With an eye to stimulating the launch of new businesses in the fields of technology, medical devices, and recycled goods, a Zeeland economic development corporation has made $1 million available as seed money. Entrepreneurs receiving the money will launch their businesses as part of a local business incubator.
According to excerpts from the story:
Lakeshore Advantage, the Zeeland-based regional economic development firm, announced Tuesday that it has started a $1 million seed fund for early investment in local start-up companies.
"Our typical investment will be between $50,000 and $100,000, and we hope to invest in about 10 to 15 different companies over a period of time," Lakeshore Advantage President Randy Thelen said. "It could take us two to three years or three to five years."
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