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Home / Start-ups / Pre-Seed Fund / The Role of a SmartZone
The Role of a SmartZone
Each Michigan SmartZone will help start-up companies in preparing their applications to the Pre-Seed Fund.
Click here for local SmartZone contact information.
Each
SmartZone will be responsible for extensive due diligence of the
potential deals and submit only those opportunities which have gone
through initial development and meet an agreed upon set of defined
criteria for potential pre-seed investment. These local funds may be
used to:
- Hire consultants to further flesh out a competitive analysis
- Prepare financial pro formas
- Develop plans to cross regulatory hurdles
- Other such issues that are typically required by investors before they will invest
The
SmartZone staff and its representative Investment Review Board (IRB)
member will determine if a Company meets criteria that are appropriate
to be presented to the full IRB.
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