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Starting in 2016, the University of Virginia will be propelling entrepreneurship into the market like never before. The University’s new Seed Fund will deploy $10 million over 10 years to help commercialize UVA technologies and opportunities.

Half of the fund’s initial $10 million comes from the UVA Health System, while the other half is drawn from unrestricted endowment dollars. In order to be eligible for those investment dollars, a company must commercialize UVA intellectual property; be founded by current faculty, staff or students; or have gone through the University’s i.Lab program.

Check out the story from UVAToday