I liked the detail about how the venture fund has to provide support and mentorship for entrepreneurs, not just provide funding. This is something that I believe is very important, since throwing away money on poorly managed ventures would actively harm the entrepreneurial spirit of my university.
I found interesting the fact that support is one of the critical factors of success. Having the support of the faculty allows you to move forward with the project. Support from peers could help with raising funds on and off-campus. I think new things and innovations always meet a lot of criticism, so researching peoples' interest in the subject is essential for the project.