Spartan Innovations will provide university-wide entrepreneurship education, stipends to support student start-up business participation, chief executive mentors-in-residence to help manage start-ups and take MSU technology to market, access to a network of external angel and early-stage investors, and gap funding from the $350m MSU Foundation.

US-based Michigan State University (MSU) has set up Spartan Innovations to help its faculty and students form spin-off companies.

Spartan Innovations will provide university-wide entrepreneurship education, stipends to support student start-up business participation, chief executive mentors-in-residence to help manage start-ups and take MSU technology to market, access to a network of external angel and early-stage investors, and gap funding from the $350m MSU Foundation.

Charley Hasemann, executive director of the MSU Innovation Center, said: "We want to pull together all the pieces that cause entrepreneurial excitement.

"The gap funding will make the startups more attractive to VCs because we’ll have some skin in the game ourselves."

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