Washington University Skandalaris Center announces new fund for startups

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The Skandalaris Center at Washington University in St. Louis announced today that it has launched a new venture-capital seed fund aimed at helping to propel early-stage business ventures by students, faculty and recent alumni.

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As a campus-wide initiative, the Skandalaris Center for Interdisciplinary Innovation and Entrepreneurship serves students in all seven schools at Washington University, as well as the broader St. Louis community, by coordinating WashU’s entrepreneurship curriculum; creating co-curricular programs (ie IdeaBounce); running a seminar series and competitions (ie Skandalaris Cup, formerly called the Olin Cup); managing an internship program connecting talented Washington University students to local startups and growth companies at low cost and offering the Hatchery course, where community entrepreneurs may recruit a student team to write a business plan for a new social or commercial venture.

“We are thrilled to initiate this new partnership between private investors and Washington University,” said Emre Toker, managing director of the Skandalaris Center. “This new venture-capital fund will help us further support the science, technology and medical work being done at the university in the innovation/entrepreneurship space, and help to launch and further elevate that great work.”

“The William Greenleaf Eliot Seed Fund is an extension of the many supports and resources the Skandalaris Center already provides to startups within the Washington University community,” said Provost Holden Thorp. “The university is proud to offer another option to nurture these early-stage businesses as they develop, evolve and thrive.”

affiliated with Washington University may apply for the William Greenleaf Eliot Fund via the Skandalaris Center; there is a rolling review process for those applications.