Description

• Invention-Focused: They primarily seek startups commercializing intellectual property (IP) or technologies created at Michigan State University.
• Submission: Interested founders can typically Submit Inquiries through the MSU Research Foundation or Innovation Center portals.
• Documentation: Typical requirements include a pitch deck, business plan, and technical validation of the underlying MSU technology.

Eligibility

• Core Requirement: Must be a startup emerging from Michigan State University (faculty, staff, or students) or commercializing MSU-licensed technology.
• Sector Focus: High-tech sectors including Life Sciences, HealthTech, Agriculture, and Engineering.
• Geography: Primarily focused on startups based in or having a significant impact on the State of Michigan. 

Process

1. Sourcing: Startups often originate from MSU’s research labs or are identified through the MSU Innovation Center.
2. Screening: Investment directors evaluate the technology’s commercial viability and market potential.
3. Diligence: A thorough review process involving MSU's ecosystem partners and external venture capital networks.
4. Investment: RCV acts as a "first check" or lead investor to help startups reach critical commercial milestones.

What an Applicant can Obtain

• Capital: Access to various funding pools, including the Pre-Seed Fund, Opportunity Fund, and the Michigan Rise Pre-Seed Fund.
• Ecosystem Access: Direct links to MSU's research labs, the Innovation Center, and state-wide economic development resources.
• Mentorship: Strategic guidance from seasoned venture partners and industry experts within the MSU Research Foundation.