Category: Uncategorized

InfoReady Completes $1.1 Million in Seed Funding Company’s Social Media Technology Addressing $650 Billion Information Overload Problem Ann Arbor, MI – Startup software company InfoReady Corp. has raised $250,000 in seed capital from Automation Alley, closing out $1.1 million in first-round funding. InfoReady’s core technology helps knowledge workers find relevant information quickly with advanced search […]

Ann Arbor, Mich. – The Venture Michigan Fund II, Limited Partnership (“VMF II”) announced today that it has launched a new fund to invest in high quality venture capital funds committed to investing in Michigan based high technology companies. VMF II has capital totaling $120 million to invest in venture capital funds targeting seed and […]

In December 2010, the Governor signed into law HB5921, the Small Business Investment (Angel) Tax Credit bill. This bill will provide a 25% tax credit to qualified investors who invest in qualified seed and early stage businesses in Michigan.  On Friday, December 17th, from 3:30-5:30pm, the Michigan Economic Development Corporation will conduct a public forum […]

May 8-9, 2012 www.michigangcs.com

ANN ARBOR, Mich. (September 30, 2010)—The Michigan Venture Capital Association (MVCA) will award up to $50,000 in grants and loans to both Huron River Ventures and Michigan Accelerator Fund I, winners of the Michigan Economic Development Corporation’s Accelerator Fund program.  The MVCA award provides support for the funds’ organizational costs excluding salaries.  In addition, the […]

The San Francisco Business Times quotes noted California venture investor Tim Baruch as pointing to Michigan as a model for government support of venture activity: “If California wants to get its innovation game back, says venture capitalist Tom Baruch, it should look at Michigan.“ Read more: California’s innovation model … Michigan? – San Francisco Business […]

ANN ARBOR, Mich.—The Michigan Venture Capital Association (MVCA) has released its 2010 year-to-date report on venture capital activity in Michigan.  As of August 2010, more than $123 million in venture capital has been invested in Michigan‐based start‐ups, a 35% increase compared to 2009 year‐to‐date financings. Also notable: This year-to-date, there were 10 venture capital investments […]

More than 70 MVCA and MHIN members convened at Vinology of Ann Arbor to enjoy excellent food, wine and conversation prior to the Michigan Growth Capital Symposium Monday, May 10.  Thanks to everyone who was able to attend and make this event a huge success!

One of venture capital’s oldest and most reliable partners was hard to find in 2009, according to an annual survey that examines where the private equity asset class receives its capita