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Michigan State starts program to spur business development

EAST LANSING, Mich. (AP) - Michigan State University has started a program that's designed to spur business development and attract more investors.

The Lansing State Journal reports the program called "Conquer" will guide five teams of entrepreneurs from the prototype stage of a business to market release in 10 weeks.
The East Lansing school will give the teams $20,000 toward supporting their business. They will also be mentored by Michigan State alumni.
"Conquer" is partnering with Tom Stewart, managing partner of the Center for New Enterprise Opportunity, who will provide an adapted business curriculum. 
Under the plans, Michigan State will take 5 percent equity in each business.