The Michigan Venture Capital Association has placed four fellows from the inaugural class of its Michigan Venture Fellows Program. Sam Hogg has joined the Kalamazoo office of Open Prairie Ventures; Jared Stasik has joined Detroit Venture Partners; William Blake has joined Farmington Hills-based Beringea; and Linda Chamberlain has joined the Grand Rapids-based Michigan Accelerator Fund.
Funded last November by an $800,000 grant from the Michigan Economic Development Corporation, the Michigan Venture Fellows Program gives budding VCs the opportunity to work with a Michigan-based venture firm for a period of two years. The fellows are chosen after a rigorous application process, including a portion where the candidates must demonstrate strong Michigan ties, which usually involves a degree from a Michigan school. During their placements, fellows get a feel for the startup environment by getting deeply involved with at least one portfolio company. The hope is that the fellowship will lead to permanent employment in Michigan.
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