21 10, 2019

U-M creates investment fund to fill gap for early-stage capital for university startups 

By |2019-10-21T14:17:02+00:00October 21st, 2019|Michigan, Venture Fund|0 Comments

U-M Tech Transfer, the unit responsible for commercializing University of Michigan research discoveries and innovations, will create the Accelerate Blue Fund to provide seed capital to nascent U-M startup companies. Creation of the fund was approved Oct. 17 by the U-M Board of Regents. “There are enormous benefits to the university and our region in [...]

2 10, 2019

New $75 million VC fund aimed at health care to be run from Ann Arbor

By |2019-10-02T12:16:33+00:00October 2nd, 2019|Michigan, Venture Capital|0 Comments

Venture Investors LLC, a Madison, Wis.-based venture capital firm with an Ann Arbor office and a strong local presence, plans to announce Monday that it has closed on its latest fund, the $75 million Venture Investors Health Fund VI LP. "In our prior funds, we invested in a mix of health care and technology. For [...]

27 09, 2019

WSU MTRAC for Advanced Computing Innovation Hub Promotes High-Tech, Early-Stage Projects in Michigan

By |2019-09-27T10:00:11+00:00September 27th, 2019|Michigan, State or Government|0 Comments

The Michigan Translational Research and Commercialization (MTRAC) Innovation Hub for Advanced Computing Technologies at Wayne State University is bringing digital and computing technologies closer to commercialization. Funded by the Michigan Economic Development Corporation (MEDC) and run by the Wayne State University Technology Commercialization Office, the hub will review applications for projects addressing future or poorly met market needs [...]

22 05, 2019

MSU’s student-led VC fund offers new hands-on learning

By |2019-05-22T09:26:06+00:00May 22nd, 2019|Michigan, Student Funds, Venture Fund|0 Comments

With a new investment fund at Michigan State University, students can gain experience on either side of the venture capital industry. The Student Venture Capital Fund offers students with an idea for a business or an innovation “priceless” experience in seeking capital and pitching to prospective investors, said Jeff Wesley, the executive director of Red Cedar Ventures at [...]

17 04, 2019

MSU launches Student Venture Capital Fund within Broad College of Business

By |2019-04-17T17:03:53+00:00April 17th, 2019|Michigan, Student Funds|0 Comments

A new partnership between Red Cedar Ventures — the wholly owned venture investment subsidiary of the Michigan State University Foundation — and the Center for Venture Capital, Private Equity and Entrepreneurial Finance, or CVCPEEF, is now delivering venture funding experiences directly into the classroom. Launched in Spring 2019, students taking Entrepreneurial Finance will get a taste of the [...]

17 04, 2019

U Michigan chip design startup raises $6 million in venture funding 

By |2019-04-17T16:54:59+00:00April 17th, 2019|Michigan, New Investments/Awards|0 Comments

Movellus Inc., a University of Michigan startup, has secured $6 million in Series A venture funding for a total of $10 million so far. The company provides technology that helps accelerate and optimize semiconductor chip design. Its applications include cloud computing, the Internet of Things and artificial intelligence. The $6 million in funding was led [...]

27 02, 2019

University of Michigan to invest up to $20 million in four of its startups

By |2019-02-27T09:16:23+00:00February 27th, 2019|Michigan, New Investments/Awards, Venture Fund|0 Comments

ANN ARBOR—The University of Michigan will make a $2.75 million initial investment into four U-M startups with potential funding of up to $20 million through subsequent financing rounds. The U-M Board of Regents approved the investments Thursday through the Michigan Investment in New Technology Startups initiative. The MINTS fund, which is overseen by the U-M [...]

14 01, 2019

Escape Room + Travel, Yes! Student business accelerator launches ‘real-world escape room’ for travelers

By |2019-01-14T09:18:27+00:00January 14th, 2019|Michigan, Student Funds|0 Comments

Western Michigan University launched the Starting Gate, a student business accelerator, in 2013, when the school began to seriously address how to support the transfer of technology from university labs to the marketplace and help commercialize the aspirations of other would-be entrepreneurs on campus. Since then, it has helped launch 80 companies, held more than [...]

18 12, 2018

Michigan Strategic Fund Approves Extensions for Business Incubators, Grant Programs Supporting Early-Stage and Commercialization of Tech Companies

By |2018-12-18T13:29:05+00:00December 18th, 2018|Michigan, State or Government|0 Comments

Aimed at supporting the continued economic growth and stimulation of Michigan’s entrepreneurial ecosystem, the Michigan Strategic Fund (MSF)—administered by the Michigan Economic Development Corporation (MEDC)—has approved funding extensions totaling $1.8 million for six statewide programs. Each program strategically capitalizes on resources allocated through state funding to promote early-stage startups and the commercialization of cutting-edge technologies. [...]

12 11, 2018

Michigan State U opens accelerator center for food development, commercial distribution

By |2018-11-12T10:57:27+00:00November 12th, 2018|Accelerator/incubator, Michigan|0 Comments

Michigan State University (MSU) opened this week its new Food Processing and Innovation Center (FPIC), an incubator designed to help food businesses and startups develop and release products. Clients can rent the facility, then use it to produce, process and package their products for about $3,000 per day. The goal of the center is to [...]