Pure Michigan Venture Development Fund Accepting Applications
LANSING– The Michigan Economic Development Corporation has announced that the Michigan Strategic Fund is targeting to invest up to $9 million to help grow the venture capital industry in Michigan.
Update: Axonia closes on $2M in seed funding. Gap funds play a role (Ann Arbor SPARK, Western Michigan University RF, and others)
Axonia Medical, an early stage company pioneering a revolutionary approach to repair and restore damaged peripheral and central nervous systems, announced today that the company has closed on $2.0 million in seed financing. The financing was led by Southwest Michigan First Life Science Venture Fund and included participation from Ann Arbor SPARK and Western Michigan […]
MI pre-seed fund invests in 9 new start-ups
From official press release: ANN ARBOR, Mich., April 23, 2012 /PRNewswire via COMTEX/ — Nine Michigan companies recently received investments from the Michigan Pre-Seed Capital Fund, totaling more than $2 million. To date, the Michigan Pre-Seed Capital Fund, a collaborative effort of Michigan’s SmartZones, has awarded 72 Michigan companies with seed funding totaling more than […]
MI Accelerator Fund aimed at early-stage/university technologies
The Business Accelerator Fund is a two-year, $3 million fund established through a grant agreement between the Michigan Strategic Fund and the Small Business and Technology Development Center (MI-SBTDC) at Grand Valley State University. The fund can be accessed by 13 business accelerators across the state, including Automation Alley and Kettering University TechWorks, to provide […]
Micro-loans SPARK 12 new Michigan companies
ANN ARBOR, Mich., April 10, 2012 /PRNewswire via COMTEX/ — Twelve Michigan companies have received a combined total of more than $444,000 through the Michigan Microloan Fund Program, bringing the total amount loaned through the Fund to more than $2.4 million. The companies received the funding to support commercialization of their core products.
Michigan Wolverine fund drives student innovation
Wolverine Venture Fund The $5.5 million dollar Wolverine Venture Fund invests primarily in early stage companies. The Fund is one of the world’s first VC funds where students are partners in the investment decision-making process.
Wayne State Launches Warrior Pre-Seed Fund For Student Tech Startups
Wayne State University has launched a new pre-seed fund supporting student-run tech startups, the first of its kind in Detroit. Th e Warrior Fund, which is made possible through a grant from the Michigan Initiative for Innovation & Entrepreneurship, will be administered by the tech transfer office and Blackstone Launch Pad. A total of $25,000 is available for startups, which […]