WRF Press Releases

April 15, 1999

WASHINGTON RESEARCH FOUNDATION GIVES PART OF VENTURE INVESTMENT PROFIT TO UNIVERSITY OF WASHINGTON

SEATTLE -- The Washington Research Foundation (WRF), using part of the proceeds from its recent sale of Numinous Technologies, Inc., has donated $105,855 to the Department of Computer Science & Engineering at the University of Washington.

The money will be used to augment the department's computer graphics research activity. "This is particularly appropriate since Numinous had its roots in earlier graphics research at the university," said John Reagh, WRF project manager for Numinous.

Numinous, a start-up software company founded in 1996 around several software technologies developed at the University of Washington, was acquired by Microsoft Corp. in March. WRF assisted with formation of the company and provided venture capital funding.

"It has long been our intention to make gifts from our start-up company investment profits to the University of Washington and other research institutions in the state," said Ronald Howell, president of WRF.

WRF has invested nearly $3 million in seed money in eight start-up companies since its formation as an independent organization in 1981.

Washington Research Foundation
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