Purdue Research Foundation, the tech transfer affiliate of Purdue University, has agreed a strategic partnership with venturing firm Kairos Ventures.
Kairos will provide funding to Purdue-linked businesses through both incubation and series A stages while contributing sales assistance, industry mentorship and guidance from its scientific and business advisory teams.
In addition, the VC firm’s Purdue targets could receive co-investments from Purdue Ventures, a matching fund operated by the university’s Purdue Foundry entrepreneurship hub.
The partnership is intended to lure more investments to Purdue spinouts and improve the university startup ecosystem with the ultimate aim of translating more university research into revenue-generating products.
Kairos Ventures regards university partnerships as an important part of its growth strategy. Its portfolio includes Columbia University wireless communications spinout MixComm, to which it provided an undisclosed amount of series A capital in October 2017.
Dan Hasler, chief entrepreneurial officer at Purdue, said: “The Kairos partnership with Purdue opens a whole…
