The Duke Innovation Fund...investment are returned to the fund to start even more companies. In this...

4
Together, We Can Unleash the Power of Duke Innovation Through Our Support for Duke-Affiliated Startups. Empowering the Duke Entrepreneurial Community. The Duke Innovation Fund

Transcript of The Duke Innovation Fund...investment are returned to the fund to start even more companies. In this...

Page 1: The Duke Innovation Fund...investment are returned to the fund to start even more companies. In this way, your contribution helps endow entrepreneurship at Duke.* *DIF also supports

Together, We Can Unleash the Power of Duke Innovation Through Our Support for Duke-Affi liated Startups.

Empowering the Duke Entrepreneurial Community.

The Duke Innovation Fund

Page 2: The Duke Innovation Fund...investment are returned to the fund to start even more companies. In this way, your contribution helps endow entrepreneurship at Duke.* *DIF also supports

Empower Duke’s Global Entrepreneurship Community.

The Duke Innovation Fund is your opportunity to change the face of entrepreneurship at Duke. The Innovation Fund invests alongside the Duke Angel Network to help Duke-affi liated innovators turn groundbreaking ideas into technologies that could change the world.

It’s a crippling problem: new companies worthy of support unable to fi nd critical seed-stage capital to advance their innovations. The Duke Angel Network makes sure the ideas that grow in the Duke community don’t languish for lack of early investment, by investing in companies where a founder, executive, or board member is a Duke University alumnus, faculty or staff member, student, or parent. The Angel Network’s investments represent individual fi nancial decisions

Get campaign credit and an immediate charitable tax deduction while supporting entrepreneurship at Duke.

Your Innovation Fund contribution helps us supercharge Duke’s research and translational capabilities by turning ideas into companies. Which companies? Those that merit investment through the Duke Angel Network. All investment gains generated by Innovation Fund

Duke University has already made a commitment of $2 million to the Innovation Fund.

by its members. Deals from the Duke community are vetted by a team of seasoned investors and student interns and then presented to the Angel Network members, who make investment decisions on a deal-by-deal basis. In a unique model developed at Duke, the Innovation Fund leverages the power of those investments by investing alongside the angels froma pool of philanthropic and university funds.

investment are returned to the fund to start even more companies. In this way, your contribution helps endow entrepreneurship at Duke.*

*DIF also supports a 1% management fee to offset operational costs.

The Duke Innovation Fund will leverage the investment savvy of the Duke entrepreneurial community. Our investment in the Innovation Fund demonstrates our commitment to translating the great innovations that grow at Duke into world-changing technologies.”

–Tallman Trask III Executive Vice President at Duke University“The Duke Innovation Fund will leverage the investment savvy of the Duke entrepreneurial “The Duke Innovation Fund will leverage the investment savvy of the Duke entrepreneurial

Page 3: The Duke Innovation Fund...investment are returned to the fund to start even more companies. In this way, your contribution helps endow entrepreneurship at Duke.* *DIF also supports

The Duke Innovation Fund breaks through a critical bottleneck in Duke’s entrepreneurial ecosystem.Early-stage funding is scarce in our region and many other regions of the country, especially for many technology spaces important to Duke. Your philanthropic efforts will help us unite the Duke community and build powerful businesses and bring Duke’s world-changing innovation to those who need it most.

The Duke Innovation Fund will become a powerful, evergreen capital pool that sustains itself by recycling the proceeds of successful investments. In turn, the Innovation Fund and the Duke Angel Network will energize the Duke innovation community, facilitating mentorship, sharing and thought leadership among Duke’s globally dispersed entrepreneurial family. Fund investments are made alongside those of the Duke Angel Network, and under the same terms. Those investments rely on the diligence, experience and expertise of the Angel Network members, who invest their own capital alongside every fund investment. The Angel Network also serves as a living laboratory for the Duke students who serve in diligence support roles. Through all of these activities the Innovation Fund and Duke-affi liated companies can grow together, enabling a future where a wider variety and greater number of innovations receive investment support.

Making a Donation Makes Sense.

Make your donation and learn more at www.dukeangelnetwork.duke.edu/innovation-fund.

Donors Receive Campaign Capital Credit and a Charitable Gift Tax Benefi t.

A Durham-based provider of newborn screening

technologies, Baebies, Inc., is developing new

technology and new tests for diseases and conditions

in newborn babies.

“We are thrilled to have the experienced group from the Duke Angel Network as one of our investors,” said Rich

West, CEO and Co-founder of Baebies, “they share our vision that every baby deserves a healthy start.”

“This fi rst investment in Baebies is an important milestone for the Duke Angel Network. We are excited to be supporting an experienced team and a technology that

Duke Angel Network Invests in Newborn Screening Company Baebies, Inc.

can change the quality of life for babies around the world,” said

John Glushik, Managing Director of the Duke Angel Network.

Mr. West earned a B.S. in Mechanical Engineering from Duke

and has been a member of the Adjunct Faculty, lecturing on

entrepreneurship at the university for several years. Baebies’

President and Co-Founder, Vamsee Pamula, earned a Ph.D.

in Electrical and Computer Engineering from Duke and was

also a Post-Doctoral Research Associate. The technology

originated at Duke in the lab of scientist Richard Fair.

For more information, please visit www.baebies.com.

Page 4: The Duke Innovation Fund...investment are returned to the fund to start even more companies. In this way, your contribution helps endow entrepreneurship at Duke.* *DIF also supports

Learn more about Duke’s unique approach to entrepreneurial investment at www.dukeangelnetwork.duke.edu/innovation-fund.

Make a Gift to the Duke Innovation Fund Today.

Join us as we embark on this unique and powerful model for entrepreneurial fi nancing, and help us translate ideas into

action in North Carolina and around the world. If you are an entrepreneur or an investor or have technical expertise and

are interested in entrepreneurship, there may be other important ways you can donate resources besides

a monetary gift. Please visit our website to learn more.

The Duke Angel Network brings together the Duke

entrepreneurial community, the Duke alumni network, and

innovative companies to empower the businesses that drive

our future. The Duke Angel Network supports the Duke

entrepreneurial community by matching Duke-affi liated

investors with Duke-sourced portfolio companies to support

their growth and success. The Duke community offers a

uniquely powerful opportunity for networking and guidance

from industry experts and successful entrepreneurial leaders.

Our Angel Network members are actively involved with Angel

Network portfolio companies, bringing related innovators

in the Duke alumni network to our companies, fostering

collaboration and further success.

Founded in 2015, The Duke Angel Network targets Duke-

affi liated companies with the potential for signifi cant

growth and fi nancial return. All applicants for investment

are thoroughly reviewed by the Angel Network screening

committee, made up of entrepreneurial leaders.

About the Duke Angel Network.

Make a Gift to the Duke Innovation Fund Today.

are thoroughly reviewed by the Angel Network screening

committee, made up of entrepreneurial leaders.

Network portfolio companies, bringing related innovators

in the Duke alumni network to our companies, fostering

Founded in 2015, The Duke Angel Network targets Duke-

affi liated companies with the potential for signifi cant

growth and fi nancial return. All applicants for investment

Network portfolio companies, bringing related innovators

are thoroughly reviewed by the Angel Network screening

committee, made up of entrepreneurial leaders.

Network portfolio companies, bringing related innovators

in the Duke alumni network to our companies, fostering

collaboration and further success.

Founded in 2015, The Duke Angel Network targets Duke-

affi liated companies with the potential for signifi cant

growth and fi nancial return. All applicants for investment

are thoroughly reviewed by the Angel Network screening

Network portfolio companies, bringing related innovators

in the Duke alumni network to our companies, fostering

collaboration and further success.

Founded in 2015, The Duke Angel Network targets Duke-

affi liated companies with the potential for signifi cant

growth and fi nancial return. All applicants for investment

are thoroughly reviewed by the Angel Network screening

committee, made up of entrepreneurial leaders.

About the Duke Angel Network.

Network portfolio companies, bringing related innovators

in the Duke alumni network to our companies, fostering

collaboration and further success.

Founded in 2015, The Duke Angel Network targets Duke-

affi liated companies with the potential for signifi cant

growth and fi nancial return. All applicants for investment

are thoroughly reviewed by the Angel Network screening

committee, made up of entrepreneurial leaders.

The Duke Angel Network, coupled with the Duke Innovation Fund, is a unique and important mechanism for bringing to bear both the expertise of the Duke family and much needed investment capital on the innovations that grow among the Duke community. The effort is a vital component of the larger Innovation and Entrepreneurship Initiative, and I am excited about the potential of the Network to bring the impact of Duke innovation to life.”

– David M. Rubenstein, P’15, TR T’70 Co-Founder and Managing Director, The Carlyle Group and Chairman of the Board, Duke University

“The Duke Angel Network, coupled with the Duke Innovation Fund, is a unique and important “The Duke Angel Network, coupled with the Duke Innovation Fund, is a unique and important