ED  Michigan Accelerator Fund

http://www.maf-1.com





     Office Locations:

140 Monroe Center NW, Suite 300
Grand Rapids, MI 49503
Phone: 616-235-3567

 

Stages:

  • Early
  • Seed


 

Industries:

  • Defense & Homeland Security
  • Energy & Clean Tech
  • Food & Agriculture
  • Information Technology
  • Life Sciences & Healthcare
  • Manufacturing & Industrial

  •  

    Description:

    Michigan Accelerator Fund I (MAF-1) is an investment partnership headquartered in Grand Rapids, Michigan. The purpose of the fund is to drive forward the new economy of Michigan, providing a path to funding and partnerships for the commercialization of new regionally developed opportunities. The Fund will invest in early stage companies that fall into one of the six target sectors: life sciences technology; advanced manufacturing; homeland security; alternative energy technology; information technology; and agriculture. Companies must be based in Michigan. The Fund will focus on seed and early stage venture capital investments in life science technology companies. The fund size is $15.1 million, with $6 million awarded to the Fund via the Michigan Economic Development Corporation, and $9 million targeted to come from local investors including universities, foundations, and private investors. The Fund is sponsored and supported by leading West Michigan investors, research organizations and socio-economic stakeholders including Van Andel Research Institute, Hope River Ventures, West Michigan Science & Technology Initiative, Grand Angels, Grand Valley State University, Michigan State University, The Right Place Program, and Lakeshore Advantage.


     

    Funds:


      Fund Name


      Amount


      Date

    Get funds under management for this firm including Fund name, Dollar size of fund raise, and Vintage with a National Database subscription.



    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Dale Grogan Managing Director
    John Kerschen Managing Director

     

    Portfolio companies include:


      Ablative Solutions
        web link


      Agile
        web link


      Intervention Insights
        web link


      Metabolic Solutions Development
        web link


      nanoRETE
        web link


      Respond Well
        web link


      Swift Biosciences
        web link


      TransCorp Spine
        web link


      TRS
        web link


      Vestaron
        web link


     

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