Michigan University’s $25m venture fund, the Michigan Investment in New Technology Startups (MINTS) initiative, has made 11 investments since launching in 2011, totalling $6.9m.
The fund targets spin-outs from the university, as well as companies using technology licensed from Michigan. Potential candidates must secure outside venture capital before becoming eligible for MINTS funding.
Last year, MINTS backed Crossbar, a spin-out developing random access memory (RAM) technology, as part of a series C round. It also joined university investment consortium Osage…
