TechTown Venture Capital Fund has been started with the intent of assisting local start-ups.
Excerpt:
"We see a lot of high-value technology here and no
local funds taking advantage of it," [fund manager Joseph] Alam said. "We’ve got individuals
with good technology at Wayne State flying out to California to talk to
venture capitals there. Greg Auner just got back from California. They
told him if he moves out there, they’ll give him funding. We have to
compete with that."
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