The University of New Brunswick’s student venture capital fund has made its first investment.
The Fraser Student Venture Fund is worth about $400,000, according to Faculty of Management Dean Devashis Mitra, with the money having been donated by alumnus and wealth manager Charles Fraser. It has invested $25,000 in geo-mapping startup 3D Planeta.
The fund is managed by New Brunswick Innovation Foundation Director of Investments Raymond Fitzpatrick’s Venture Assessment class. Its creation was inspired by the success of a similar program, called the Student Investment Fund, which focused on