The $250,000 seed investment in LIMBER Prosthetics and Orthotics Inc. – a San Diego medical device startup spun out of UC San Diego by two former students – represents a strategic expansion of UC San Diego’s robust innovation ecosystem. It is the first time a campus in the University of California system has ever invested directly in one of its own spinoffs.
The seed investment will help LIMBER meet product-development milestones and attract follow-on investment, crucial steps in any nascent company’s growth. It also offers the university a financial stake in the company’s success, with expected returns on the investment further supporting innovation programs that provide much needed support to campus entrepreneurs.
“UC San Diego is an innovation powerhouse, and this milestone investment is a testament to our campus-wide commitment to championing our high-impact innovators and providing them with the support they need to turn groundbreaking research into solutions for societal good, all while strengthening our global economy,” said UC San Diego Chancellor Pradeep K. Khosla.