Applicants from across the University of Chicago, Argonne National Lab, Fermilab, and the Marine Biology Laboratory compete for up to $250,000 in proof-of-concept capital.
Associates perform deep diligence on the most compelling new ventures being built across our ecosystem.
Offered in the Fall and Spring quarter, The George Shultz Innovation Fund invest in startups from the University of Chicago, Argonne National Laboratory, Fermilab, and the Marine Biological Laboratory.
To date, the Shultz Innovation Fund has invested $6 million in 58 startups, with each funding cycle bringing ever more advanced projects from an even wider group of researchers. See a full list of our portfolio companies here.
The George Shultz Innovation Fund is a multi-million-dollar fund that invests in promising startups from an ecosystem that includes the University of Chicago, Argonne National Laboratory, Fermilab, and the Marine Biological Laboratory. The Innovation Fund is a venture-philanthropy fund, supported by alumni donations. One hundred percent of its returns are invested back into the Fund, ensuring that it remains an evergreen, permanent feature of the University of Chicago’s entrepreneurial ecosystem. To date, $6 million has been invested in 58 startups. The core mission of the Shultz Innovation Fund is to help researchers turn their innovations into ventures that advance cutting-edge technologies, generate significant financial returns, and create lasting impact for humankind.