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Blog // Connect Michigan

Michigan Allocates $6.8 Million to Fund Tech Startups

By Wil Payton

Early-stage tech startups in Michigan may be able to gain funding thanks to $6.8 million in state money designated by the Michigan Strategic Fund.

The program, which will be managed by a new Detroit-based nonprofit Invest Michigan, is receiving money allocated by the Michigan Economic Development Corporation.

Tech startups are slated to receive $5.8 million of the fund and $1 million will be used to assist university in getting tech startups to market.

Charlie Moret is managing Invest Michigan. Below are some of his comments, in an article, about the startup environment in Michigan:

“Entrepreneurs can reach money quicker in Michigan than a lot of other places,” he says. “ I think Michigan is a leading state now in supporting early-stage tech startups. It’s an extremely robust system, with the state, philanthropic organizations, corporate, and private all participating. It’s far exceeding my earlier expectations.”

To read more click here. Be sure to follow Connect Michigan on Facebook and Twitter for more articles on how technology impacts your life.


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