The Michigan Biomedical Venture Fund (MBVF), a collaboration between FFMI and the College of Engineering’s Center for Entrepreneurship, is a funding vehicle designed to advance the process of transitioning commercially viable biomedical and healthcare projects to market.
With a $3 million gift from the Monroe-Brown Foundation, the MBVF awards $50,000-$300,000 to biomedical startup companies with U-M licensed technology in the domain of therapeutics, devices, diagnostics, or health IT. Such seed grants are designed to accelerate the commercialization of biomedical research, to provide unique educational opportunities for researchers and students, and, ultimately, to positively impact patient care.
Most applicants need to successfully complete an existing U-M translational program such as Coulter, MTRAC, NSF I-Corps and/or be recommended by the Deal Flow Council (DFC). Companies can also directly apply after consulting with the Program Manager. Applicants are required to complete the 3-4 page proposal and submit any relevant material. CLICK HERE for additional fund information.
Deal Flow Council Members
The Deal Flow Council (DFC) is comprised of 4-7 members that review applications, as well as recommend U-M start-ups to consider for funding. DFC members include individuals that are closely connected to U-M research and innovation, and U-M translational programs, eg: Office of Tech Transfer Licensing and the Venture Center, I-Corps, Med and CoE units (including the department chairs), U-M MTRAC for Life Sciences Innovation Hub, and the Coulter Program. DFC members are:
- Drew Bennett, M.B.A., Licensing, U-M Technology Transfer
- Charles Cole, M.B.A., Venture Center, U-M Technology Transfer
- Jonathan Fay, Ph.D., I-Corps, U-M Center for Entrepreneurship
- Tom Marten, M.B.A., Coulter Program, U-M Biomedical Engineering
- Brad Martin, Ph.D., U-M MTRAC for Life Sciences Innovation Hub, Fast Forward Medical Innovation
- Mike Psarouthakis, M.B.A., M.S., Venture Center, U-M Technology Transfer
- Dave Repp, M.B.A., M.S., Venture Center, U-M Technology Transfer
Investment Advisory Board Members
The Investment Advisory Board (IAB) is comprised of 7-10 members and advises on all investment decisions. IAB members include individuals with domain expertise, successful venture capitalists, entrepreneurs, and other investors in healthcare and biotech. Members do not have an official U-M appointment or specific ties to existing U-M funding programs (one representative is appointed to the IAB by the U-M Investment Office). The IAB is operationally independent from the Deal Flow Council. IAB Board Members are:
- Keith Brophy, M.S.I.S., Director of Business Lab, Blue Cross Blue Shield Emerging Markets
- Rafael Castilla, J.D., Director of Investments and Structuring, U-M Investment Office
- Robin Damschroder, Interim CFO, Henry Ford Hospital
- Brian Gallagher, M.S., Ph.D., Partner, SR One
- David Gregorka, M.S., M.B.A., Venture Partner, Baird Capital
- Rekha Hemrajani, M.S., COO FLXBio
- Dan Kidle, B.B.A., M.B.A., Principal, Arboretum Ventures
- Jason Lettman, M.B.A., Partner, Lightstone Ventures
- Julia Owens, Ph.D., President & CEO, Millendo Therapeutics
Ann Arbor, MI
Stephen Benoit, President & CEO
Leveraging the world-renowned research of founder Dan Lawrence in serpin biology. MDI Therapeutics has discovered a new class of small molecule inhibitors of plasminogen activator inhibitor-type 1 (PAI-1) for the treatment of fibrosis.
Ann Arbor, MI
Mehrzad Samedi, CEO and Co-founder
Parabricks helps companies and researchers sequence whole human genomes 48x faster than conventional next-generation sequencing pipelines saving on computation costs with faster throughputs.
Have questions about the Michigan Biomedical Venture Fund? Contact Hirak Parikh, Program Manager, at firstname.lastname@example.org or 734-647-7459.