Excerpt:
ANN ARBOR, Mich., June 4, 2015 /PRNewswire-USNewswire/ – The Desai Family Accelerator, a joint venture between the University of Michigan’s Ross School of Business and the College of Engineering, today announced the most-promising companies selected to participate in its inaugural cohort. More than 72 technology-based startups submitted applications and the most promising six were chosen to move into the Accelerator and take advantage of its services. Of the applications, 42 percent were from Michigan-based companies, 19 percent were led by female founders and 31 percent had a connection to the University of Michigan.