Since 1985, more than 200 companies have formed by licensing technologies from the University of Florida. UF Innovate | Ventures seeks to fuel consistent growth in the number and quality of technology-based startup companies. These startups move UF inventions out of the lab and into the marketplace for the global good. Ventures supports startups by developing entrepreneurs, connecting companies to potential investors, and making equity investments. UF Innovate | Ventures has a $1 million venture fund available to support startups during each fiscal year. Ventures will assist UF startups in preparing for a financing round and may participate in financings after review and approval by the Investment Committee.