Wayne State MTRAC-funded project uses computer-assisted technology to mitigate surgical bleeding
Intraoperative hemorrhage — colloquially known as “bleeding out” — is a leading cause of death in operating rooms around the world. It is estimated that at least 75% of this surgical complication is due to human or technical factors in anesthesia, blood transfusions or the surgical procedure itself. Other causes may include structural anomalies, drug-related […]
Seven ventures earn prizes at inaugural MSU $50K Venture Competition
Seven entrepreneurial ventures took home a share of more than $50,000 in prize money after participating in Montana State University’s inaugural $50K Venture Competition, which was held virtually last week in front of more than 150 people who watched online. The event featured seven finalists in the traditional venture category as well as seven finalists in the […]
University of Michigan to receive up to $130M to commercialize drug discovery
ANN ARBOR – The University of Michigan and health care investment firm Deerfield Management Co. announced Wednesday a new partnership with the aim of developing life-saving drugs and disease treatments. Deerfield has committed up to $130 million over the next decade in biomedical research at U-M. The collaboration includes the launch of Great Lakes Discoveries LLC, […]
Western Michigan University awards grants for five COVID-19 research projects
Western Michigan University (WMU) has announced that five research projects related to the COVID-19 pandemic will receive grant awards. WMU’s Office of Research and Innovation says the grants total $31,620 and are funded the Meader Presidential Endowment, which is a fund specifically “designated for promoting excellence at WMU.” “Our guiding principle was to advance excellence in the pursuit of knowledge […]
Michigan adds $950K funding for university tech commercialization
The state of Michigan has approved $950,000 in funding for commercialization of technologies developed at the public university level. In a series of the votes Tuesday, the board of the Michigan Strategic Fund approved the funds for the Michigan Translational Research and Commercialization, or MTRAC, state program grant. The funds will go to programs at Michigan State […]
MEDC Creates $3 Million Tech Startup Stabilization Fund To Support Second-Stage Companies
The Michigan Economic Development Corporation has created a $3 million Tech Startup Stabilization Fund to invest in early-stage tech startups in Michigan that are being impacted by the COVID-19 outbreak. Administered by ID Ventures , the Tech Startup Stabilization Fund will provide early-stage tech companies direct investments or loans that can be converted into equity. Investment and loan sizes […]
State Awards Pre-Seed Fund III to Michigan State University Foundation
EAST LANSING, Mich. –– The Michigan State University Foundation announced today that it has been named administrator of the Michigan Pre-Seed Fund III by the Michigan Economic Development Corporation (MEDC). The $3 million award, approved by the Michigan Strategic Fund, fits the non-profit mission of the MSU Foundation and will help further drive economic development by deploying this early […]
U Michigan’s Desai Accelerator announces new endowment funding, extended program
The University of Michigan’s Desai Accelerator has just announced two significant developments to expand the services it offers to early-stage tech startups. The Desai Accelerator Endowment Fund has been formed to fund the program, thanks to a donation from the Desai Sethi Family Foundation, and the length of the program is being extended. Angela Kujava, […]
U-M creates investment fund to fill gap for early-stage capital for university startups
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 […]
New $75 million VC fund aimed at health care to be run from Ann Arbor
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 […]