The Michigan State University (MSU) Foundation has been named administrator of the Michigan Pre-Seed Fund III by the Michigan Economic Development Corporation (MEDC).
Founded in 1973, the MSU Foundation’s mission is to assist the university fulfill its land grant mission as it relates to economic development. The Pre-Seed III dollars will be deployed to early stage venture companies as either convertible notes, equity investments or SAFE agreements, and the size of the investments will vary depending on the opportunity.
The MSU Foundation’s Executive Director is David Washburn, a former Vice President of the University of Tennessee Research Foundation who moved to East Lansing in 2013.
To learn more about the fund, click here.