The Michigan Strategic Fund designates the money to a statewide investment fund aimed at high-tech early stage companies.
The board of Michigan Strategic Fund (MSF), created by the state of Michigan in 1984 to promote economic growth, has given $6.8m to Invest Michigan, a non-profit based in Detroit, to support companies near commercial viability. To be eligible, companies must be developing a product in the areas of either advanced automotive, manufacturing and materials, agricultural technology, alternative energy, homeland security and defense, information technology, life sciences or other innovative technologies.
The Michigan Pre-Seed Fund 2.0 will be made up…
