Monthly Archives: July 2011

S.B.A. Unveils New Venture Capital Fund

The Small Business Administration announced on Tuesday that it had formed a $130 million venture capital fund to invest in high-growth companies in Michigan. The fund is the first of what Karen Mills, the S.B.A. administrator, said is a $1 billion commitment over five years through what the agency calls Impact Investment funds, part of the Obama administration’s Startup America initiative announced in January.

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$25 million now available to support Michigan entrepreneurs

The Michigan Economic Development Corporation (MEDC) today announced that the Michigan Strategic Fund (MSF) is awarding $25 million to eight organizations that will support entrepreneurs in launching and growing start-up companies throughout the state.

“Early-stage companies require seed capital and access to a strong network of public and private resources,” said MEDC President and CEO Michael A.…

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