IU Ventures’ managing director to step down
Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
The managing director of IU Ventures, Indiana University’s early-stage venture and angel investment arm, is leaving her role, the university announced Wednesday. Teri Willey plans to step down in early November and work at a reduced capacity through the end of the year.
Willey joined IU in 2018 to launch and manage the Indiana Philanthropic Venture Fund, one of four investment programs overseen by IU Ventures.
She also manages two other funds: the $10 million Innovate Indiana Fund, which was established in 2010 to support innovation at IU, and the Shoebox Fund, which was launched in 2020 to support student innovation and entrepreneurship.
Bill Stephan, vice president for government relations at IU, says Willey has been instrumental in establishing IU as one of the most active venture capital investors in Indiana and the Midwest.
“By strategically steering crucial seed and early-stage capital to IU-affiliated innovators, she has helped ensure the successful launch of numerous companies in our state’s key economic sectors, including the life sciences and pharmaceuticals,” Stephan said. “These companies, many of which Teri continues to mentor, are helping to build a more prosperous and innovative Indiana and improving the lives of people here in the Hoosier state and beyond.”
Before joining IU Ventures, Willey served as vice president of the Cold Spring Harbor Laboratory in New York. She also previously served as vice president for technology and business development for Mount Sinai School of Medicine, among other positions.