University of Michigan will supply an initial $2.75m in funding to MemryX, Ripple Science, GreenMark Biomedical, and Give and Take, and could invest as much as $20m altogether.

University of Michigan (U-M) yesterday confirmed it will invest a total of $2.75m in four of its spinouts, with up to $20m altogether available through follow-on rounds. The money will come from the Michigan Investment in New Technology Startups (Mints) fund, a vehicle managed by the U-M Investment Office that was launched in 2011 to…

The rest of this content is only accessible to Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.