Spartan Ventures
Spartan Ventures is an enterprise development firm owned and operated by the Michigan State University Foundation. Spartan Ventures and the Center for Entrepreneurial Strategy operate in tandem to grow and launch enterprises from Michigan State University and the surrounding community.
Spartan Ventures combines elements from traditional venture capital funds with elements from traditional business incubators. Once an enterprise is selected as a Spartan Ventures client, it enters the Spartan Ventures enterprise development process.
Enterprises developed by Spartan Ventures also receive seed funding and assistance in developing their relationships with banks and lending institutions. Spartan Ventures periodically evaluates the enterprises to ensure that they are ready to move forward in the development process.
In the final stage of enterprise development, Spartan Ventures facilitates the sale of the company, or an investment from a true venture capital firm. At this point Spartan Ventures divests its stake in the company, with any profit returning to the MSU Foundation for later reinvestment.