Category: Uncategorized

As the newly named administrator of the Michigan Pre-Seed Fund III (MPSF III) by the Michigan Strategic Fund, Michigan State University Foundation (MSU Foundation) announced Michigan Rise. MSU Foundation was awarded the MPSF III on April 14, 2020 and will work closely with the Michigan Economic Development Corporation (MEDC)’s Entrepreneurship and Innovation Initiative to support […]

Submitted by Victor Cardenas, Assistant City Manager, City of Novi. The City of Novi is a new 2020 MVCA member – welcome! We are going to do our very best to give “The Joe Rogan Experience” a run for its money with the City of Novi’s new podcast “Now You Novi.” Co-hosts City of Novi’s […]

By Kelly Sexton, Associate Vice President for Research – Technology Transfer and Innovation Partnerships The University of Michigan’s research enterprise is an engine for creativity, discovery and innovation.  U-M researchers have invented amazing technologies — new therapeutics that improve the lives of people around the world, the Intralase Lasik eye procedure that has given the […]

Arbor Bancorp, Inc. (Bank of Ann Arbor) is announcing that Arbor Bancorp. Inc. and FNBH Bancorp, Inc. (First National Bank in Howell) have mutually agreed to terminate their Agreement and Plan of Merger, previously announced on February 3, 2020. Deal Termination 6.25.20

New economic assistance for small businesses, early stage tech companies and communities around Michigan negatively impacted by the COVID-19 virus gained approval from the Michigan Strategic Fund, the Michigan Economic Development Corporation announced today. Click here to read more.

Amid statewide school closures in Michigan, one local venture capital firm is offering $3,500 in prize money for high school students who create a winning business plan as an enrichment activity. Click here for more information.

Coordinated by TechTown Detroit, the Detroit Small Business Stabilization Fund will provide direct financial assistance to small businesses to help them through this period of decreased sales and activity caused by the COVID-19 pandemic. To donate, click here.

The following information was provided by MVCA Service Provider, Warner Norcross + Judd, LLP relating to new rules for filing requirements in Michigan.  Effective as of January 3, 2020, most Michigan-based fund managers of angel funds, venture capital funds and certain other private funds must begin electronically submitting reports on Form ADV as an “exempt […]

MVCA recently announced the 2020 Board of Directors and new to the Board is Evan Ufer, Partner at Plymouth Growth Partners. Evan focuses on sourcing and executing lead investments in technology-based businesses. Since joining in 2014, he has led five of Plymouth’s investments and has been involved in many other successful financings. Prior to Plymouth, […]

FARMINGTON HILLS, MICH., Feb. 11, 2020 — Beringea, a global private equity firm providing growth capital to high potential businesses, led a $5 million investment round in Traverse City, Mich.-based ATLAS Space Operations, Inc., a global provider of high-quality, mission-critical unified communications services. The capital will be used to further advance ATLAS’s engineering efforts in […]