A new pre-seed venture fund at the University of Michigan’s Innovation Partnerships has launched and is now accepting applications for investment opportunities.
The Michigan University Innovation Capital Fund focuses on investing in Michigan startup companies that have a license to commercialize university technologies from one of the state’s 15 public universities.
Announced in January 2024 by Michigan Lt. Gov. Garlin Gilchrist II, the MUICF will focus on early-stage technology and life sciences companies typically seeking their first investment capital. Companies seeking investment must be operating within the state of Michigan and have a license to commercialize technology from any public Michigan university. With $5 million under management, expected initial investments by the MUICF will be between $50,000 to $250,000.
Full story: Michigan University Innovation Capital Fund now accepting applications | University of Michigan News
