Venture Michigan Fund - 271-0435-16

Description

The Venture Michigan Fund (VMF) is a charitable nonprofit corporation (501(c)(3)) created under the Michigan Early Stage Venture Investment Act, Public Act 296 of 2003. VMF’s goal is to promote Michigan’s economic health by assisting in the creation of new jobs, new businesses, and new industries within Michigan by investing in certain businesses that focus on areas including, but not limited to, alternative energy technology, high-technology, and healthcare. To help attain that goal, VMF obtained private financing of $450.0 million to invest in these early-stage companies.

Audit Objectives

  1. To assess VMF’s compliance with select legislative and contract requirements.

  2. To report other information related to VMF activities.


Timing

Estimated Release Date: Mid 2017


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