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The phrase "venture to speculate" is correct and usable in written English
You can use this phrase when expressing an opinion or hypothesis that is based on limited evidence. For example, "Given the amount of time that he has been gone, I venture to speculate that he is in trouble."
Exact(5)
Now I don't know much about government-funded organisations outside of HE, but I'd venture to speculate that this may be true in other bureaucratic regimes.
Mr. Muldoon didn't venture to speculate on what an attraction to these poets might say about Ms. Bruni, but noted: "Thematically, there does seem to be a wistfulness throughout these choices, a sighing either for what was or what might have been.
Last month the US pensions giant TIAA-CREF – founded in 1918 by philanthropist Andrew Carnegie to provide pensions for Americans working in the arts, education and medicine – combined its property investment business with that of Henderson Global Investors, creating a £13bn venture to speculate in land and buildings worldwide.
Indeed I'd venture to speculate that shakshuka was exactly what the Jewish slaves ate -- or should have eaten -- with their unleavened bread as they fled Egypt.
The bipartisanship is happening, I venture to speculate, because this team of House members -- a Democratic freshman and a Republican sophomore -- determined that they came to Washington to get things done and they dared to lead on a policy issue that is vitally important to their families, their districts and the nation.
Similar(55)
Stoller rattles an even more fundamental cultural presupposition by boldly venturing to speculate that the very essence of sexual excitement is hostility.
And then Davis ventured to speculate: "Now, if she does something like cancel domestic partner benefits, which was just done by executive order, I think you'll see a lot of outside money show up in New Mexico to go against her and make that a national issue".
Three years earlier, in the review "Mr. Kean's Iago" in The Examiner (7 August 1814), Hazlitt had ventured to speculate that Iago's suggestions of lasciviousness in Desdemona may have had some basis in truth, as "purity and grossness sometimes 'nearly are allied,/And thin partitions do their bounds divide.
Commemorating Mozart in 1991, he ventures beyond 'intellectual respectability' to speculate about the 'metaphysical aura' of the prodigy and the 'transcendent' origins of his gift.
After five years, this is their first new venture – I don't want to speculate about rollouts, not least because I'm not sure anyone could afford the marble, but if they did embark on an expansion plan, anyone lucky enough to welcome a Padella to their neighbourhood should immediately put out the bunting.
The home government seldom cooperated, and French investors on the whole declined to speculate in overseas ventures.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com