Generally most major universities have systems in place for licensing work back to researchers and often have biz dev teams to help researchers spin of research

Generally most major universities have systems in place for licensing work back to researchers and often have biz dev teams to help researchers spin of research into companies. In terms of VCs it would depend what sector you're in. In for example clean energy and pharmaceuticals funding research is par for the course, but for a web app you've got little to no chance.