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UC San Diego Gets $1M From Arm Of Intellectual Ventures

The University of San Diego has received $1M from the incubator arm of Intellectual Ventures, the investment fund which was founded by recently deceased Microsoft co-founder Paul G. Allen. According to UCSD, the Institute for the Global Entrepreneur received $1M from the Invention Science Fund (ISF), the incubator arm of Intellectual Ventures, and San Diego's Legler Benbough Foundation, to accelerate new startup companies. According to UC San Diego, the sponsorship will go to expand its existing Technology Accelerator program, which is run by the Jacobs School of Engineering. The Legler Benbough Foundation provided a $250,000 matching contribution to the new effort, with ISF providing $750,000.