While Michigan has become a hot spot for startup funding, Detroit has been boiling in recent years, according to a new Michigan Venture Capital Association study.
The 2017 Detroit Entrepreneurial Study revealed Detroit's startup community has grown 50 percent in the past three years, now making up a quarter of the state's fledging companies. Last year, 14 of the city's 35 startup companies attracted more than $62 million in seed investment, the study found.
