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University of Michigan

Description:  The MINTS initiative is a $25m venture fund for the University of Michigan to leverage commercialization efforts by the Office of Technology Transfer (OTT) for investment purposes while demonstrating support for U-M start-ups. The program will be managed by the University’s Investment office, with the support of OTT and the General Counsel’s Office, as part of the University’s long-term portfolio of investments.

Eligibility: Investments made under this initiative would apply primarily to those startups that have licensed technologies that originated in U-M faculty labs. Investments would be made subsequent to the initial round of funding, and where an independent professional venture capital investment firm is also participating.

Funding: Up to $500,000

Timing: Ongoing

Sponsoring Entity: University of Michigan