In a rare move for a university, U-M will for the first time directly invest in its own startup businesses, President Mary Sue Coleman announced today.
Through the Michigan Investment in New Technology Startups (MINTS) initiative, the university could inject up to $25 million during the next decade into select venture-funded U-M startups — new companies built around inventions born in faculty members' labs.
"We believe in the work of our researchers," Coleman said, "and we believe in delivering strong returns on our endowment."
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Author: Nicole Casal Moore
