The Michigan Biomedical Venture Fund invests in biomedical startups in the domain of therapeutics, devices, diagnostics, or health IT. The fund is a collaborative effort between the University of Michigan’s (U-M) College of Engineering’s Center for Entrepreneurship and U-M Medical School’s Fast Forward Medical Innovation program. This fund is exclusively for biomedical startups or companies with U-M IP or license. With a $3 million gift from the Monroe-Brown Foundation, the MBVF awards range from $50,000-300,000.