ANN ARBOR — The Zell Lurie Founders Fund at the University of Michigan’s Zell Lurie Institute for Entrepreneurial Studies announced an investment in Neurable, a brain-computer interface technology startup.
ANN ARBOR — The Social Venture Fund, a student-led venture fund at the University of Michigan’s Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies, has invested in an early-stage bridge financing round for Austin, Texas0based Querium Corp.
Querium is an educational technology developer that uses artificial intelligence to provide students with step-by-step coaching for math, science and engineering.
The Social Venture Fund contributed $50,000 towards a total $720,000 convertible note round and was one of approximately 10 investors.
ANN ARBOR — The Social Venture Fund, a student-run venture capital fund at the University of Michgian, said it had participated in the Series B convertible note financing round for San Rafael, Calif.-based Conversa Health, a company developing software ot foster communications between hospitals and patients.
The Social Venture Fund invests in for-profit companies that place social and environmental impact at the heart of their business models. It’s managed by about 40 master’s and bachelor’s degree students in business administration, many of whom are pursuing dual-degrees with education, environment, health, law and public policy, along with faculty advisor Uday Rajan, the chair of the finance department at UM’s Ross School of Business.
ANN ARBOR — Two University of Michigan student-run startups were awarded large prizes in the Rice University Business Plan Competition, the world’s largest and richest graduate-level business plan event.
Neurable and PreDXion Bio, the two winning teams, both started their successful business plan competition seasons at the Michigan Business Challenge, a business plan competition run by UM’s Zell Lurie Institute for Entrepreneurial Studies. Together, they took home $430,000 in cash and investments from the Rice event, held in Houston, Texas over the weekend.
ANN ARBOR — The Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies at the University of Michigan’s Stephen M. Ross School of Business has kicked off its annual business plan competition, the Michigan Business Challenge.
Round one of the competition took place Dec. 4, where participating teams presented their pitch to a panel of judges, and several of the top teams will be selected to advance to round two to compete in January.
Now in its 33rd year, the event continues to thrive as interest in entrepreneurship at the collegiate level is growing rapidly across a wide variety of disciplines and student degree programs.
ANN ARBOR — The University of Michigan’s Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies has been named the nation’s No. 4 graduate entrepreneurship program and No. 7 undergraduate program in annual rankings released Tuesday by the Princeton Review and Entrepreneur Magazine.
It was the sixth consecutive year the Institute has placed among the top five graduate programs in the nation.
The institute is part of UM’s Ross School of Business.
ANN ARBOR — The University of Michigan’s Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies is joining forces with entrepreneurship programs across the university to host the annual entrepreneurial symposium “Entrepalooza” on Friday, September 25.
The theme of this year’s Entreprelooza is “Entrepreneurship Through The Kaleidoscope.” The event will explore how diversity in teams, ideas and backgrounds can empower an entrepreneurial journey.
ANN ARBOR — The Desai Family Accelerator, a joint venture between the University of Michigan’s Ross School of Business and the College of Engineering, announced the promising companies selected to participate in its inaugural cohort.
More than 70 technology-based startups submitted applications and the most promising six were chosen to move into the accelerator and take advantage of its services.
Of the applications, 42 percent were from Michigan-based companies, 19 percent were led by female founders and 31 percent had a connection to the University of Michigan.
ANN ARBOR — The Zell Lurie Institute for Entrepreneurial Studies at the University of Michigan’s Stephen M. Ross School of Business announced the winners of the 32nd annual Michigan Business Challenge, as well as recipients of the Applebaum Dare to Dream and Mayleben Family Venture Shaping Grants.
These business plan competition and grant programs, which recognize promising student-led startups, provided grants and funding totaling $129,500 this year.
ANN ARBOR — The University of Michigan’s Zell Lurie Institute for Entrepreneurial Studies announced that eight teams have been named semi-finalists of the annual university-wide Michigan Business Challenge. Four have also advanced to the competition’s Social Impact track finals.
More than 80 teams of UM applied and competed in Round 1 of this year’s multi-round business plan competition.