More than 130 startups sought capital this year from a state-backed fund, far exceeding expectations and serving as another example of the need for funding at the earliest stages of the capital continuum.
Startups in need of funding today have many more options available to them for investment capital compared to years ago. But despite the growth in venture capital, angel investing and other funding sources over the last decade, an “absolute gap” persists in what Fred Molnar of the Michigan Economic Development Corp. calls the “very, very early” stage.
