The Michigan Strategic Fund (MSF), through the Pure Michigan Venture Development Fund (PMVDF), will assist in the growth of the venture industry in Michigan by increasing the number of viable venture funds in the state.
The Michigan Venture Capital Association (MVCA) recently released its annual research report, which details investment activity across the state. The report also highlights venture capital activity in Michigan compared to other regions and the U.S.
Through its two annual Business Plan Competitions, GLEQ offers Michigan’s new ventures entrepreneurial education, one-to-one coaching, connections to resources, and exposure to investors. The Spring GLEQ Business Plan Competition features cash prizes up to $25,000 and the $100,000 SmartZone Award!
Through its two annual Business Plan Competitions, GLEQ offers Michigan’s new ventures entrepreneurial education, one-to-one coaching, connections to resources, and exposure to investors. The Spring GLEQ Business Plan Competition features cash prizes up to $25,000 and the $100,000 SmartZone Award!
Ann Arbor-based Molecular Imaging, Inc. closed its Series A financing round at $9.9 million. The company has secured a $2.5 million investment from Beringea through the $185 million InvestMichigan! Growth Capital Fund plus another $350,000 from existing shareholders Baird Venture Partners (BVP) and Invest Detroit.
The 31st Michigan Growth Capital Symposium (MGCS) is May 15-16, 2012. Companies have until midnight on March 6 to submit their application for presentation.
MVCA Board Member Jon Lauckner has been named by General Motors vice president and chief technology officer (CTO), effective April 1. In addition to his current position as president of GM Ventures, Lauckner will be responsible for GM’s Research and Development activity.
We’re proud to introduce our new board chair, Tim Petersen. Tim, who is the managing director at Arboretum Ventures, is responsible for Arboretum’s financial and fund management activities and is a member of its Investment Committee. He has been a venture capital investor for the past 14 years.
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 […]