Home Venture Capital IU Ventures’ managing director to step down – Inside INdiana Business

IU Ventures’ managing director to step down – Inside INdiana Business


Teri Willey (photo courtesy of Indiana University)

The managing director of IU Ventures, Indiana University’s early-stage venture and angel investment arm, will step down from her role later this year. Teri Willey, who spearheaded the growth and development of several high-impact investment funds at IU Ventures, will step down from her role in early November and work at a reduced capacity through the end of the year.

IU says Willey is a nationally recognized authority on the licensing and commercialization of scientific discoveries and innovations, as well as on establishing early-stage funds that invest in university-affiliated ventures. She joined IU in 2018 to launch and manage the Indiana Philanthropic Venture Fund, one of four investment programs overseen by IU Ventures.

“Since joining Indiana University, Teri has been instrumental in helping IU be known as one of the most active venture capital investors in Indiana and the Midwest and elevating the university’s reputation as a major supporter of entrepreneurial faculty, students, staff and alumni,” said IU Vice President for Government Relations and Economic Engagement Bill Stephan. “By strategically steering crucial seed and early-stage capital to IU-affiliated innovators, she has helped ensure the successful launch of numerous companies in our state’s key economic sectors, including the life sciences and pharmaceuticals. These companies, many of which Teri continues to mentor, are helping to build a more prosperous and innovative Indiana and improving the lives of people here in the Hoosier state and beyond.”

Willey manages two other IU Ventures’ funds: the $10 million Innovate Indiana Fund, which was established in 2010 to support innovation at IU, and the Shoebox Fund, which was launched in 2020 to support student innovation and entrepreneurship.

“Venture-backed companies are increasingly vital to the performance of our local, state and national economy, and funds like the Indiana Philanthropic Venture Fund, which Teri has so effectively led and grown, continue to fuel the success of high-potential, early-stage businesses,” said Tony Armstrong, chief executive officer of IU Ventures. “We are enormously grateful to Teri for her vision, her expertise and her dedication to ensuring that the best entrepreneurs from Indiana and beyond have access to critically needed capital at the initial development stages of their new ventures that, in turn, generate high-quality jobs for Hoosiers and contribute to a growing culture of entrepreneurship and innovations across our state.”

Before joining IU Ventures, Willey served as vice president of the Cold Spring Harbor Laboratory in New York. She also previously served as vice president for technology and business development for Mount Sinai School of Medicine, among other positions.

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