U-M student start-ups take $98K from Michigan Business Challenge

With banks tightening credit lines and angel investors few and far between, local student-run start-ups are turning toward another source for seed capital – business plan competitions. The recent one at the University of Michigan recently shelled out nearly $100,000.

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More seed capital is creeping into the coffers of local start-ups now that the Michigan Business Challenge has awarded nearly $100,000 to student-led start-ups from the University of Michigan.

The Zell Lurie Institute for Entrepreneurial Studies at the U-M Ross School of Business awarded the grants to these new economy-based start-ups for excellence in new business plans and concepts. Eighty-five teams competed for the grants with a couple dozen walking away with money. That's a new record for the competition that is now in its fourth year.

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U-M student start-ups take $98K from Michigan Business Challenge

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