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Vanderbilt joins Angels to bless new companies

VU and Sumner investor group seek two-way flow of ideas, capital and expertise


Chris Rand
05-18-2007 12:12 PM

Vanderbilt University's office of technology transfer and enterprise development today announced an alliance with the Angel Network of Sumner County LLC, formation of which was reported Wednesday by NashvillePost.com.

In a statement this morning, Vanderbilt OTTED Senior Associate Chris Rand said the collaboration would take several forms, including helping spread word of investment opportunities identified by Vanderbilt and through the new network, identifying startup management teams, licensing technologies developed at Vanderbilt to startups, and drawing upon both the capital and expertise of Angels and network advisors for Vanderbilt's own commercialization efforts.

There are currently nearly two-dozen early-stage companies within the OTTED portfolio, including Pathfinder Therapeutics, Discovery Education's ThinkLink Learning, Protein Discovery Inc., ICA Informatics Corp. of America and Cumberland Emerging Technologies Inc.

Rand and his OTTED colleague Tom Noland both serve on the ANSC advisory board. Noland, who is OTTED's associate director, also represents Vanderbilt on the board of directors of Nashville Capital Network, a nonprofit angel network located at Vanderbilt that has expressed interest in collaborating with its Sumner County peer.

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