Simon Fraser University and InBC Investment will both contribute $7.5 million, and plan to raise another $5 million through investments and philanthropic gifts. (The Logic)

Talking point: The fund will support early-stage companies in the province developed by the university’s researchers, students and alumni. It will prioritize life sciences, deep tech, cleantech and other sectors in which it sees significant economic potential. It’s the second such fund partnership from InBC. In March, it announced a partnership with the University of British Columbia for a fund with a $40-million target. Both universities have had successful companies spin out of their respective research. Vancouver-based biotech AbCellera is one of more than 280 UBC-grown companies, while SFU research led to quantum-computing firm Photonic, which this week was valued at $2.7 billion.