EAST LANSING – The Renaissance Venture Capital Fund and the Michigan State University Foundation announced that Renaissance is opening its third office location at the East Lansing Technology Innovation Center, 325 E. Grand River Ave., Suite 300.
“Renaissance coming to the TIC means greater access to capital resources for area entrepreneurs,” said Jeff Smith, director of the University Corporate Research Park, the place-making arm of the MSU Foundation. “This activity strengthens mid-Michigan’s entrepreneurial ecosystem and tells the larger story about Michigan’s economic health and growth.”
The MSU Foundation’s economic development initiatives focus on taking MSU’s faculty and researchers’ technologies to market, investing in MSU student entrepreneurs, and working with area partners to build and grow the region’s robust, thriving culture of innovation.
“Our mission at Renaissance is to serve as a bridge between researchers, entrepreneurs, venture capitalists, and major corporations in Michigan,” said Renaissance CEO Chris Rizik. “We are impressed with the growth of innovation efforts at Michigan State University and are excited to extend our presence and network in the region.”
The TIC, managed and operated by the MSU Foundation, offers 7,000 square feet of office space, program support, and resources aimed at helping startups and early-stage companies flourish. The TIC is adjacent to the MSU Innovation Center.
Renaissance has other offices in Ann Arbor and Detroit. It was founded by Business Leaders for Michigan, the statewide organization of corporate and university CEOs. More at www.renvcf.com.
Established in 1973 as an independent, non-profit corporation, the MSU Foundation commercializes technologies invented by Michigan State University faculty, staff, and students. More at www.msufoundation.org.
The TIC was founded in 2008 in what was formerly the third floor of a downtown East Lansing department store. The Lansing region’s first business incubator, it continues to serve technology startup companies. More at www.eastlansingtic.org.