Ann Arbor SPARK scores $10.8M for investments and programs

Ann Arbor SPARK plans to spread $10.8 million it received from the state last week toward replenishing the Michigan Pre-Seed Capital Fund, funding the Accelerate Michigan Innovation Competition and starting the Michigan Angel Fund. The Michigan Economic Development Corp awarded the money from the state’s 21st Century Jobs Fund. Most of it, $9.17 million, will go toward reloading the four-year-old Michigan Pre-Seed Capital Fund. The $14 million... [Read More...]

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.  In other words to ask for a $200,000 investment from the fund a company only needs $100,000 of matching investment from... [Read More...]