© 2024 Michigan State University Board of Trustees
Public Media from Michigan State University
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

More venture capital driving Michigan startups

Photo of money
Flickr - Keith Cooper

Business watchers in Michigan are heralding some good news in the start-up world. A new report released by the National Venture Capital Association and PricewaterhouseCoopers LLP finds venture capital investment in Michigan was up nearly 100-percent in 2014 from the previous year.Venture capitalists invest their money in emerging businesses that many traditional lenders like banks and credit unions may deem too risky. Venture capital funding is mainly applied to sectors with high growth potential, such as information technology.

In Michigan, venture capitalists invested nearly $220-million into 50 companies in 2014.

Current State’s Kevin Lavery speaks with Paula Sorrell about the data. She’s vice president of Entrepreneurship, Innovation and Venture Capital with the Michigan Economic Development Corporation. Sorrell has been studying venture capital trends over the last decade.

Kevin Lavery served as a general assignment reporter and occasional local host for Morning Edition and All Things Considered before retiring in 2023.
Related Content
Journalism at this station is made possible by donors who value local reporting. Donate today to keep stories like this one coming. It is thanks to your generosity that we can keep this content free and accessible for everyone. Thanks!