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Michigan Venture Center
The One-Stop Hub for U-M Start-Up Venture opportunities




Jim O’Connell
Michigan Venture Center

  • Expand on existing Business Formation Group

  • Expand our mentoring and development talent

  • In-depth knowledge of our venture partners

     – be the “go-to” team for great venture opportunities

  • Leverage our University and external partnerships
Michigan Venture Center
• Leverage Current Strengths

   – Umich OTT top five nationally in all metrics

   – Core business formation staff

   – Team approach with licensing, legal, marketing

   – A focus on talent (utilizing alumni / local connections)

   – U-M internal partnering for innovation, translation research funds
     and student talent

   – External partnering for pre-seed funds, talent and business
     acceleration resources
Expanded Services to Consider

• Incubation facilities and equipment

• Business services (legal, accounting, business
  development)

• Post-Launch business development/expansion
Jim’s Opinion:
   Biggest Challenges to Creating
           More Ventures

• Fundable management


• 12- 18 Month “Gap” outside the university

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October 2010 - Michigan Energy Forum - Jim O'Connell

  • 1. Michigan Venture Center The One-Stop Hub for U-M Start-Up Venture opportunities Jim O’Connell
  • 2. Michigan Venture Center • Expand on existing Business Formation Group • Expand our mentoring and development talent • In-depth knowledge of our venture partners – be the “go-to” team for great venture opportunities • Leverage our University and external partnerships
  • 3. Michigan Venture Center • Leverage Current Strengths – Umich OTT top five nationally in all metrics – Core business formation staff – Team approach with licensing, legal, marketing – A focus on talent (utilizing alumni / local connections) – U-M internal partnering for innovation, translation research funds and student talent – External partnering for pre-seed funds, talent and business acceleration resources
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  • 15. Expanded Services to Consider • Incubation facilities and equipment • Business services (legal, accounting, business development) • Post-Launch business development/expansion
  • 16. Jim’s Opinion: Biggest Challenges to Creating More Ventures • Fundable management • 12- 18 Month “Gap” outside the university