The Michigan Angel Fund (MAF), an equity investment vehicle focused on early stage companies located in Michigan, recently closed at $2m with more than 70 members.
Led by managing director Skip Simms, MAF was established by Ann Arbor SPARK, with administrative support from the Michigan Economic Development Corporation, to help finance early stage companies in Michigan and to attract additional angel investors.
It funds companies that are seeking early investments from $200k to $2m.
The fund recently made its first investment in East Lansing-based BioPhotonics Solutions, a Michigan State University spin-out venture, which produces technology that automates the process of shaping and compressing ultrashort (femtosecond) laser pulses, ultimately improving their utility.
Interested businesses can find info about the selection process online at http://www.miangelfund.com/entrepreneurs/working-with-us/