Tech Transfer eNews Blog
University-Industry Engagement Advisor

U of Michigan to invest up to $20 million in four of its start-ups


By Jesse Schwartz
Published: February 27th, 2019

The University of Michigan (U-M) plans to invest up to $20 million in four of its start-ups. The investments will be delivered through the Michigan Investment New Technology Startups  (MINT) fund, launched in 2011 to invest directly in technologies developed by U-M researchers. The university has committed an initial $2.75 million to the four start-ups, ranging from $500,000 to $1 million per start-up.

“The university’s commitment to supporting the success of its startup companies ensures that research discoveries created on campus have the opportunity to be brought to the market as new products that will improve our quality of life and enhance societal well-being,” says Kelly Sexton, associate vice president for research-technology transfer and innovation partnerships at U-M.

The funded start-ups include MemryX, which has developed an in-memory computing system built to significantly outperform current computing systems for data-intensive tasks; Ripple Science, a software company focused on facilitating the recruitment and management of participants in research studies; GreenMark Biomedical, which focuses on minimally invasive diagnosis and treatment for tooth decay; and Give and Take, a software company that supports collaboration and problems solving in a range of workplaces.

“These four investments in start-up companies located in Ann Arbor will accelerate the growth of our region’s entrepreneurial ecosystem,” says Kelly.

Wayne Baker, co-founder of Give and Take, comments, “I am thrilled to have my university involved. My dream is it would be useful to the university.”

Source: Michigan News

Posted under: Tech Transfer e-News

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