Michigan Pre-Seed Capital Fund Invests $600,000 in Three Start-Ups

FOR IMMEDIATE RELEASE – ANN ARBOR, MICH. – JULY 9, 2012 – Three Michigan companies recently received investments from the Michigan Pre-Seed Capital Fund, totaling $600,000.  To date, the Michigan Pre-Seed Capital Fund, a collaborative effort of Michigan’s SmartZones to support start-ups’ product commercialization, has awarded 75 Michigan companies with seed funding totaling more than $16.5 million. The three companies recently awarded Michigan …

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Michigan Pre-Seed Capital Fund Invests $585,000 in Three Start-Ups

Three Michigan companies recently received investments from the Michigan Pre-Seed Capital Fund, totaling $585,000.  To date, the Michigan Pre-Seed Capital Fund, a collaborative effort of Michigan’s SmartZones, has awarded 63 Michigan companies with seed funding totaling more than $14 million. The Michigan Pre-Seed Capital Fund companies have attracted more than $18 million in matching grant …

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MI Pre-seed Capital Fund changes announced

The state of Michigan, through the 21st Century Jobs Fund, has re-capitalized the Michigan Pre-seed Capital Fund.  The award of $6.8 million was approved by the SEIC board in March.   There are two significant changes affecting distribution of this new money.  One is the match for an investment is lowered to one-half to one. …

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“Open Source” Economic Development

Economic development in Michigan should take a page from the playbook of the ever-evolving software industry. Its “open source” philosophy – the source code that drives development should be open and available to all – is a model that can propel Michigan’s success in growing, retaining, and attracting business. Ann Arbor SPARK has taken steps …

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