Pre-Seed Investing
Local Business Development Resources

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Overview

The Michigan Pre-Seed Capital Fund supports high-tech start-up companies in Michigan as they near commercial viability by providing access to early-stage capital investment to accelerate company development. Michigan SmartZones, including the Richard M. and Helen DeVos Center for Entrepreneurship & Innovation (#14 on the map), will review funding applications.

Michigan SmartZone map
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Eligibility

Eligible companies have less than $1 million in revenues and less than $1 million in 3rd party funding. 100% matching funds from a third party source are required. Eligible companies will need to be past the concept development and analysis phase.

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Funding Levels

The Pre-Seed fund investment is a convertible note up to $250,000 with a 100% match from a third party source.
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Application Process

The Pre-Seed Capital Fund will accept applications at any time. Requests, if complete, will be forwarded for review within one week.

The submission package must include:

  • Business Plan (maximum 30 pages) including:
    • Company overview
    • Market information
    • Operations
    • Product description
    • Summary of Management talent
    • Use of funds
    • Strategy for future funding/financing
  • Separate  financial workbook including:
    • Current balance sheet
    • 12 month P&L projection
    • Multi-year cash flow projection
  • Bio/resume of founder and top management team (2 pages maximum for each)

Submit all documents and contact information to cei@gvsu.edu with a message briefly describing your business and how you intend to use the capital.

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Contact Info & Questions

Kevin McCurren
Executive Director, Richard M. and Helen DeVos Center for Entrepreneurship & Innovation

mccurrke@gvsu.edu

Shorouq Almallah
Business Accelerator Fund Intake Counselor

almallas@gvsu.edu

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Page last modified March 27, 2013