U-M’s VC Frankel Fund invests in Accio Energy
The venture capitalists at the University of Michigan’s Ross School of Business have struck again, investing $80,000 into an Ann Arbor-based company. Accio Energy will use the money to develop a wind energy system that generates electricity differently than your standard wind turbine. The “aerovoltaic technology” uses charged particles and wind to generate electricity in a machine that doesn’t have any moving parts.The money comes from the Frankel Commercialization Fund, a student-managed venture capital seed fund. It was formed to help speed up the technology commercialization and company formation at the university and surrounding area. It’s the fund’s fourth investment and its first in a alternative energy firm. Source:Writer: Jon Zemke
The venture capitalists at the University of Michigan’s Ross School of Business have struck again, investing $80,000 into an Ann Arbor-based company.
Accio Energy will use the money to develop a wind energy system that generates electricity differently than your standard wind turbine. The “aerovoltaic technology” uses charged particles and wind to generate electricity in a machine that doesn’t have any moving parts.
The money comes from the Frankel Commercialization Fund, a student-managed venture capital seed fund. It was formed to help speed up the technology commercialization and company formation at the university and surrounding area. It’s the fund’s fourth investment and its first in a alternative energy firm.
Source:
Writer: Jon Zemke
Related Articles
Washtenaw County residents invited to contribute to new 10-year tourism plan
Destination Ann Arbor is inviting residents and local stakeholders to help directly shape the future of tourism in Washtenaw County from 2027-2036.
Recast Leaders aim to revitalize local economies
Ypsilanti and six other Michigan communities are working on building their local economies in the Recast Leaders program. Here’s a look at how the program works.
AI’s impact in Washtenaw County, from tech boom to data centers
Our new three-part series digs into AI’s impacts in Ann Arbor’s tech industry, its utilization in Washtenaw County’s educational world, and the ongoing debate about data centers in several Washtenaw County communities.
