A new Mid-Michigan investment group is getting ready to
bestow $1.5 million on area start-up companies.
The newly formed BlueWater Angels is a group of 25
investors who want to support Mid-Michigan entrepreneurs while getting a return
on their investment.
“MidMichigan Innovation Center got involved
in establishing an angel investment network because capital was always the top
issue facing our tenant companies,” says Brent Case with the MidMichigan
Innovation Center.
“Having the BlueWater Angels in our backyard makes helping
current tenant companies and attracting new companies to the region more
feasible. Now, mid-Michigan companies do not have to go out of state or to
other regions in Michigan to secure capital.”
Most of the BlueWater Angels have entrepreneurial or
corporate backgrounds. The BlueWater Angels listen to companies present their
ideas and then decide where to invest their money.
Source: Brent Case, MidMichigan Innovation Center
Ivy Hughes, development news editor, can be reached here.
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