India Digest: University of Michigan commits up to $8m to Accel fund; ADB okays $30m loan to Smartchem project 

India Digest: University of Michigan commits up to $8m to Accel fund; ADB okays $30m loan to Smartchem project 

Photo by Micheile Henderson on Unsplash

The University of Michigan has committed up to $8 million to a venture capital fund managed by Accel that focuses on investment opportunities in India. Separately, Asian Development Bank has approved a $30 million loan to a Smartchem project, according to a filing.