INNOVATION BOOST: 20 Fathoms Picked for $1.6M in State Funds

INNOVATION BOOST: 20 Fathoms picked for $1.6M in state funds

TRAVERSE CITY — A local start-up and entrepreneurial hub will get a $1.6 million boost from the state’s new Michigan Innovation Fund.

Will Michigan’s $60 Million Innovation Fund Move the Needle for Black Startups?

A major injection of venture capital is now moving through Michigan’s startup economy. Governor Gretchen Whitmer recently announced the rollout of the Michigan Innovation Fund—a $60 million investment designed to boost Michigan-based venture capital and seed new business growth across the state. Five established investment organizations are set to receive the bulk of the funding, with smaller shares allocated toward emerging funds and support pr…

Ann Arbor SPARK, University of Michigan Accelerate Blue Fund awarded millions for startups, entrepreneurs

By Jennifer Eberbach, MLive Two Ann Arbor-based organizations that foster entrepreneurship and help startup companies have been awarded millions through a new state fund. Ann Arbor SPARK and the University of Michigan Accelerate Blue Fund are among the first eight recipients of the Michigan Innovation Fund, which Gov. Gretchen Whitmer signed into law in January. The fund received a $60 million appropriation with bipartisan support in the state L…