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The entrepreneurial and investment activity in the state indicates steady and consistent growth and success in Michigan, in many cases outpacing national trends. Venture capital firms and angel investors in Michigan have firmly established their role in jump-starting and sustaining Michigan’s economic recovery and they continue to build on the momentum needed to create more companies and new jobs in Michigan, according to the Michigan Venture Capital Association’s (MVCA) 2016 Research Report.
The report provides 15 years of comparative data, contributed by 100+ member organizations actively invested in over 140 Michigan businesses. MVCA continued its analysis of the impact of diversity in the entrepreneurial and investment landscape with a more in-depth study done in collaboration with the University of Michigan Law School. The MVCA Diversity Study revealed that Michigan is seeing success and profits from teams led by people of color, LGBTQ and female professionals within the entrepreneurial and investment landscape, but much progress still needs to be made to achieve the benefits associated with a truly diverse community.
“Michigan, along with the rest of the nation, is seeing success and profits from diverse professionals within the entrepreneurial and investment landscape. However, statewide funding data suggests these companies led by underrepresented groups may be systemically underfunded. Michigan still has plenty of work to do.” said Maureen Miller Brosnan, executive director of MVCA.
Key findings in the following four areas are summarized in the MVCA press release:
- Venture Investment Nationally
- Venture Investment in Michigan
- Study: Diversity in the Michigan Entrepreneurial & Investment Landscape
- Angel, Pre-Seed & Accelerator Activity in Michigan.
To review the key findings from the report, Click Here for the full press release from MVCA,
To read the full report, Click Here.
