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venture capital

Venture capitalists can help a business idea grow from the whiteboard to the board room.
Marc-Anthony Macon / Flickr - http://j.mp/1SPGCl0

The Next Idea

You can't have a successful entrepreneurial community without money. And that's exactly why venture capitalists play such a critical role in helping Michigan start-ups get up and running.

flickr user James Emery / http://michrad.io/1LXrdJM

The Next Idea

Only a few decades ago, Israel was a virtual ghost town for business. Now, it’s considered one of the most innovative and energetic economies in the world, earning the nickname “Start-up Nation.”

In November, a group of Michigan CEOs traveled to Israel to see firsthand what makes the country so ideal for new businesses — and what lessons we might take to heart here in Michigan.

Flickr

The Next Idea

Michigan will never be the next Silicon Valley.

Michigan can't compete with the allure of the Coasts, or even Chicago, for the nation's best talent.

Michigan investors and politicians are too conservative to support true innovation.

Steve Carmody / Michigan Radio

The state of Michigan may soon get out of the venture capital business.

The state House Commerce and Trade committee takes up legislation tomorrow that would sunset a state program that has made hundreds of millions of dollars in tax vouchers available for investment.  

Lindsey Smith / Michigan Radio

Rick DeVos’ venture capital fund will stop giving away $5,000 each week to people with a good business idea. The fund, known as Start Garden, has given $5,000 to nearly 200 entrepreneurs in the last three years.

“A few years ago the biggest thing that it seemed like the region needed was a lot of experimentation and to get over fear of risk,” said Paul Moore, communications director for Start Garden.

The Next Idea

Venture capital flow into Michigan has been steadily increasing since 2008, but the state saw a remarkable uptick last year. According to a report released last month by the National Venture Capital Association and PricewaterhouseCoopers, venture capital investment in Michigan nearly doubled, up from $111 million in 2013 to $219 million last year.