Three Michigan Venture Funds Call For SubmissionsBy Amanda Lewan on October 2nd, 2014 /
The University of Michigan is at it again, supporting local startups and innovation in the state. The university announced today three student-led venture funds: the Social Venture Fund, the Zell Commercialization Fund, and the Wolverine Venture Fund currently seeking investment submissions.
Together, these funds have more than $7 million under management. All of the funds are aiming to invest in early-stage companies seeking seed or Series A investments, and have different focuses.
Social Venture Fund is for early-stage investments of up to $100,000 in sustainable, for-profit organizations with a significant social impact at the heart of their mission. You can submit a 3-4 page business plan by Wednesday, Oct. 15, 2014.
Zell Commercialization Fund is a Pre-seed investment fund that identifies and accelerates the commercialization of great ideas generated within the University community. You can submit business plans and relevant details through this link.
Wolverine Venture Fund is a fund that invests in early-stage, fast-growth companies raising priced venture capital rounds. Startups can submt a business plan, financial information, cap table and other relevant documents on the Fund’s website. This fund has a rolling deadline but asks that you have a lead investor or syndicate partners lined up.
Together these three three funds give more than 90 graduate students from multiple disciplines experience in venture capital investing, from negotiating investments to evaluating the performance of portfolio companies.
It’s great to see a program that provides realistic experience in the world of investment. The University of Michigan is a great example of fostering interest in entrepreneurship.
We hope you apply to some of the funds above if they’re a fit for you. Keep us posted on other Michigan Startups coming out of your city.