Michigan's 21st Century Investment Fund invested in a Cleveland Fund and ended up with a new venture capital office in Ann Arbor.
Excerpt:The state's 21st Century Investment Fund just invested $35.5 million into four funds. Among them is Cleveland-based Early Stage Partners, which is getting a cool $10 million to invest venture capital into research companies in the Midwest. It plans to open an office in Ann Arbor soon as part of the deal.
Early Stage Partners provides early stage venture capital to research-based start-ups. Those companies are usually in the educational, scientific and medical industries.
Read the rest of the story
here.
Enjoy this story?
Sign up for free solutions-based reporting in your inbox each week.