The SEIC Board yesterday (3/25/09) approved the proposal from Ann Arbor SPARK for the new $6.8 million pre-seed fund. The new money comes from the unused dollars in the 2006 21st Century Jobs Fund competition. These funds will be added to the current pre-seed fund which was nearly dry. 30 investments were made from the original funding in just two years. The MEDC provided another $1.5 million last fall and allowed three more investments... [Read More...]
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