Heralded by backers as a novel way for in-state businesses to raise capital, 2014’s Michigan Invests Locally Exemption (MILE) Act came with great promise.
GRAND RAPIDS — A West Michigan venture initially launched to connect college entrepreneurs across the U.S. with prospective alumni investors has merged with a U.K.-based crowdfunding platform for the education sector.
BENTON HARBOR — Whirlpool Corp. may have operated with a $579 million research and development budget last year, but the global appliance maker decided to tap into crowdfunding when it came time to launch a new product.
The opening of equity-based crowdfunding in the U.S. provides a new option for entrepreneurs to raise money from individuals who want to invest but don’t meet the definition of an accredited investor.
GRAND RAPIDS — A new crowdfunding platform aims to connect student entrepreneurs at colleges and universities with people willing to invest money and time in their ideas.
Thell Woods finally is pushing ahead with a series of crowdfunding platforms across Michigan that small business owners can use to raise startup capital from local investors.