Michigan State University Research Foundation
The Michigan State University Foundation, established in 1973 as a non-profit organization in Lansing, Michigan, is dedicated to the commercialization of innovative technologies developed by the university's faculty, staff, and students. Its primary mission is to foster research, innovation, and entrepreneurship at Michigan State University. The foundation manages an endowment generated from intellectual property licensing, providing over $15 million in annual research funding to the university. In addition to its core activities, the foundation oversees several subsidiary organizations, including Spartan Innovations, Red Cedar Ventures, and the Michigan Rise Pre-Seed Fund III, which focus on entrepreneurial support, early-stage venture funding, and the development of incubator facilities and innovation districts aimed at promoting economic growth.
Michigan State University, founded in 1855 and located in East Lansing, Michigan, is a comprehensive educational institution offering a wide range of undergraduate, graduate, and research programs across various fields, including business, humanities, science and technology, and public affairs. Its academic structure comprises several colleges, including the Eli Broad College of Business and the Eli Broad Graduate School of Management, among others. In addition to its educational mission, Michigan State University manages an endowment fund with $200 million in assets, employing alternative investment strategies such as buyouts, hedge funds, and venture capital. The endowment aims for a net internal rate of return of 10%, with allocations of up to 11% of total assets dedicated to alternative investments. This fund has been operational since 1988, highlighting the university's commitment to financial stewardship in support of its educational objectives.
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