Special Note:  If interested in the program, please contact the MVCA for further discussion as the program is stalled until further funding is received. 

A start-up company's chances of raising capital from institutional investors depend on numerous factors. Beyond the quality of the business concept, market and management, attributes of the pool of capital can impact a business's success with fundraising. The pool of capital attributes include an overlap between the funding sought and the average deal size for a fund, and include a match in the industry and market of both the investor's focus and the start-up's business. But as important, the proximity of that capital plays a critical role in a business being able to court those investors.

The Fund Development Program is aimed at increasing the amount of funds within the State of Michigan while matching that capital to the stage and development and industry focus needs of its start-up companies. The program is designed to increase the number of venture backed companies and their success by increasing the number of venture funds in the market. The funding would be available to underwrite the start-up and organizational costs of new venture capital funds being formed in Michigan.

Click here to learn more about how a Michigan based venture firm may apply.