$5 million start-up fund aids technology companies
Technology start-ups in the homeland security arena can tap investments up to $250,000 and in-kind services donations to get their companies rolling.
Technology start-ups in the homeland security arena can tap investments up to $250,000 and in-kind services donations to get their companies rolling. The funding and services the backbone of a new fund established to get these businesses ready for outside investment.
According to excerpts from the story:
A Grand Rapids investment banker will help run a fund directed at homeland-security technology start-ups.
Dale Grogan was tapped by the Michigan Homeland Security Consortium to run its MIHSC Resource Fund..
The fund was originally conceived by Grand Rapids software executive Keith Brophy of NuSoft Solutions as a $1 million fund composed mostly of donated business services such as legal and accounting help. It has morphed into a bona fide pre-seed capital fund, targeted at between $2 million and $5 million, Grogan said.
Read the complete story here.
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