The UVA Fund, founded in 1977, focuses on supporting faculty research, scholarships, and innovation projects at the University of Virginia. They aim to build communities within and outside the university and have received over 3,500 donations and provided over 4,000 gifts. With a preference for companies in technologies, cybersecurity, and medical devices, the fund typically invests in startups that are 6-10 years old and have a specific number of founders. They have had successful investments in companies like RxRevu and are often financed by organizations like UnityPoint Health and UCHealth. The fund is active in 2-6 deals per year, with investments ranging from $10-50 million.