The state plans to invest a whole lot of simoleans in up and coming tech firms, seeding Michigan's entrepreneurial ground with promising startups.
Excerpt:
"As with the state’s first Pre-Seed Fund, which is fully invested and managed by Ann Arbor SPARK, the money for the fund announced today has been allocated by the Michigan Economic Development Corporation (MEDC). Paula Sorrell, the MEDC’s vice president of entrepreneurship and innovation, will take a seat on Invest Michigan’s board along with Martin Dober, a former MEDC exec and current vice president of business development at Invest Detroit; Mark Bennett, an attorney and serial entrepreneur; Marianne Fey, an advertising executive, entrepreneur, and angel investor; and David Gregorka, a partner with Baird Capital in Ann Arbor and advisor on technology transfer to state universities."
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