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