2017 West Michigan Entrepreneurial Study

Posted in Surge on August 21, 2017

2017 West Michigan Entrepreneurial Study Key Findings:

There are currently 28 active venture-backed startups in West Michigan; this represents 20 percent of the startup companies growing in Michigan.
In the last three years, there has been a 20 percent increase in the number of West Michigan startup companies.
50 percent of the startup companies that have received venture capital funding in the region are life science companies, and 29 percent are information technology companies.
36 percent of venture-backed startups in West Michigan are in the seed stage, 28 percent are in the startup/early stage, and 29 percent are in the growth/expansion stage.
There are six venture firms headquartered or with an office in the West Michigan; these firms represent 20 percent of the venture capital firms in Michigan.
In the last year, 13 startups in West Michigan received more than $58,000,000 from venture capital firms.

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