New Venture Capital Fund to Commercialize Innovations from UC San Diego Community
A group of UC San Diego alumni have created a venture capital fund—the Triton Technology Fund—that is specifically focused on commercializing innovations by UC San Diego faculty, students and alumni. The Triton Technology Fund invests in companies in the software, communications, electronics, materials, medical devices and instruments sectors.
“The Triton Technology Fund is going to accelerate the success of our innovators by injecting crucial resources into our entrepreneurism and commercialization initiatives,” said Albert P. Pisano, dean of the UC San Diego Jacobs School of Engineering.
Alumnus David Schwab (B.A. ’79, applied sciences), a seasoned venture capitalist, is leading the alumni-driven effort to create the externally owned and managed Triton Technology Fund.
“UC San Diego ranks fifth among the top U.S. universities in federal research and development dollars, with over $1 billion in expenditures for fiscal year 2012,” said Schwab. “I am excited about the prospect of working to match UC San Diego-related technologies with specific needs in targeted vertical markets.”
The Jacobs School’s von Liebig Entrepreneurism Center will help identify and mentor teams interested in working with the Triton Technology Fund.
“We believe that the Triton Technology Fund will have a positive impact on the entrepreneurial culture at UC San Diego and in the local innovation ecosystem,” said Rosibel Ochoa, Senior Executive Director of Entrepreneurism and Leadership Programs.
The Triton Technology Fund is part of a larger venture capital fund— Vertical Venture Partners—also created by Schwab. Approximately 20 percent of the Vertical Venture Partners fund will be allocated to Triton Technology projects involving UC San Diego faculty, students or alumni.
The Triton investment committee, a group of volunteers that advises Schwab, includes UC San Diego alumni Steve Hart (M.S. ’80, mathematics), CTO and co-founder of San Diego-based ViaSat; and Paul Conley (M.S. ’96, bioengineering; Ph.D. ’99, mechanical engi- neering), a managing partner at Paladin Capital.
According to Sujit Dey, an electrical and computer engineering professor and experienced entrepreneur, the new fund will help unlock the tremendous potential for UC San Diego innovations to be successfully commercialized by faculty, students and alumni.
Connect with the Triton Technology Fund
Are you a UC San Diego alumna or alumnus, student, professor, researcher or staff member who is interested in learning more about the Triton Technology Fund? Get started at: www.ttf.ucsd.edu.