Doc. T92-031, Appendix G, as amended
Passed by the Board of Trustees on May 24, 2006

I. Introduction

Investments in New Companies Based on University Technologies Standards apply to fund restrictions, approvals and operating guidelines. Campuses may establish campus policies and guidelines within the scope of University policy regarding the development of investment in new companies based on University technologies. Campus policies and guidelines may be more, but not less, restrictive than the President’s Administrative Standards.

II. Policy Statement

  1. The University shall make available up to one-percent of the University’s operating cash as of June 30th each fiscal year for investment in University-technology based companies.
  2. Investments shall be limited to a total of $500,000 per company which may be made all at once or in several rounds.
  3. Investments must be recommended by the University Technologies Investment Advisory Board.
  4. Investments shall be approved by the University Investment Committee (as defined in Appendix F to this Policy).
  5. The President shall issue Standards for the implementation of this policy which shall include, but not be limited to, funding restrictions and operating guidelines.

III. Standards

The President, in consultation with the Vice President for Administration & Finance and Chancellors, will issue administrative standards to implement this policy.

Doc. T92-031, Appendix G, as amended | Policy on Investments in New Companies Based on University Technology
Passed by the Board of Trustees on May 24, 2006
Revised:
September 18, 2013