Tucson Entrepreneurs Launch Venture Capital Fund Dedicated to University of Arizona Commercialization
Summary
and Michael N. Deitch, CPA, Uaventure Capital will consider investing in University of Arizona science, technology, services and intellectual property originating from faculty, students, alumni, and affiliates.UAVC has been formed by Fletcher J. McCusker, the business driver behind the University of Arizona College of Pharmacy spin out SinfoníaRx, Inc., and the founder of the public company Providence Service Corporation.UAVENTURE CAPITAL, LLC will be headquartered in the iconic Ronstadt House at 607 North Sixth Avenue, one of Tucson’s landmark turn of the century mansions, just blocks away from downtown and the University.The Fund will consider investing in University of Arizona science, technology, services and intellectual property originating from faculty, students, alumni, and affiliates.Ultimately, SinfoníaRx was funded entirely by Tucsonans and we believe that model, combined with institutional investment, can support a number of startup ventures,” he concluded.