond their laboratories, while investors can explore the market possibilities from university-born businesses.

"It streamlines their operations very well, if you think about it," Khosla said.

ITU has a $35 million capital base to provide seed funding for businesses at 12 partnering universities, including Cal-Berkeley, Harvard University, and MIT.

Headshot of Pradeep Khosla

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Pradeep Khosla