The University Philanthropic Venture Fund, managed by the institution's IU Ventures, is investing $250,000 in the Bee Corp., "an Indiana agtech startup developing solutions for growers and beekeepers who rely on commercial pollination," according to an IU press release issued today. "The company uses infrared cameras that attach to a smartphone to provide a noninvasive look at the health of the hive."
The funds were promised but not transacted before Gov. Eric Holcomb issued a statewide stay-at-home order, according to information in the release: "Despite mounting economic uncertainty, IU Ventures is proceeding with this and three other approved investment transactions, demonstrating the group's commitment to supporting Hoosier entrepreneurs in this time of heightened need."
To read the entire press release, click here.