Michigan Fund Aims $10M At Life Sciences

Xconomy Detroit/Ann Arbor — 

Early-stage life science companies in West Michigan may be happy to know that a $10 million fund is being raised just for them. Michigan’s 21st Century Jobs Fund, run by the Michigan Economic Development Corporation, has contributed $6 million to the Michigan Accelerator Fund I designed to fill the region’s early stage funding gap for life science and technology companies. According to a news release, additional investments by regional partners will bring the fund to $10 million by early 2011, when it is expected to make its first investment.