FirstIgnite, an AI-driven software company enabling universities to connect with corporate research partners, has secured investment from Michigan Rise Pre-Seed Fund III to enhance its platform and expand into international markets.

Information on the Target

FirstIgnite is a Traverse City-based software company that leverages artificial intelligence (AI) to assist universities in identifying and engaging with potential corporate research partners. Through its innovative platform, FirstIgnite enables users to input their research descriptions, allowing for targeted matching with markets, companies, and contacts that are interested in collaboration. Currently, the platform is utilized by 40 universities globally to enhance the outcomes of technology transfer, corporate-sponsored research, and institutional advancement.

The company's co-founders, Chase Bonhag and Cody Pawlowski, are alumni of the MSU Research Foundation's inaugural Conquer Accelerator program in Grand Rapids. Their journey has seen significant growth, thanks in part to participation in the prestigious Y Combinator program and the support from Red Cedar Ventures, leading to the successful development of their platform.

Industry Overview in the Target's Specific Country

The landscape for technology transfer in the United States is rapidly evolving, driven by the increasing importance of collaboration between academic institutions and the priv