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MI HR0317
Resolution
Status
Passed
4/25/2018
Primary Sponsor
Adam Zemke
Click for details
AI Summary
- Declares April 22-28, 2018, as Venture Capital and Angel Investment Week in Michigan
- Recognizes Michigan-based venture capital investors as vital to the state's entrepreneurial ecosystem and economic growth
- Notes that every $1 invested by Michigan venture capital firms attracts $3.83 from out-of-state investors, with 134 venture-backed startups currently operating in the state
- Highlights a significant funding gap, with $627 million needed over two years to support Michigan startups but only $403 million currently available from Michigan venture capitalists
- Affirms commitment from venture capital and angel investment organizations, working with state government and educational institutions, to fund Michigan entrepreneurs and retain companies in the state
Legislative Description
A resolution to declare April 22-28, 2018, as Venture Capital and Angel Investment Week in the state of Michigan.
Venture Capital and Angel Investment Week
Last Action
Adopted
4/25/2018
Full Bill Text
No bill text available