“Student-run fund invests in local startups”

The Zell Lurie Commercialization Fund was recently featured in Michigan Daily as a source of funding for the Ann Arbor start-up community. Below is an excerpt from the piece.

“Though startups in Ann Arbor and within the University community are notably diverse, they have a familiar source of funding to turn to.

The Zell Lurie Commercialization Fund, which was founded in 2005 and is part of the Zell Lurie invests in University affiliated startups and independent startups, within or close to Ann Arbor. The fund consists of 25 MBA and doctoral students who make up four different teams —cleantech, consumer, healthcare, technology — each specializing in different kinds of startups.

Rackham student Ray Gallagher, who joined fund in fall 2012 and who led the investment in the technology startup AdAdapted, which was finalized this January, said the companies that come looking for funds usually seek amounts ranging between $100,000 and $600,000.”

To finish reading the article, visit http://www.michigandaily.com/blog/wire/student-run-fund-invests-local-startups.

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