{"id":533,"date":"2010-08-16T15:42:47","date_gmt":"2010-08-16T19:42:47","guid":{"rendered":"http:\/\/sciencebusiness.technewslit.com\/?p=533"},"modified":"2010-08-16T15:42:47","modified_gmt":"2010-08-16T19:42:47","slug":"venture-fund-unveiled-for-michigan-life-science-startups","status":"publish","type":"post","link":"https:\/\/technewslit.com\/sciencebusiness\/?p=533","title":{"rendered":"Venture Fund Unveiled for Michigan Life Science Startups"},"content":{"rendered":"

A new venture capital fund in Grand Rapids, Michigan will support early-stage life science companies in the western part of that state. The Michigan Accelerator Fund 1 (MAF1) will also allocate some of its portfolio to technology startups in other fields including advanced manufacturing, alternative energy, and homeland security.<\/p>\n

MAF1 received a a $6 million award from Michigan’s 21st Century Jobs Fund<\/a>, a program of the Michigan Economic Development Corporation. The fund expects to raise another $4 million in investments from regional partners by early 2011. Investments from the fund are expected to begin in early 2011.<\/p>\n

The Michigan Economic Development Corporation started its accelerator funds<\/a> specifically to address the region’s early stage funding gap. MAF1 expects to offer universities and research institutions in Western Michigan a new channel for technology transfer funding.<\/p>\n

Earlier this month, at a meeting in Washington, D.C., Michigan’s Governor Jennifer Granholm<\/a> outlined the state’s experience with support for clean-energy technologies. At the meeting, she specifically underscored the need for high-tech companies to get more access to capital.<\/p>\n","protected":false},"excerpt":{"rendered":"

A new venture capital fund in Grand Rapids, Michigan will support early-stage life science companies in the western part of that state. The Michigan Accelerator Fund 1 (MAF1) will also allocate some of its portfolio to technology startups in other fields including advanced manufacturing, alternative energy, and homeland security. MAF1 received a a $6 million […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[64,19],"class_list":["post-533","post","type-post","status-publish","format-standard","hentry","category-finance","tag-life-sciences","tag-venture-capital"],"_links":{"self":[{"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/posts\/533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=533"}],"version-history":[{"count":3,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/posts\/533\/revisions"}],"predecessor-version":[{"id":536,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/posts\/533\/revisions\/536"}],"wp:attachment":[{"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}