Nucleus Fund

Nucleus Fund (Utah Innovation Fund, LLC) is a state-created investment vehicle that provides early-stage capital to deep-technology ventures emerging from Utah's universities and research institutions. Its mandate is narrow in origin and clear in intent: to move discoveries out of research settings and into the market, connecting work produced at state institutions with global markets. The fund operates from Utah, United States.

Investment activity concentrates on deep tech and on spinouts from higher education and research institutions. Beyond financing, Nucleus Fund supplements capital with mentorship, access to networks, and practical commercialization resources - support designed to help founders progress from the lab toward a business launch. This combination of early capital and hands-on commercialisation assistance distinguishes the vehicle from purely financial early-stage investors, and reflects its position as an instrument of state economic policy as much as a fund.

The stated objectives are economic, scientific and social returns for Utah, with an explicit mission to accelerate the state's economy. Founding year, team size, fund size and check sizes are not disclosed.