Nancy Sullivan is CEO and senior managing director of IllinoisVentures, the University of Illinois’ startup investment arm.
“We fund out of three main areas,” she told Blue Sky. “The first is proof of concept. Second, the university provides about $1 million a year to do seed investing, primarily at the U. of I., and outside of the U. of I. Then we have two private funds under the Illinois Emerging Technologies Fund that we manage as the general partner. We like to say we have $65 million of assets under management and the third-party dollars attracted to our portfolio is $650 million.”
In addition to helping new companies get seed and venture capital funding, Sullivan also assists with recruitment and obtaining business services. She also served as the director of the Office of Technology Management at the University of Illinois at Chicago.
Before joining IllinoisVentures, Sullivan was the director of the Women’s Entrepreneurial Life Sciences Initiative at Northwestern University.
She has an MBA from Northwestern University’s Kellogg School of Management and a master’s in biotechnology, also from Northwestern. She earned her bachelor’s degree in business administration from Loyola University.