University of Michigan Board of Regents Minutes 2026-03-19
Regents Approve Venture Investment in Decimal Code
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Description
The Board of Regents approved investment agreements between the Michigan Biomedical Venture Fund and Decimal Code, Inc., providing the University with equity and future purchase rights in the company. The agreements use standard venture capital terms and incorporate conflict-of-interest review for two UM employees involved with the firm.
Contract Details
Vendor
DECIMAL CODE INC
Agency
University Of Michigan-Ann Arbor, MI
Contract Type
FINANCIAL_SERVICES
Document Date
March 19, 2026
Renewal Info
Standard venture capital investment agreements subject to amendment by consent and University review; no fixed renewal date specified.
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