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David Washburn

President at Red Cedar Ventures

East Lansing, Michigan

Overview 

David Washburn is the Executive Director of the MSU Research Foundation in East Lansing, Michigan. With a background in venture capital, non-profit leadership, and strategic planning, he has held key roles at organizations like Michigan Rise, Red Cedar Ventures, and Spartan Innovations. Highlights of his career include serving as President & CEO of the University of Tennessee Research Foundation and being a Board Member at Cambridge Enterprise, showcasing his expertise in non-profit program development and investment management.

Work Experience 

  • Board Member

    2024 - Current

    Cambridge Enterprise is part of the University of Cambridge and responsible for supporting the translation of University research to create globally leading economic and social impact through licensing, startup company formation, early stage venture investing and innovation ecosystem development.

  • Executive Director

    2014

    The MSU Research Foundation manages a $500M+ endowment built from decades of licensing revenue. In addition to providing over $10 million in research grants annually, the MSU Research Foundation is focused on technology commercialization, economic development, placemaking and incubation. Through our subsidiary organizations - Spartan Innovations (SI), Red Cedar Ventures (RCV), Michigan Rise Pre-Seed Fund III (MR), and developing select real estate assets – the MSU Research Foundation is a results oriented driver of dynamic partnerships in the Michigan State University Innovation ecosystem.

  • President & Board Director

    2020

    Michigan Rise Pre-Seed Fund III is an early stage venture fund dedicated to helping launch tech start-ups across the state of Michigan. Based in East Lansing, the $20M early stage fund is the result of a partnership between the Michigan Economic Development Corporation, the Michigan Strategic Fund and the Michigan State University Research Foundation.

We provide debt, equity and purchase order financing for early-stage, high-tech businesses in Michigan, in partnership with the MEDC.

  • President & Board Director

    2014

    Red Cedar Ventures is the pre-seed and early stage venture arm of the Michigan State University Research Foundation. The entity helps startup companies commercializing technologies from Michigan State University overcome funding gaps, accelerate growth and provide follow-on growth-stage capital.

Early-stage fund in support Spartan Innovations supporting startups throughout Michigan.

  • President & Board Director

    2014

    Spartan Innovations is a venture development organization and wholly owned subsidiary of the Michigan State University Research Foundation. The organization is focused on accelerating new venture creation derived from students, faculty and staff at Michigan State University. Programs include EIR's, the Conquer Accelerator program, a MedTech Accelerator Program and system of resources designed to move early stage inventions to commercialization.

  • Senior Licensing Associate | Assistant Director

    2001 - 2011

  • Business Development

    1999 - 2001

  • International Business Development and Corporate Finance

    1997 - 1999

Flexera Software helps application producers and enterprises increase application usage and the value they derive from their software.

Raised $81,382,366.00 from TA Associates.

  • Business Development

    1996 - 1997

An ecosystem of software & hardware vendors, integrators and solution providers focused on adoption of NFV and SDN-based solutions.

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