Seeking to create a new generation of home-grown venture capitalists in Michigan, a state economic development panel is looking to start a pre-seed capital fund to mentor and support young investors.
Citing the pressing need for more early-stage capital in Michigan, and the inability to fully fund another business-plan competition next year, the Michigan Strategic Economic & Investment Committee is planing to create an “accelerator fund” that would foster new venture investors and entrepreneurial talent throughout the state.
State looks at new fund to groom venture capitalists | West Michigan Business - - MLive.com
