Fletcher McCusker: When Tech Launch was formed my partner Michael Deitch and I were running a public company. We had launched that company in Tucson, one of the few public companies to start up and launch here. And I had an extraordinary opportunity, I think, to be the first spin out of the Tech Launch era with a pharmacy company that ultimately became our pharmaceutical company Sinfonia. It's certainly been an extraordinary ride.
We were early, as I mentioned, in the Tech Launch experience, we were given the opportunity to really look at things that were developing on campus. And we met a young pharmacist named Kevin Boesen who at the time was managing this kind of skunk works unit out of the College of Pharmacy called the Medication Management Center. And what they were doing was comparing physician prescriptions to one another to see if there's anything going on that might be harmful or contra-indicated to the patient. What I learned at that time, 2013, and it's true today, 50%, that is five zero percent, of the prescriptions that are written by practicing physicians are problematic. They're the wrong diagnosis, the wrong medication, it interacts with something else the patient's taking that they didn't necessarily know about. So this was an extraordinary opportunity we saw to do something that was really important to the healthcare industry and was novel that nobody else was really doing this.
I think above David Allen's early involvement with us, the primary driver for what we do today is president Bobby Robbins. He talked about the struggles he had in Houston trying to put any kind of risk capital or venture capital together on behalf of his organization. And he really thought that we might have the capacity to do that. So at that dinner table downtown, downtown Tucson, we launched the idea to launch a fund dedicated to The University of Arizona research, available to our students, available to our faculty, available to our alum.
And as an alum and someone who treasures the University of Arizona, to have that kind of first mover opportunity was a huge honor for us. And those people now know where the fund is going on three years old. We've invested in 15 U of A related technology startups. All of them we think are world changing. We have extraordinary faculty partners and we've demonstrated to this campus, to this region, to this state, to our board of regions, that the university can make a difference with its product capacity, its science, and the opportunity we have to commercialize. It's just a real honor and a thrill for us to be involved. I wouldn't be here, period, except for David Allen and without president Robbin's vision and wisdom and foresight, this never would have come together.