$2 Million Michigan Angel Fund Begins Investing in Early Stage Companies

The Michigan Angel Fund (MAF), a professionally managed equity fund focused on capital efficient early stage companies located in Michigan, recently closed the fund to new investors. MAF is a $2 million fund that, with more than 70 members, is the largest angel organization in Michigan. MAF has already made its first investment, in East Lansing-based BioPhotonics Solutions, a Michigan State University spin-out venture, producing technology that automates... [Read More...]

No Word on 2009 21CJF Competition

SEIC Board did not mention next round of competition at meeting The SEIC Board at their meeting last Friday never mentioned the next round of the 21st Century Jobs Fund competition. What they did discuss was how to handle the available $6.7 million that isn’t getting claimed from the most recent round of competition. Two more companies, Avidimer Therapeutics and Accuri Cytometers joined Cielo Med Solutions in not agreeing or unable to take the... [Read More...]