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Michigan awards nearly $53 million to eight existing and emerging evergreen funds

Summary by Teknovation
Governor Gretchen Whitmer has announced the initial eight recipients of the first-ever Michigan Innovation Fund (MIF) signed into law earlier this year. With bipartisan support from elected officials in the State Legislature, the fund received a $60 million appropriation to distribute across existing early stage evergreen venture funds in Michigan, emerging evergreen funds in Michigan, and others who contribute to the entrepreneurial ecosystem i…
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Teknovation broke the news in on Tuesday, July 29, 2025.
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