University of Michigan, Michigan State target funds for Venture Capital from endowments 

The University of Michigan‘s endowment has bolstered its alternative assets with more than $100 million in commitments to venture capital and real estate funds. Separately, Michigan State University reported its latest endowment strategies. The school doubled its commitment to $60 million to an outperforming alternative investment fund run byDrake Capital Advisors. UM plans a new […]

U Michigan’s Student-led Social Venture Fund Invests In Mytonomy

ANN ARBOR, Mich., April 18, 2013 /PRNewswire via COMTEX/ — Student-led fund participates in seed funding for high-growth edtech start up The Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies at the University of Michigan’s Stephen M. Ross School of Business today announced that its Social Venture Fund, the nation’s first student-led impact […]

New $7.5M fund will help U Michigan accelerate medical technologies

A new $7.5 million fund will help U-M medical discoveries make the leap from the laboratory to the market, accelerating their potential to help patients. Funded in part by a new $2.4 million grant from the Michigan Economic Development Corporation’s 21st Century Jobs Fund, the new effort will help the U-M Medical School and U-M […]

Detroit Innovate targets young technologies, university start-ups

A new seed-stage fund called Detroit Innovate, which intends to help launch technology companies in Southeast Michigan and invest in existing young companies, is scheduled to be announced today. The fund has received $5 million from the New Economy Initiative for Southeast Michigan and hopes to raise at least $10 million from other state foundations.

Michigan’s Pre-seed Capital Fund invests $1M in four companies

Four Michigan companies recently received investments from the Michigan Pre-Seed Capital Fund, totaling $1 million. To date, the Michigan Pre-Seed Capital Fund, a collaborative effort of Michigan’s SmartZones to support start-ups’ product commercialization, has awarded 83 Michigan companies with seed funding totaling more than $19 million.

U Michigan’s student-led Frankel Fund realizes acquisition of portfolio company, Arbor Photonics

The Frankel Commercialization Fund, in collaboration with The Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies at the University of Michigan Ross School of Business, today announced that Arbor Photonics, a portfolio company of the fund, has been acquired by nLIGHT Corp., an industry leader in solid-state high performance lasers. Ann Arbor-based Arbor Photonics offers a […]

U-M’s New Drug Discovery Center to Commercialize Research; provide seed grants

Last week, the University of Michigan announced a new Center for the Discovery of New Medicines (CDNM) to help speed the school’s research findings to the marketplace. The new initiative is a cross-departmental effort to leverage resources like former Pfizer researchers, unique libraries of compounds, and a culture of data sharing to streamline early-stage drug discovery in an age where big pharma is increasingly […]

Wolverine Fund, Social Ventures Fund, and more student-led initiatives at U Michigan

Talk about the current state of venture capital in North America and states like California and Massachusetts are immediately invoked. Have a conversation about building the venture capital communities of tomorrow, and you might be surprised to hear Michigan’s name surface. The University of Michigan’s Ross School of Business is a pioneer is creating student-run […]