US EditionMichigan startup ecosystem gets first state-backed funding boost in a decade
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Michigan startup ecosystem gets first state-backed funding boost in a decade
By Anna Fifelski for Crain’s Detroit Business The Michigan Strategic Fund Board officially established the Michigan Innovation Fund on Tuesday, allocating $60 million toward evergreen venture capital funds. The board’s vote was necessary to finalize the implementation of the fund after Gov. Gretchen Whitmer signed a package of bills spurring its creation in January. The Michigan Innovation Fund is the largest funding proposal for the Michigan en…
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