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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 […]

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

By | April 21st, 2016|Foundation-support, Michigan, Venture Capital|

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.

Zells donate $60 million to University of Michigan, support funds

By | July 16th, 2015|Michigan|

The University of Michigan’s business school is set to receive $60 million from the Zell Family Foundation, which has now donated more than $150 million to the university over the years.

The money will go to extend programs at the Samuel Zell and Robert H. Lurie Institute for Entrepreneurial Studies and create new ones.

“This gift generates […]

University of Michigan’s Zell Lurie Commercialization Fund Invests in Reveal Design Automation

By | July 8th, 2015|Michigan, Student Funds|

The Zell Lurie Commercialization Fund, in collaboration with 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 it has invested in Reveal Design Automation, an Electronic Design Automation (EDA) start-up developing software tools for formal verification of complex semiconductor […]

Ford planning significant investments in research, engineering – News – Press and Guide

By | June 23rd, 2015|Corporate, Michigan|

It is rumored that Ford Motor Co.plans to invest $1 billion in its Research and Engineering Center campus. Unnamed real estate sources told Crain’s Detroit Business that Ford issued a request for proposal in November. Crain’s obtained a copy of the RFP which […]

Ford planning significant investments in research, engineering – News – Press and Guide

By | June 23rd, 2015|Corporate, Michigan|

It is rumored that Ford Motor Co.plans to invest $1 billion in its Research and Engineering Center campus. Unnamed real estate sources told Crain’s Detroit Business that Ford issued a request for proposal in November. Crain’s obtained a copy of the RFP which […]

5 early-stage tech companies get $3 million from Michigan Pre-Seed Fund 2.0

By | June 1st, 2015|Michigan, New Investments/Awards|

Detroit-based Invest Michigan has announced investments totaling $325,000 in five early-stage tech companies from its Michigan Pre-Seed Fund 2.0. That investment went along with matching investments from other sources of $2.7 million.

Since its launch last June, the $6.8 million fund has invested in 18 early-stage tech companies in the state.

The current round of funding went […]

U-M spinoff Arborlight gets $1.7M in VC funding to commercialize new lighting technology

By | March 30th, 2015|Michigan|

Arborlight wants every indoor space to be able to reap the benefits of natural — or as close to natural — sunlight, and thanks to a $1.7 million venture capital investment, the company is one step closer to that goal.

The Ann Arbor-based technology company recently announced that it landed the investment, led by the Michigan […]

Phasing Out Michigan Venture Fund Would Hurt State’s Efforts To Help Entrepreneurs

By | March 30th, 2015|Michigan|

Jim Adox, Chairman of the Michigan Venture Capital Association, and Managing Director of Venture Investors LLC, said phasing out the Venture Michigan Fund – as proposed by the Michigan House Commerce and Trade Committee this week – would have a tremendous negative impact on the state’s efforts to make Michigan more entrepreneur friendly.

“In 2003, and […]

Fifth Third helps launch Wayne State University student-managed fund

By | December 3rd, 2014|Michigan|

Fifth Third Bank on Wednesday will donate $100,000 to the Wayne State University School of Business to fund creation of a student-managed investment fund.

“We’d like to build the fund as large as possible,” said Robert Forsythe, dean of the business school.

The fund, which will invest in public equities, will be managed by students taking a […]