Four Michigan companies recently received investments from the Michigan Pre-Seed Capital Fund, totaling $1 million. To date, the Michigan Pre-Seed Capital Fund, a collaborative effort of Michigan's SmartZones to support start-ups' product commercialization, has awarded 83 Michigan companies with seed funding totaling more than $19 million.
"It's exciting to see how Michigan Pre-Seed Capital Fund companies use the investments to drive growth; the Michigan Pre-Seed Capital Fund makes a measurable, positive impact on a start-up's chance of success in the state," said Skip Simms , manager, Michigan Pre-Seed Capital Fund and senior vice president of Ann Arbor SPARK. "Early funding recipients, like Compendia Bioscience, have gone on to achieve significant success, including expansion, hiring and attracting marquee clients. The four early stage companies funded this round are using the award to attract additional outside funding and get solidly on that path to success."
To read the full, original article click on this link: Michigan Pre-Seed Capital Fund Invests $1 Million in Four Start-Ups -- ANN ARBOR, Mich., Jan. 23, 2013 /PRNewswire/ --
