Funding Amount

$60,000,000

Deadline

Rolling / Open

Grant Type

foundation

Overview

Michigan Innovation Fund

Overview: A $60 million state program created through House Bills 5651, 5652, and 5653, signed into law by Governor Gretchen Whitmer on January 13, 2025. The program creates self-sustaining nonprofit early-stage venture funds and strengthens Michigan's entrepreneurial ecosystem.

Total Funding: $60,000,000

Geographic Scope: Michigan, US

Legislation: House Bills 5651, 5652, 5653

Sponsors:

  • Representative Alabas Farhat (D-Dearborn)

  • Representative Jason Hoskins (D-Southfield)

  • Representative Greg VanWoerkom (R-Norton Shores)
  • Program Goal: Create self-sustaining nonprofit early-stage funds

    Key Partner: Michigan State University Research Foundation

    Purpose: Provide critical funding to strengthen Michigan's startup ecosystem and early-stage venture support

    Status: Signed into law January 13, 2025

    Contact Information:

  • East Lansing: 325 E. Grand River Ave. Suite 275, East Lansing, MI 48823

  • Grand Rapids: 109 Michigan St NW Suite 414, Grand Rapids, MI 49503

  • Detroit: 2050 15th St., Detroit, MI 48216

  • Website: msufoundation.org
  • Focus Areas & Funding Uses

    Fields of Work

    startupssmall-businesses

    Categories

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