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George Shultz Innovation Fund
Also known as: Shultz Innovation Fund, Innovation Fund
University of Chicago · Chicago, Illinois
Quick fit check
- No equity required
- Currently active
- Verified by research
Key numbers
Funding range
—
Equity
None
Application
Rolling
Institution Wide
Last activity
2026-07-13
High confidence
Known startups and winners
Competition winners and notable student ventures from our research.
CavilinQ
$150,000
prize won
University of Chicago
Quantum computing hardware; George Shultz Innovation Fund investee ($150K) that raised an $8.8M seed round (UChicago).
Parasol Medtech
$250,000
prize won
University of Chicago
Medical device venture; $250,000 George Shultz Innovation Fund investee 2026 (UChicago).
Signl
$250,000
prize won
University of Chicago
$250,000 George Shultz Innovation Fund investee 2026 (UChicago).
StaC12
$250,000
prize won
University of Chicago
Diamond semiconductor materials; $250,000 George Shultz Innovation Fund investee 2025 (UChicago).
Theta Neurotech
$200,000
prize won
University of Chicago
EEG-based seizure prediction; $200,000 George Shultz Innovation Fund investee 2025 (UChicago).
George Shultz Innovation Fund
Proof-of-concept to early-stage deep tech fund providing non-dilutive grants up to $250K. Over 15 years, the fund has invested $10.4M in 83 startups that have gone on to raise $327M+ in follow-on funding.
Key Details
- Up to $250K per startup, non-dilutive
- $10.4M total invested over 15 years
- 83 startups funded
- $327M+ follow-on capital raised
- 5 exits, 53% still active
- Open to UChicago, Argonne National Laboratory, Fermilab, Marine Biological Laboratory
Notable Winners / Outcomes
- CavilinQ ($150K Shultz → $8.8M seed round)
- Flow Medical ($5M seed)
- OrisDx ($4M seed)
News & articles
News articles and official sources documenting George Shultz Innovation Fund at University of Chicago.
1 source
