MVCA Outreach Trip: Michigan & Ohio Rivalries Disappear When Discussing Innovative Ideas to Grow Our Region’s Economy
Tuesday, January 01, 2019
The Ohio venture capital community has seen continued growth since our last extended visit, so MVCA was eager to get back to connect with our members and out-of-state partners! Between meetings with some of Ohio’s leading venture firms and an evening spent at the VentureDinner, I found a lot has changed in their entrepreneurial ecosystem.
We were pleased to have MVCA member Hirak Parikh, Program Manager for the Monroe-Brown Biomedical Seed Fund at the University of Michigan, join us on our trip. Hirak helped us answer the often-asked question, “What are some of the great ideas coming out of Michigan’s universities?” His $3 million fund provides necessary early-stage capital to promising University of Michigan biomedical startups to help commercialize their research, bridging the gap between existing University of Michigan grant programs and traditional venture capital.