Venture Capital
The University of Washington and three other universities have kicked off an effort to beef up the software engineering resources available to researchers, backed by a $40 million commitment from Schmidt Futures. The philanthropic organization founded by former Google CEO Eric Schmidt and his wife, Wendy Schmidt, announced the establishment of the Virtual Institute for Scientific Software this week. The institute’s four inaugural centers will be housed at UW, the University of Cambridge, Georgia Tech and Johns Hopkins University.