Stories indexed with the term ‘start-up businesses’

Detroit Free Press columnist Tom Walsh interviews venture capitalist Scott Chou about comparing Ann Arbor and Silicon Valley. Walsh reports that Chou, co-founder of Michigan eLab, spoke to University of Michigan business students about the attraction of this area: “Everything is cheaper here. It’s a source of disruptive innovations. It’s a core center for research innovations – one of the top-funded universities in the country. There’s a lot of groundbreaking ideas and few venture capitalists here.” [Source]

Ten items disclosed under the state’s conflict-of-interest statute were authorized by the University of Michigan board of regents at their Nov. 15, 2012 meeting. The law requires that regents vote on potential conflict-of-interest disclosures related to university staff, faculty or students.

The items often involve technology licensing agreements or leases. This month, all items were approved unanimously and without discussion. They related to the following businesses and organizations: ImBio LLC, BHJ Tech Inc., Newline Builders, Arborlight LLC, Arbor Ultrasound Technologies LLC, HiperNap LLC, Inmatech Inc., the Institute for Social and Environmental Research Nepal, PsiKick Inc., and Lycera Inc.

By way of example, the Lycera disclosure is required because four people who have an ownership stake in the company – Gary Glick, Anthony Opipari, … [Full Story]

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]