The Purdue Research Foundation is partnering with Cook Medical to support life sciences startup opportunities.
Plans call for establishing a $12-million evergreen investment fund.
The Foundry Investment Fund will seek to join with other investors to fund companies based on Purdue technology or expertise in the areas of human and animal health and plant sciences.
Returns on the investments will remain in the fund for future investments.
Purdue President Mitch Daniels says the initiative will help a new generation of university innovators bring their technologies to the public.