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Oxford Saïd Business School Seed Fund Builds Links: MBA News
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A seed fund initiated by Oxford University's Saïd Business School has awarded funding to two start-up companies, with one of the fund's missions touted as being to build links between the famous university and its business school.
According to Businessweek, the seed fund, which is administered by eight Oxford Saïd Business School alumni from the MBA and finance and law programs, has awarded its first round of funding to two businesses with founders coming from the wider university:
• ACE (Analyst Consensus Estimates) - founded this year by Alex Money, currently working on his doctorate at Oxford University. The company aims to clarify to users of information on publicly traded companies where that information came from, in part, resulting in better informed investments.
• Onfido - founded in 2012 by Eamon Jubbawy, a BA economics and management student from Oxford University. Onfido is designed for companies to run background checks on potential new hire, an idea adapted from successful models in the US.
Oxford Saïd Business School's Seed Fund
Each founder has received roughly US$30,000 in investment from the Oxford Saïd Business School fund, says Businessweek. The fund is made up of donations from the UK government, and Oxford Saïd Business School.
“My hope is that the Seed Fund serves as some of the connective tissue that holds together Oxford and the business school,” Mark Clayton Hand tells Businessweek, an MBA student and founding chairman of the Seed Fund Committee at Oxford Saïd Business School.