MI SR0162

Recognizes April 17-23, 2016, as Michigan Venture Capital and Angel Investment Week to honor the state's venture capital and angel investing community.

Notes that Michigan companies receiving venture capital investment grew by over 125 percent in the last ten years, more than ten times the national average.

Highlights that total venture capital under management by Michigan-based firms and national firms with Michigan offices exceeded $5.21 billion, with 75 percent growth over the past five years.

Recognizes the Michigan Venture Capital Association (MVCA), founded in 2002, which comprises nearly 260 venture capitalists, angel investors, and economic development organizations working to build the state's economy.

Directs that a copy of the resolution be transmitted to the Governor of Michigan.