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Top 5 investments UM missed out on before deciding to fund its own startups
October 11, 2011 /
It took several years for Ann Arbor venture capitalists and economic development officials to convince the University of Michigan to pry open its endowment and invest in its own entrepreneurial companies.
U-M announced last Wednesday that it would set aside $25 million of its $7.8 billion endowment to invest in its own spinoff companies. They’ll be eligible for up to $500,000 apiece after they’ve secured investment from an outside venture capital source. Investors applauded the move.
Nathan Bomey
MATR Supporters (view all)
Posted in: Incubators and R&D
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