June 10th, 2016 by WCBC Radio

The University System of Maryland plans to establish a $25 million fund to invest in startup companies created by students, faculty and graduates. Multiple news organizations report that the Board of Regents committee approved the fund on Thursday. The fund would require the system to invest $10 million over the next four years, and the remainder would be raised from venture funds, state funds and other sources. That fund is intended to offer investments between $50,000 and $500,000.