MEDC, ID Ventures launch “Tech Start-up Stabilization Fund”

The Michigan Economic Development Corporation (MEDC) and ID Ventures have announced a $3 million “Tech Start-up Stabilization Fund.” Administered by Detroit-based seed capital firm, the new fund will provide direct investments or loans of between $20,000 and $100,000 that can then be converted into equity. This is the latest in a series of initiatives from MEDC aimed at helping businesses negatively impacted by the COVID-19 pandemic. Read more about the new fund here.

Stay connected with us on Twitter and LinkedIn. Article ideas and other suggestions should be sent to Include the name and contact information (phone and email) for follow-up.