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Three Wayne State ventures win pre-seed capital

August 7, 2013

Three Wayne State University student ventures are one step closer to realizing their entrepreneurial goals after undergoing a rigorous mentoring program and being awarded pre-seed capital from Blackstone LaunchPad's Warrior Fund Competition. Sponsored by Michigan Initiative for Innovation and Entrepreneurship, Lakeland Ventures Development, Detroit Venture Partners, Bizdom and NextEnergy, the competition is designed to prepare the students to pitch, secure and effectively use venture capital. Student ventures are awarded up to $5,000 after convincing a panel of educators, industry leaders and venture capitalists that the businesses are supported by a viable business plan.