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10 November 2017

UVU rings in $25,000 student VC fund

The UVU Wolverine Fund will challenge student entrepreneurs at Utah Valley University with the management of a bona fide VC vehicle.

Author: Callum Cyrus, reporter

Utah Valley University (UVU) has received a $25,000 seed donation from US-based voice-over-IP technology developer Jive Communications to establish a VC fund that will be managed by its students.

The UVU Wolverine Fund will form the basis of a competitive class in UVU's Entrepreneurship Institute from January 2018. Jive and UVU hope the fund will provide a real-world education on what it takes to become a successful entrepreneur.

UVU Wolverine will co-invest alongside others from the Utah VC community while students source potential deals, conduct due diligence for partners and take part in national competitions. The program also intends to improve student access to networking opportunities.

Jive's relationship with UVU is firm, with its co-founder and chief product officer Mark Sharp having addressed the university executive lecture series in September 2016. Jive also claims to have recruited a "steady" number of UVU students for its business.

Sharp said: "Through the years we have really enjoyed our partnership with UVU.

"We are excited to extend that partnership with a Jive Foundation grant to kick off the UVU Wolverine Fund, continuing our support of the good work UVU is doing to train the next generation of business leaders." 

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