When the next breakthrough technology is conceived on a university campus, pondered over in a late-night study session or discovered in a laboratory, its inventor will have a better reason to stay connected to the Detroit area.
The Warrior Fund, a new pre-seed investment fund launched this month at Wayne State University with backing from the Michigan Initiative for Innovation & Entrepreneurship (MIIE), is poised to spur innovation among Wayne State University students.
The 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 $25,000 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.
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