Venture Capital & Angels NetworkEstablished by venture capital and private equity investors in the state, the Michigan Venture Capital Association (MVCA)(www.michiganvca.org) is the state's premier public policy advocate for the private equity/venture capital industry, working to promote entrepreneurship and private equity investment. The MEDC is a founding member of the MVCA. For further details, please contact info@michiganvca.org The MEDC has aggressively supported the growth of angel networks to create/fill the much needed gap for seed stage financing. Three angel networks are actively looking at investment opportunities. Grand Angels (www.grandangels.org) is based in Grand Rapids while Ann Arbor Angels (www.annarborangels.org) is based in the Ann Arbor area. Great Lakes Angels (www.glangels.org) is based in the Bloomfield Hills area and is Michigan's oldest angel network. Angel Investment Incentive (PA 214 of 2005)The Angel Investment Incentive is a trial program designed to stimulate the creation and growth of early stage technology companies by providing a tax deduction for individual investors when the basis plus all or some portion of the profits from an initial qualified investment are rolled over into a subsequent investment in a qualified technology company. To be qualified, a company must be certified by the Michigan Strategic Fund Board at the time of an investment. The Michigan Strategic Fund Board will strive to review applications within two weeks of the receipt of the application and all supporting documentation. The application and supporting documentation should be sent to: Angel Tax Incentive Information on which investments qualify and the required criteria for a company.
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