Local Business Development Resources
Michigan Pre-Seed Capital Fund supports high-tech start-up companies in Michigan as they near commercial viability by providing access to early-stage capital investment to accelerate company development. Michigan SmartZones, including the Richard M. and Helen DeVos Center for Entrepreneurship & Innovation (#14 on the map), will review funding applications.
Eligibility Eligible companies have less than $1 million in revenues and less than $1 million in 3rd party funding. 100% matching funds from a third party source are required. Eligible companies will need to be past the concept development and analysis phase.
Funding Levels The Pre-Seed fund investment is a convertible note up to $250,000 with a 100% match from a third party source.
Application Process The Pre-Seed Capital Fund will accept applications at any time. Requests, if complete, will be forwarded for review within one week. The submission package must include: Business Plan (maximum 30 pages) including: Company overview Market information Operations Product description Summary of Management talent Use of funds Strategy for future funding/financing Separate financial workbook including: Current balance sheet 12 month P&L projection Multi-year cash flow projection Bio/resume of founder and top management team (2 pages maximum for each) Submit all documents and contact information to firstname.lastname@example.org with a message briefly describing your business and how you intend to use the capital.
Contact Info & Questions Kevin McCurren
Executive Director, Richard M. and Helen DeVos Center for Entrepreneurship & Innovation email@example.com
Shorouq Almallah Business Accelerator Fund Intake Counselor firstname.lastname@example.org