VENTURE (248) fund / $30M

Venture (248) is an equity-based venture fund that was created to fund and grow Second Stage Michigan Tech companies. Its sole purpose is to grow the Michigan Tech Startup ecosystem. The fund will match the founder(s) capital investment of up to $750K per deal for qualified startups.

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MINIMUM QUALIFICATION:

Companies that are considering applying must be qualified based on the following:
1. Company must be registered in the State of Michigan.
2. Company must be in located in the State of Michigan.
3. Company ownership with minimum of 51% ownership by Michigan residency.
4. Must be a for-profit entity.
5. Must have a fully functioning MVP and be Market-Ready.

FUNDING REQUIREMENTS:

Companies that will qualify for the fund will be required to agree to the following conditions:
1.Company must commit to stay in the State of Michigan for at least 5 years.
2. Hiring within the Michigan workforce.
3. Have a Management team.
4. Have an Advisory board.
5. Pass the Due-Diligence Process.

How does the process work?

The Process

Application Submission

0 - 14 Days

Application Review

14 - 25 Days

Due Diligence

25 - 30 Days

Final Selection

30 - 35 Days

Final Decision

35 - 45 Days

Deal Closure

How to apply?

To make sure that we process your request quickly and efficiently, we will be using Sidepitch as our Venture Fund management system.

Please read the instructions and follow the process for quick turn around. We will not respond until the application process is complete and submitted.

Please use our unique Pitchmark -$cityside

Thank you!
City Side Management Team

The Fund Focus on:

What industries and market segments the fund is designed for?
  • Mobility
  • Medical & Healthcare Tech
  • Manufacturing 4.0
  • Automotive Tech
  • Blockchain
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