The Michigan 21st Century Investment Fund launched in 2006 but the impact of the $109 million fund is just getting started.
Credit Suisse, which helps manage the venture capital fund of funds, released a report last week with some interesting statistics attached to it. The VCs that have received funding from the Michigan 21st Century Investment Fund have invested $97.4 million in 24 Michigan-based companies. Those start-ups now employ 790 people.
To read the full, original article click on this link: Michigan 21st Century Investment Fund keeps powder dry for investment
