Philadelphia’s Drexel University has announced it will launch a venture fund next year. The university hasn’t disclosed the dollar amount of the fund, but it will be used to support Drexel faculty, students, alumni, and entrepreneurs in the region. Its advisory board will include experienced entrepreneurs, venture capitalists, private equity investors, and technical experts. The university says fund’s aim is to help the university’s technology get out into the private sector. [Source: MedCity News]