The US university claims to be ranked second in the US for company formation.

University of Michigan
Angel Hall building, University of Michigan campus. Credit: Andrew Home, Creative Commons

The University of Michigan’s investment fund, Accelerate Blue Fund, will receive a capital injection of about $10m from the US state government.

The extra cash for research commercialisation is part of a package of bills recently passed by the state legislature.

The Accelerate Blue Fund was set up in 2019 to invest in the US university’s licensed spinouts. It was formed to fill the gap between a company’s launch and its ability to attract venture capital funding.

The fund is managed by Innovation Partnerships, a unit in the university’s office of the vice president for research.

The University of Michigan is also part of the $5m Michigan University Innovation Capital Fund, an investment vehicle that finances spinouts form the US state’s 15 public universities.



 

Kim Moore

Kim Moore is the editor of Global University Venturing and deputy editor of Global Corporate Venturing and produces video for the website.