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

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

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 Supported|

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 […]

Wayne State U MTRAC awards spur biomedical innovation 

By | October 27th, 2016|Michigan, New Investments/Awards|

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 […]

Silicon Valley, Michigan Tech MTRAC Help Fast-Track Commercialization of Tech Research

By | September 19th, 2016|Michigan|

This is a key to early career success because graduate students help generate new knowledge, and new knowledge leads to research publications, the gold standard of professional recognition.  But Xiaohu Xia, an assistant professor in Michigan Tech’s Department of Chemistry, knew that he was not likely to do things in the normal fashion when he […]

Michigan Economic Development Corporation to provide more money for entrepreneurship, innovation 

By | September 15th, 2016|Michigan, State or Government Supported|

The Small Business Development Center, Invest Detroit, Automation Alley and TechTownare some of the beneficiaries of a budget increase for support of entrepreneurship and innovation by the Michigan Economic Development Corp. for the fiscal year that begins Oct. 1.

According to Emily Guerrant, MEDC vice president of marketing, the budget for entrepreneurship […]

Proposed $100 million public-private partnership would seed new Michigan VC funds

By | July 28th, 2016|Michigan, State or Government Supported, Venture Capital|

The trade group for venture capitalists in Michigan wants to form a $100 million fund to match millions in private capital with public investment. 

Under the proposal that’s being pushed by the Michigan Venture Capital Association, private investors would put $75 million into a fund to seed new venture capital […]

University of Michigan’s Social Venture Fund Announces Investment in Querium

By | June 3rd, 2016|Michigan, Student Funds|

The Social Venture Fund, a student-led venture fund within theSamuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies at the University of Michigan’s Stephen M. Ross School of Business, today announced that it has participated […]

Michigan Accelerator Fund seeks $5 million raise for tack-on fund

By | May 17th, 2016|Michigan, State or Government Supported|

The managers of Michigan Accelerator Fund I are seeking to raise up to $5 million from investors to provide further financial backing to portfolio companies.

Four of the Grand Rapids-based venture capital fund’s eight existing portfolio companies may need additional capital in the near future, said co-Managing Director Dale Grogan. Capital raised for […]

New  $3M University of Michigan fund launched to accelerate engineering, medical translational research products

By | April 25th, 2016|Hospitals, Michigan, Translational Research|

The University of Michigan has launched the Monroe-Brown Seed Fund, a new funding vehicle designed to advance the process of transitioning commercially viable engineering and medical research projects to market.

The fund, approved today by the U-M Board of Regents, is a collaboration between the U-M College of Engineering’s Center for Entrepreneurship and the […]