MVCA Programs

The MVCA was awarded a grant by the Michigan Economic Development Corporation (MEDC) to implement "Venture Upstart" programs aimed at meeting the MVCA's mission of growing and sustaining a vibrant venture capital community in Michigan.  The Venture Upstart suite of activities consisted of an Executive in Residence, CEO Placement, MI Venture Fellows Program and Angel Network Growth.

Executive in Residence Program (EIR) - The EIR Program provides experienced entrepreneurs seeking their next business venture with an opportunity to join a venture firm. While in the program, EIRs provide both experienced management counsel to the venture firm’s current portfolio companies and assist the venture firm with the identification of new investment opportunities. The goal of the program is to match the EIR with a leadership need in a new portfolio company, jointly identified by the EIR and the venture firm. For more details on the program and application process, click here.

CEO Placement Program - The CEO Placement Program is designed to increase the number and quality of venture-backed executives in Michigan. The CEO Placement Program provides assistance to an existing portfolio company that is recruiting a CEO by subsidizing the CEO’s first year of compensation, assisting with the cost of an executive search, or a combination of both. For more details on the program and application process, click here.

MI Venture Fellows Program - The MI Venture Fellows Program is aimed at creating the next generation of venture capitalists in Michigan with track records by expanding job opportunities at Michigan venture capital firms. This 18-24 month program will allow up to 10 fellows in a three year period to be hired at the venture capital firms in Michigan. It is designed to develop, train and create opportunities for talented, emerging leaders who want to stay in Michigan or move back to Michigan to seek careers in venture capital.

Updated! Participating VCs: Detroit Venture Partners; Beringea; Michigan Accelerator Fund I; SWMF Life Science Fund
Candidates - For application process click here.

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Angel Network Growth Program - This program is designed to support the established angel groups in the state of Michigan to attract more members and enhance deal flow. These awards will be granted based upon the number of investments by the angel group in the prior 6 month period. The funds are to be used to support investment activities and member attraction.

For more information about MVCA Venture Upstart's talent and capital award programs, please contact the MVCA.