Stories indexed with the term ‘UM technology transfer’

A new initiative – the Michigan Investment in New Technology Startups (MINTS) was approved by University of Michigan regents at their Dec. 15, 2011 board meeting. Plans for the initiative had been announced in early October by UM president Mary Sue Coleman in her annual address to campus.

In addition to approval for the overall program, regents also approved guidelines for MINTS. Managed by UM’s investment office as well as the office of technology transfer, the program involves investing in start-up companies formed using UM technology. It’s estimated that over 10 years, the program will invest about $25 million from the university’s long-term portfolio. According to a staff memo, the investments would be part of the portfolio’s venture capital sub-portfolio. A limit … [Full Story]

A new University of Michigan joint master’s degree in entrepreneurship – a partnership of the college of engineering and Ross business school – was approved by the UM board of regents at their July 21, 2011 meeting. The degree program has been in development for more than two years. According to a staff report on the proposal, the “primary objective of this program is to arm students with the critical multidisciplinary knowledge necessary to create new technology-focused ventures, either as stand-alone entities or within established innovative organizations. Students will learn to create and capture value from novel technologies within the context of entrepreneurship.” [.pdf of full report]

The program was developed in partnership with UM’s office of technology transfer.

This brief was filed from the regents meeting in the boardroom of the Fleming administration building on UM’s Ann Arbor campus. A more detailed report will follow: [link] [Full Story]

University of Michigan engineering professor Ann Marie Sastry – CEO and co-founder of a hot, new automotive battery development company – sits shivering in her overcoat in the cold Cobo basement at the Detroit auto show.

But Sastry and her company, Ann Arbor-based Sakti3, is far from “out in the cold.” They are in the auto business for the long haul and do not plan on being relegated to a basement booth forever. Eventually, if all goes well, her company’s battery technology will be powering the cars upstairs on the main show floor’s Electric Avenue.

What is it about the “Eureka moment” in her UM lab that prompted her to help found a company two years ago? What is it that turned the heads and opened the wallets of the Michigan Economic Development Corp. and cleantech venture capitalist Vinod Khosla, who chipped in $2 million out the gate? What exactly is her company’s battery technology? [Full Story]

More than 250 people from academia, business, government and nonprofits packed the auditorium Monday afternoon at the Partnership for an Innovation Economy forum, hosted by the University of Michigan at its newly renovated art museum.

Throughout the two-hour event, The Chronicle learned, among other things: 1) which former Pfizer executive is a rugby referee, 2) which local power couples have relied on each other for advice, 3) who hosts one of the best holiday parties in Ann Arbor.

Of course, there was also much talk of UM’s role in economic development. [Full Story]