Funding Information Funding information for Southeast Michigan startup businesses By Han Peng 8/16/2011 Contents Funds Available (Stage A: Investigation) ....................................................................................................... 4 Thrive One Fund: ..................................................................................................................................... 5 Hebrew Free Loan: ................................................................................................................................... 5 Emerging Technologies Fund (ETF): ......................................................................................................... 5 Crowdfunding: ......................................................................................................................................... 6 Profounder: .......................................................................................................................................... 6 Kickstarter: ........................................................................................................................................... 6 IndieGoGo: ........................................................................................................................................... 7 Kiva Detroit: .......................................................................................................................................... 7 Funds Available (Stage B: Seed) .................................................................................................................... 8 The Small Business Detroit MicroLoan Program: .................................................................................... 8 Michigan Pre-Seed Capital Fund Micro Loan Program: ........................................................................... 8 ShoreBank Enterprise Detroit Small Business Loan: ................................................................................ 9 The Opportunity Resource Fund – Microenterprise/Small Business: ..................................................... 9 Detroit SOUP: ......................................................................................................................................... 10 Funds Available (Stage C: Development) .................................................................................................... 10 Michigan Pre-Seed Capital Fund: ........................................................................................................... 10 Automation Alley's Pre-Seed Fund: ....................................................................................................... 11 Detroit Venture Partners, LLC: ............................................................................................................... 11 BELLE Capital, LP: ................................................................................................................................... 11 The Detroit Micro-enterprise Fund: ...................................................................................................... 12 First Step Fund: ...................................................................................................................................... 12 Funds Available (Stage D: Early) .................................................................................................................. 12 The Ann Arbor Region venture capitalists and Angel investors. ........................................................... 13 Fletcher Spaght Ventures: ..................................................................................................................... 13 Beringea ................................................................................................................................................. 13 EDF Ventures ......................................................................................................................................... 13 Funds Available (Stage E: Growth) .............................................................................................................. 15 Detroit Investment Fund: ...................................................................................................................... 15 Stage 2 Innovations: .............................................................................................................................. 16 Venture Capitals: ................................................................................................................................... 16 Funds Available (Stage F: Maturity) ............................................................................................................ 16 Michigan Supplier Diversification Fund: ................................................................................................ 17 The Wayne County Urban Loan Fund: ................................................................................................... 17 Industry / Demographics ............................................................................................................................ 17 The Detroit Food Movers Fund:............................................................................................................. 17 The Green Enterprise Fund: ................................................................................................................... 18 The Women's Empowerment Fund: ...................................................................................................... 18 2 DTE Energy Ventures: ............................................................................................................................ 18 iNetworks: .............................................................................................................................................. 18 iNetworks BioOpportunity Fund, L.P.: ................................................................................................ 18 iNetworks Community Impact Fund: ................................................................................................. 19 iNetworks Michigan Fund, L.P.: .......................................................................................................... 19 iNetworks, LLC Investments: .............................................................................................................. 19 LISC Detroit: ........................................................................................................................................... 19 LISC Detroit Offers: ................................................................................................................................ 20 Technical and Financial Resources ..................................................................................................... 20 Project Feasibility and Predevelopment Activities ............................................................................. 20 Construction Financing ....................................................................................................................... 20 Permanent Financing ......................................................................................................................... 21 Equity and Intermediary Capital ......................................................................................................... 21 Midtown Development Partners: .......................................................................................................... 21 Detroit Empowerment Zone: ............................................................................................................. 21 Detroit Urban Retail Loan Fund (DURLF): .......................................................................................... 22 Midtown Detroit Inc. Façade Grant and Building Loan Program: ...................................................... 22 Woodward Corridor Development Fund: .......................................................................................... 22 General Resources ...................................................................................................................................... 23 Small Business Administration (SBA) Loan Programs: ........................................................................... 23 The State Small Business Credit Initiative: ............................................................................................ 23 Venture Capital Funding: ....................................................................................................................... 24 21st Century Investment Fund: ............................................................................................................. 24 Venture Capital & Angels Network: ....................................................................................................... 24 Michigan Minority Supplier Development Council (MMSDC): .............................................................. 24 Detroit Industrial Revolving Loan Fund: ................................................................................................ 25 Creative Corridor Incentive Fund: ......................................................................................................... 25 Commercial Banks: ...............................................................................................................................