Contact Us
Make My Homepage

Rowan Sets Up Research Fund [AUDIO]

Rowan University will create a new venture capital fund to back regional research aimed at helping New Jersey’s economy.

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

Rowan University
Rowan University (Facebook)

The Rowan University Foundation is getting the ball rolling on the fund with $5 million in “seed” money. University president Dr. Ali Houshmand said he wants to see investment in this enterprise targeted for assistance to the entire region.

“We want our research to translate into jobs, into the well-being of people,” Houshmand said, “and that really makes me very, very proud, and that’s really what I would like the public to hear.”

He says the venture fund will open doors for faculty, students and alumni to bring their studies and research to life.

An advisory committee is currently being set up, comprised of business leaders, financiers, engineers and faculty. Its purpose is to steer the fund and decide on dispensing money — up to $1 million annually for five years — to research projects that are deemed worthy of development for the benefit of both Rowan and the region.

Best of NJ 101.5

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for New Jersey Insiders quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive New Jersey Insiders contests, events, coupons, presales, and much more delivered to you for FREE.