Funding Sources
Find out how to find funding for your venture. MORE>>
New Economy Division
Gives entrepreneurs access to everything they need to launch and build sustainable, globally competitive companies. MORE>>
Follow-On Funding
Find out more about the MEDC program, Follow-On Fund which is a $6 million fund to fill the gap... MORE>>
Pre-Seed Microloan
The MEDC and Michigan Strategic Fund in collaboration with the SmartZone established a microloan program to support innovative, high growth companies.
Pre-Seed Capital Fund
The Pre-Seed Capital Fund supports high-tech start-up companies as they near commercial viability by providing access to early-stage capital investment.
SpringBoard
The LEAP SpringBoard program provides business acceleration services and funding to get your business started. MORE>>
Emerging Technologies Fund
This fund is designed to expand funding opportunities for tech-based companies in the federal innovation arena. MORE>>
Business Funding Resources
LEAP understands that business funding is difficult. Below is a snapshot of the state of Michigan and federal business funding and incentive programs offered to qualified businesses.
The MEDC wishes to maximize the economic impact of the portfolio of investments it manages on behalf of dollars distributed through various historical and current programs, including but not limited to the 21st Century Jobs Fund, Michigan Life Sciences Corridor, Michigan Tri-Tech Corridor and Pre-Seed Funds (“Portfolio Companies”). A $6 million Follow-On Fund has been created to fill a critical capital gap currently existing in the marketplace.
The Michigan Pre-Seed Capital Fund through the Michigan Strategic Fund and supported by the Michigan Economic Development Corporation in collaboration with the Michigan SmartZones have established a microloan program to support innovative, high-growth start-up companies in the state as they near commercial viability but are not ready for outside funding.
The Michigan Pre-Seed Capital Fund supports high-tech start-up companies as they near commercial viability by providing access to early-stage capital investment or micro loans to accelerate company development. Supported by a consortium of Michigan SmartZones, and the MEDC, and funded by the Michigan Strategic Fund, this capital will extend the personal investment of entrepreneurs during the critical pre-seed stage when they are at or near commercialization.
The LEAP SpringBoard program provides access to the Business Accelerator Fund (BAF) and provides capital to established business accelerators in Michigan.These funds are provided for specialized services to early stage companies commercializing advanced technology that falls within one or more of the 21st Century Jobs Fund competitive edge technology sectors.
The Michigan Emerging Technologies Fund (ETF) is designed to expand funding opportunities for Michigan technology based companies in the federal innovation research and development arena. To that end, the Small Business & Technology Development Center (SBTDC) through the Michigan Strategic Fund (MSF) is dedicating up to $1.4 million to match federal funding opportunities for exceptional commercial opportunities in Michigan.