Pre-Seed Fund
The Michigan Strategic Fund (“MSF”) Board is authorized to award grants and loans from the 21 Century Jobs Fund for “basic research, applied research, university technology transfer and commercialization of products, processes and services to encourage the development of competitive-edge technologies to create jobs in the state."
Through this 2020 Pre-Seed Fund Request for Proposals (the “RFP”), the MSF Board desires to award a grant to a non-profit organization that operates fund programs to invest in pre-seed and start-up stage competitive edge technologies that require capital in the earliest stages of the commercialization process. The MSF anticipates a multiyear grant under this RFP. The initial funding allocation of up to $3,000,000 is for the first year of the grant term. Smaller award(s) may be considered in support of existing funds to offer training (e.g. portfolio companies management, good governance training, funding staffing) and outreach opportunities.
