Milton Chang

Milton Chang has an exceptional investment track record, and founded Incubic to institutionalize this approach in a venture capital firm. Milton has personally built two businesses from zero to successful IPO, as CEO. The proven ability to build true business from zero is distinct from operating experience, and is critical to the start-up process and success. As one measure of his investment experience, Milton has provided the first capital to nearly 20 successful companies, which may be an unparalleled record. Having been on both sides of the entrepreneur/investor relationship for many years, this experience very practically helps entrepreneurs lower the risks of starting their businesses, and supports sound investment decisions for Incubic. A few of Milton's successes include Newport Corporation, which he took public as its CEO in 1971, Uniphase (later JDS-Uniphase), where he provided the original seed capital and was on its Board of Directors, and New Focus (acquired by Bookham), which he founded in 1990 and took public in 2000. Milton currently sits on the Boards of AviaraDx, OpVista, and Rockwell Scientific. Milton earned a B.S. in EE with highest honors from the University of Illinois, and M.S. and Ph.D. degrees in EE from the California Institute of Technology and attended the Harvard OPM Program. He has received the Distinguished Alumni Award from both the University of Illinois and Caltech and was recently elected a member of the Board of Trustees of Caltech and an Overseer of the Huntington Library.