Michigan Pre-Seed Capital Fund Invests $2 million in Nine Start-Ups
ANN ARBOR, Mich. April 23, 2012 Michigan $2 million Michigan $16 million
Skip Simms Michigan
The Michigan Pre-Seed Capital Fund supports a start-up’s commercialization efforts. Specific innovations include:
- Bloomfield Hills
- Kalamazoo
- Ann Arbor
- Warren
- Plymouth
- Midland
- Rochester Hills
- Grand Rapids
- Grand Rapids
$20 million Michigan
The Michigan Pre-Seed Capital Fund is an equity fund that invests in technology-based companies to support business formation and acceleration. Ann Arbor SPARK serves as the Fund’s administrator.
To qualify for the Michigan Pre-Seed Capital Fund, start-up companies must be based on a technology in one of the state’s identified competitive technologies and have the sponsorship of a local SmartZone. In addition to SmartZone sponsorship, companies must have received grant, angel or venture capital funding as a match with the Michigan Pre-Seed Capital Fund investment.
Michigan
Michigan Michigan www.MichiganAdvantage.org
SOURCE Ann Arbor SPARK
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