U-M To Invest Up To $20 Million In Four UM Startups

Eligible startups primarily are those that have licensed technologies that originated in faculty labs. Once a startup has secured an initial round of funding from a qualifying independent venture capital firm, it is eligible for MINTS funding.

“The university’s commitment to supporting the success of its startup companies ensures that research discoveries created on campus have the opportunity be brought to the market as new products that will improve our quality of life and enhance societal well-being,” said Kelly Sexton, associate vice president for research-technology transfer and innovation partnerships at U-M.

U-M Tech Transfer as helped more than 129 startups launch since 2010. Of the four companies receiving the funding, one—GreenMark—is a tenant in the office’s accelerator space. And another—MemryX—plans to move in soon. Startups receiving U-M funding are: