MEDC MTRAC Advanced transportation technology projects receive $600,000 in grants

By | August 1st, 2017|Michigan, New Investments/Awards, State or Government|

Seven advanced transportation technology projects have secured a share of $600,000 in grants that intend to help developers and researchers commercialize their product.

The grant is funded in part by Michigan Translational Research and Commercialization’s advanced transportation innovation hub at the University of Michigan and the Michigan Economic Development Corp.’s Entrepreneur and Innovation initiative.

Five projects will […]

New State Fund Helps Commercialize Early Tech from MI Universities

By | June 1st, 2017|Michigan, State or Government|

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 […]

2 tech startups win $125,000 from Macomb Innovation Fund 

By | June 1st, 2017|Michigan|

Two technology startups in Oakland Country are receiving a $125,000 boost from the Macomb Innovation Fund.

Funded by Macomb Community College’s Strategic Fund and part of J.P. Morgan Chase’s $150 million commitment to Detroit’s economic recovery, the award is designed to advance progress of larger scale funding for startup companies with high […]

Michigan Economic Development Corporation offers funding to stimulate startups 

By | May 9th, 2017|Michigan, State or Government|

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 along […]

U-M undergrad venture fund makes first investment 

By | May 1st, 2017|Michigan, New Investments/Awards, Student Funds|

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 School […]

Innovation hub at Michigan Tech University bridges “Valley of Death” 

By | March 8th, 2017|Michigan|

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 […]

University of Michigan, Michigan Tech designated as Innovation Hubs in MEDC’s statewide MTRAC program

By | March 2nd, 2017|Michigan, State or Government|

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 […]

Over $2 million in funding announced for biomedical innovations across the State of Michigan

By | February 3rd, 2017|Michigan, State or Government|

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 these […]

New Michigan state-backed funds to deploy $4.2 million to early-stage companies

By | January 10th, 2017|Michigan, State or Government|

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 […]

Michigan State University Foundation Launches $5M Venture Fund, Red Cedar Ventures LLC

By | November 17th, 2016|Michigan, New Fund Announcement, Venture Capital|

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 […]

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