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University of Michigan Supports New Business Ventures Created by Their Researchers

University of Michigan LogoMany universities are very proud of their researchers, but not many are willing to back them up like the University of Michigan is currently doing. The school’s president, Mary Sue Coleman, announced on Wednesday that the school was starting an initiative that would help fund start-up companies that were developed through university research.

In the past, many higher education leaders have seen these types of investments as a good way to guarantee a company’s success, but they have only endorsed companies on a limited basis. Now, Michigan is starting to shake up this traditional view.

“Simply put, University of Michigan start-ups are a good financial opportunity,” Coleman said. “And the historical data have convinced us now to invest a small portion of the endowment in start-ups from all three campuses.”

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