Pre-Seed Venture Fund for students launches at Wayne State University
Wayne State University has launched a $25,000 student pre-seed investment fund backed by the Michigan Initiative for Innovation & Entrepreneurship. The Warrior Fund aims to support student start-ups and nurture novel technologies created at Wayne State. It will attract student entrepreneurs of varying backgrounds and empower them to build bold ideas and explore technology-based business opportunities. The fund will invite WSU student teams to pitch their business ideas to a panel of judges. The result will be five to 10 teams of students being awarded up to $5,000 in startup capital. Potential student entrepreneurs will be guided by a Warrior Fund committee that includes Andrew Olson, commercialization principal at WSU; Aubrey Agee, senior program administrator of the Blackstone LaunchPad at WSU; and William Volz, professor of business law and ethics at WSU's School of Business Administration and executive director of WSU's Blackstone LaunchPad.