A $60 million gift is headed to the University of Michigan’s business school to extend an entrepreneurial studies programs and create a $10 million seed fund for student business ventures.
The University of Michigan’s Ross School of Business announced this week that its Zell Lurie Commercialization Fund has invested in a spinoff from the school, Reveal Design Automation Inc.
The University of Michigan’s Zell Lurie Commercialization Fund announced Tuesday it had made a $50,000 investment in Ann Arbor-based Reveal Design Automation, an Ann Arbor-based startup.
The funds, coming from the Zell Family Foundation, will go to the Samuel Zell and Robert H. Lurie Institute for Entrepreneurial Studies at University of Michigan's Ross School of Business.
The Ross school at the University of Michigan has received a pledge of $60m from the Zell family to extend programmes at the school’s entrepreneurship centre, which already bears the Zell name.
