Absolute Michigan's Michigan Blog
 
Wednesday, February 01, 2006

Investing Millions in Michigan

MITECHNEWS.COM has a pair of stories that are well worth a read. The first reports that a Request for Proposals was issued last week by the Michigan Economic Development Corp. on the first phase of a $396 million capital infusion into the 21st Century Jobs Fund. The money will come as loans to start-ups and small businesses and as grants for universities and non profit research in the areas of life sciences, alternative energy, advanced automotive, manufacturing and materials and homeland security/defense. (Online RFP & Application)

The second story reports that the $150 million Venture Michigan Fund, which will invest in Venture Capital firms that in turn will pour money into promising Michigan technology companies, received its first $5 million cash infusion Monday. The VMF investment policy requires that venture capital funds should have a substantial presence in Michigan and promote at least $2 investment in qualified businesses for every $1 of principal investment.


Also see Venture Michigan Fund Gets First $5 Million Investment from MITECHNEWS.COM
Venture Michigan Fund web site

Read More (external link) »

# posted by farlane @ 8:22 AM
Comments: Post a Comment

Links to this post:

Create a Link



<< Home
Click to subscribe to Dig Michigan blog from Absolute Michigan: >Click to Subscribe to the Absolute Michigan blog feed
Click to subscribe to the Michigan Blog: >Click to Subscribe to the Absolute Michigan blog feed

LCI Web Development
Leelanau Communications, Inc. provides web development and internet consulting for businesses and nonprofit organizations. We have created over 400 web sites and are experience in deploying web technologies to integrate with the way you do business. We made this site and can make yours too!

Add a Link
Sponsorship
About Absolute Michigan

Search Absolute Michigan

Arts & Entertainment :: Business :: Community :: Food & Dining :: Homes & Real Estate :: Lodging & Travel :: Media & Internet :: Recreation :: Shopping
Dig Michigan Blog :: Articles :: Michigan by County Map :: Search Michigan :: New Links :: Add a Link! :: About Us :: Michigan Pictures
Absolute Michigan :: Northeast Michigan :: Northwest Michigan :: Southeast Michigan :: Southwest Michigan :: Upper Peninsula

email: absolutemichigan@gmail.com :: webdesign by leelanau.com

© 2006 Leelanau Communications, Inc. All Rights Reserved.