Michigan State University Foundation Launches $5M Venture Fund, Red Cedar Ventures LLC

Newest subsidiary dedicates pre-seed and follow-on funding to MSU-based startups, technology commercialization

LANSING, Mich., Nov. 16, 2016 /PRNewswire/ -- The Michigan State University Foundation (MSUF) announced today the formation of its new, $5M venture investing subsidiary, Red Cedar Ventures. Its newest program features both a pre-seed fund and an opportunity fund focused on helping Michigan State University-based startups and technologies overcome critical funding gaps, accelerate growth, and provide follow-on, growth-stage capital.

Read the full story at Crain's Detroit Business.