Laurie Glimcher, Dana-Farber president and CEO (Getty Images)

With its rank-and-file churn­ing out star­tups, Dana-Far­ber launch­es ven­ture fund to cap­i­tal­ize on that suc­cess

The pace of in­no­va­tion at the Dana-Far­ber Can­cer In­sti­tute in re­cent years has seen a wave of star­tups launch with IP or lead­er­ship sourced from the non­prof­it’s ranks. Now, look­ing for its own re­turns on that suc­cess, Dana-Far­ber has launched a new ven­ture fund to in­vest in those fledg­ling busi­ness­es.

On Thurs­day, Dana-Far­ber un­veiled Bin­ney Street Cap­i­tal — its first-ever ven­ture fund. Roche and Ver­i­ly vet­er­an Lu­ba Green­wood has been tapped to lead the fund, which was named af­ter the lo­ca­tion of the in­sti­tute’s Boston site.

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