Michigan Economic Development Corporation

The Michigan Strategic Fund (MSF) has designated $6.8 million for the Michigan Pre-Seed Fund 2.0, a statewide investment fund aimed at supporting high-tech early stage companies.The Michigan Pre-Seed Capital Fund supports start-up companies as they near commercial viability by providing access to early-stage capital, accelerating company development. Companies are eligible to apply for pre-seed funds if they are developing technologies in the areas of advanced automotive, manufacturing and materials, agricultural technology, alternative energy, homeland security and defense, information technology, life sciences and other innovative technologies.The Pre-Seed fund investment is a convertible note of up to $250,000. The fund looks to invest in companies with less than $1M in revenues, as well as less than $1M in third party funding.