Wayne State University

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Wayne State University

Public Relations

Media Report

April 6, 2012

WSU sets up Warrior Fund to provide microgrants to new entrepreneurs

http://semichiganstartup.com/InTheNews/warriorfundwaynestateuniversity032712.aspx

Another funding option for aspiring entrepreneurs is launching out of Midtown, Detroit: the Warrior Fund. The Warrior Fund is a new pre-seed investment fund focused on providing small amounts of cash (three- and four-figure loans) to Wayne State University students who want to launch tech start-ups. "It's focused on Wayne State No. 1," says Andrew Olson, commercialization principal of Wayne State University's Office of Technology Commercialization. "We have a number of entrepreneurial programs on campus, like Blackstone LaunchPad. But like a lot of entrepreneurial programs, they can't write checks." The plan is to distribute the $25,000 fund over the next 12 months to help a handful of aspiring studentpreneurs.

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