Michigan Pre-Seed Capital Fund Invests $2.5 Million in 2010

Several Michigan companies recently received investments from the Michigan Pre-Seed Capital Fund, pushing the total investments made through the Fund to over $11.6 million.  To date, 52 Michigan companies have received seed funding from the Michigan Pre-Seed Capital Fund, a collaborative effort of Michigan’s SmartZones.

“Companies that received support from the Michigan Pre-Seed Capital Fund are currently employing 285 people throughout the state and have attracted outside investment.  Matching support from other funding sources totaled $16.4 million for these Michigan companies.

A combined $2.5 million in Michigan Pre-Seed Capital Fund investments in 2010 were awarded to:

  • Advanced Battery Concepts
  • Armune BioScience, Inc.
  • Current Motor Company
  • Downstream, LLC
  • Intervention Insights
  • Innovative Surgical Solutions
  • InfoReady Corporation
  • InPore Technologies
  • Inventure Enterprises
  • NextCAT, Inc.
  • Tangent Medical Technologies
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