New State Fund Helps Commercialize Early Tech from MI Universities
University technology transfer programs in Michigan now have a new pot of money to support their efforts, thanks to a fund supported by the Michigan Economic Development Corporation. The University Early Stage Proof of Concept Fund, also known as the Advance grant program, will help move research projects and technologies developed at Michigan universities from […]
Michigan Economic Development Corporation offers funding to stimulate startups
When it comes to entrepreneurship, the line from A to B rarely is a straight one. Therefore, the Michigan Economic Development Corp. developed a map to assist entrepreneurs at each stage to stay on track. The MEDC uses a subway map that outlines the path for entrepreneurs at each stage. The subway metaphor uses stops […]
U-M undergrad venture fund makes first investment
Benjamin Rathi, a business and computer science senior at the University of Michigan, already had a successful startup under his belt when he won a spot on the Zell Early Stage Fund as a junior. The fund, which launched in fall 2015 with a dozen juniors at the Zell Lurie Institute housed at the Ross […]
Innovation hub at Michigan Tech University bridges “Valley of Death”
They call it the “Valley of Death” — the gap in a project once a project is past the basic science but not far enough along for investors to jump in. Michigan Technological University will have a larger role in getting more of those ideas to market. This week, the Michigan Strategic Fund approved funding […]
University of Michigan, Michigan Tech designated as Innovation Hubs in MEDC’s statewide MTRAC program
Accelerating the creation and transfer of new technologies from research settings to practical real-world applications is the main focus of the innovation hubs at the University of Michigan’s College of Engineering and Michigan Technological University. With the Michigan Strategic Fund (MSF) board’s approval today, the U-M advanced transportation Hub and Michigan Tech’s advanced materials Hub […]
Over $2 million in funding announced for biomedical innovations across the State of Michigan
From an innovative coating for joint replacements, to a promising drug for the painful inflammatory disease scleroderma, 11 new biomedical ideas that emerged from research across Michigan have just gotten funding that could help them make the leap from lab to patient care. Over $2 million in funding has just flowed to the teams developing […]
New Michigan state-backed funds to deploy $4.2 million to early-stage companies
Detroit-based nonprofit will manage a new statewide fund created to provide needed early-stage capital to startups in Michigan. Despite the name and initiatives focused primarily on community development in its hometown, Invest Detroit will spread funding from the $4.2 million, two-year First Capital Fund across the state. Invest Detroit intends to meet regularly with Michigan’s […]
Michigan State University Venture Fund Startup Develops Smart Headband To Detect Head Impacts
The Michigan State University Foundation (MSUF) has announced its newest program, Red Cedar Ventures, which features a pre-seed fund and opportunity focused on helping Michigan State University-based startup companies. “We have been working hard to put together a campus-wide ecosystem for entrepreneurs that embraces all of the creative talents across the university,” MSU President Lou […]
Michigan State University Foundation Launches $5M Venture Fund, Red Cedar Ventures LLC
[fusion_text]The Michigan State University Foundation (MSUF) announced today the formation of its new, $5M venture investing subsidiary, Red Cedar Ventures. Its newest program features both a pre-seed fund and an opportunity fund focused on helping Michigan State University-based startups and technologies overcome critical funding gaps, accelerate growth, and provide follow-on, growth-stage capital. “We have been […]
Wayne State U MTRAC awards spur biomedical innovation
Five Wayne State University research teams were recently awarded funding from Wayne State’s Michigan Translational Research and Commercialization (MTRAC) program. The goal is to accelerate the translation and commercialization of their innovative biomedical technologies by providing the resources to validate technical and market opportunities. The MTRAC program is supported by a $1.07 million award from […]