In a new model ultimately aimed at generating revenue to supplement tuition and philanthropy, Concordia University Wisconsin has launched the Concordia Angel Network to invest in faculty and student innovations.

Formed in the fall, the network has 13 members so far and has already backed one company, said Curt Gielow, the group’s executive vice president and the former executive dean of the university’s School of Pharmacy.

Members are accredited investors that agree to donate at least $10,000 to the university. In return, they get the opportunity to invest in early-stage companies incubated at the Mequon university or previously vetted by Gielow.

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