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