Ohio Innovation Fund on track for 5X returns to universities that created it

Ohio Innovation Fund logo and Dayton, Ohio skyline

In five years, Ohio Innovation Fund has already returned more than half what state-owned institutions and other investors put in, its managing director said.

The Columbus venture capital firm has averaged an annual 30% annual return the past five years, putting it on track to return five times the investments by limited partners including Ohio State and Ohio universities. A VC fund’s typical life cycle is about 10 years.

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Story excerpt provided by Columbus Inno.

Written by Carrie Ghose.

Originally published April 13, 2022.

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