University Raises $30M For Student Startups

Reichman University has raised $30 million in just five months to help its students and graduates with promising startups.

The newly-established venture capital fund, RUNI Ventures, will offer around $500,000 to each promising startup in the pre-seed stage.

Successful candidates will also be provided with workspace in Herzliya, guidance from academics and industry experts, and access to students from the university as interns or employees.

And they’ll be connected to the global ecosystem of the fund’s managers, partners, and thousands of Reichman University graduates who serve in senior positions in Israel and around the world.

“Our graduates are a prominent force in the Israeli high-tech industry and bolster Israel’s status as a global innovation powerhouse,” said Prof. Uriel Reichman, Founding President and Chairman of the Board of Reichman University.

“RUNI Ventures is a unique fund that will provide students and graduates who are developing ground-breaking technological ventures the best tools to succeed, bring about change, and impact the future.”

Adv. Hila Rom, Managing Partner of RUNI Ventures, said: “We are happy to be joined by top-tier investors, who have expressed confidence in the leading team, the unique model we have built and in the great value and business potential that lies in investing in the next generation of Israeli entrepreneurs.

“Other accomplished investors from Israel and abroad will soon join us, and as the deal flow looks excellent, we will start making first investments soon.”

Reichman University, in Herzliya, is Israel’s only private university. It was founded in 1994 as the IDC Herzliya private college, before being rebranded in 2021.

Students and graduates can submit applications to the fund at www.runiventures.com.