FLINT, Mich. (WNEM) – Governor Gretchen Whitmer and the Michigan Strategic Fund announced $400,000 in funding for the University of Michigan-Flint.

According to the governor’s office, the funding will be used for startup support services to boost entrepreneurial capacity and build a pipeline of evergreen funds.

The University of Michigan-Flint and 12 others were chosen out of 100 applicants to receive part of $4.2 million in funding from the first-ever Michigan Innovation Fund (MIF). It represents the last tranche of money to be disbursed into the startup and innovation ecosystem from the MIF that was signed into law earlier this year, the governor’s office said.

The governor’s office said the funding matters because by supporting innovators and entrepreneurs in the state, Michigan can grow its population by attracting new and retaining existing residents, as well as promoting our research universities through commercialization of concepts and more.

Full story: University of Michigan-Flint given $400,000 from state for startup support services