Big Idea Ventures Launches New Fund to Commercialize University IP and Grow Rural Economies
North Carolina State University selected as first university collaborator
Big Idea Ventures, LLC
NEW YORK, Jan. 28, 2021 (GLOBE NEWSWIRE) --
Big Idea Ventures LLC, the global leader in early-stage alternative protein investing, announces the launch of the Generation Food Rural Partners (GFRP) fund, and has selected NC State University as its inaugural collaborator. GFRP is a $125 million target fund that will fuel economic development in rural communities across the United States through the commercialization of food and agricultural technologies, protein innovation and other university intellectual property.
“Big Idea Ventures was founded to solve the world’s greatest challenges by backing the world’s best entrepreneurs,” said Andrew D. Ive, founder and managing general partner. “This new fund will widen our scope to capture breakthrough technologies from world-class universities that will impact the global food supply chain. The goal is to drive job creation and entrepreneurship in rural communities hungry for economic development and have them continue to be the centers of food innovation and production for generations to come.”