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MI SR0155
Resolution
AI Summary
- Recognizes April 22-28, 2018, as Michigan Venture Capital and Angel Investment week
- Notes that 29 Michigan venture capital firms and 11 angel investor groups are funding innovative entrepreneurs and creating jobs in the state
- States that every $1 invested by Michigan-based venture capital firms attracts $3.83 in outside investment, with 134 venture-backed startups currently operating in Michigan
- Highlights a funding gap of $224 million between the $627 million needed over two years for startup growth and the $403 million currently available from Michigan venture capitalists
- Indicates local venture firms are targeting to raise $657 million in 2018 to support high-growth companies launching in Michigan
Legislative Description
A resolution to recognize April 22-28, 2018, as Michigan Venture Capital and Angel Investment week.
Venture Capital and Angel Investment Week
Last Action
Adopted
4/25/2018
Full Bill Text
No bill text available