MSU Foundation's Red Cedar Ventures has secured the services of Prem Bodagala, previously of Invest Michigan, as director.
Prem Bodagala (pictured) has been appointed director of Red Cedar Ventures, an early-stage venture arm of Michigan State University (MSU) Foundation, the university’s nonprofit affiliate.
Red Cedar Ventures was seeded in late 2016 with $5m to supply MSU-related businesses with gap funding and growth-stage capital.
Bodagala began in his new post in October 2019 following a three-month appointment with Red Cedar as entrepreneur-in-residence, having joined from state government-backed agency Invest Michigan in July 2019 after more than two…
