With Red Cedar Ventures, MSU looks to seed early-stage growth for university startups

EAST LANSING — A new venture capital firm formed by Michigan State University’s research foundation targets a critical need for early-stage capital for startups in the state.

The MSU Foundation created Red Cedar Ventures and its two funds to make pre-seed and follow-on investments in startups and technologies spun out of university labs. Red Cedar Ventures follows the MSU Foundation’s investment in the last four years of $2 million in pre-seed funding for more than 20 companies.

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