New Michigan Innovation Fund to Benefit MSURF Startup Programs
On Jan. 13, Gov. Gretchen Whitmer signed House Bills 5651, 5652 and 5653, sponsored by Reps. Alabas Farhat, Jason Hoskins and Greg VanWoerkom, which will create the Michigan Innovation Fund. This $60 million fund will provide critical funding to Michigan’s existing early-stage evergreen venture funds, emerging evergreen funds and the entrepreneur ecosystem.