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UCT Puts Its Money Behind Innovation (06 May 2019)

The University of Cape Town (UCT) has shown its commitment to innovation The University of Cape Town (UCT) has shown its commitment to innovation and ensuring its research outputs have an impact with Council approving the and ensuring its research outputs have an impact with Council approving the allocation of a portion of the institution’s investment portfolio to a private allocation of a portion of the institution’s investment portfolio to a private equity fund, offering Tnancial support to UCT’s various spin-off companies. equity fund, offering Tnancial support to UCT’s various spin-off companies.

The Evergreen Fund, which had accumulated R4.3 million from alumni donations, was operationalised following Council’s approval. It saw an injection of around R60 million in 2017 and had facilitated investments to the tune of R34.2 million by the end of the following year. A further R9 million has been allocated to the fund this year.