Michigan First Capital Fund

Michigan First Capital Fund is sponsored by Michigan First Capital Fund (managed by ID Ventures). A statewide investment fund in Michigan that provides pre-seed investment funding for tech startups.

Our funding is largely supported from philanthropic and state resources and is used to support Michigan startups seeking investment in the Pre-seed to Series A rounds. Our team will help determine which fund is right for your company. The First Capital Fund (FCF) provides an initial investment that is typically up to $150K with follow-on opportunities.

The fund is milestone-driven and focused on helping companies achieve additional funding from angel or venture investors within 12 months. FCF is for new technology companies at the earliest stages of commercialization in Michigan seeking pre-seed and seed stage investment.

Generous support of the First Capital Fund is provided by The Detroit Innovate Fund (DI) provides initial investments ranging from $100,000-$250,000 with follow-on capital available. We focus on assisting in the commercialization efforts of new technologies and scaling company sales. DI’s focus is on Michigan companies that have secured initial market traction and seeking Series Seed and Series A investment.

In addition to individual investors, the Detroit Innovate Fund is supported by The First Step Fund (FSF) is an industry-agnostic fund that deploys up to $50,000 in initial investments with follow-on capacity of $100,000 for qualifying companies. We partner with institutional funds and angel investors for investment rounds sized between $150,000 and $500,000. At this time, FSF is reserved for follow-on funding to our existing portfolio.

Generous support of the First Step Fund was provided by The FAM Program (Funding, Access and Mentorship) supports promising post-idea to early-MVP (minimal viable product) stage startups to fill the friends and family financing gap for underrepresented founders. Investment is $10-25k, and FAM participants are matched with a member of the ID Ventures team for a 3-6 month execution sprint.

After the sprint, companies are evaluated, and market opportunity reassessed to help with the plan to move forward. FAM is for Black, Latinx, Native American, and immigrant founders of new Michigan-based technology companies in the post-idea to early-MVP stage.

Generous support of the FAM Program is provided by IDV IV was launched in 2022 to address the significant 44% decrease of available capital for new venture investments in Michigan over the past five years. The Fund has broad industry coverage and focuses on core Michigan strengths in life sciences/healthcare, mobility/transportation, information technology, advanced manufacturing, materials, and consumer products.

Early-stage startups in Michigan seeking Seed and Series A investment. The Fund especially welcomes underserved entrepreneurs, including women, minority, and immigrant founders. The Michigan Innovation Fund was launched in 2025 to provide critical early-stage investment capital to Michigan’s startups, diversify the economy, and create a self-sustaining ecosystem that ensures economic progress for generations to come.

The initiative builds on the strength of established evergreen funds in Michigan, including ID Ventures. Returns from investments will recycle back into the funds, creating a sustainable cycle of support for future startups. Early-stage startups in Michigan seeking pre-seed, seed, and Series A investments.

The FUSE Fund is an early-stage investment initiative from ID Ventures designed to back student-led startups emerging from universities across Michigan. It provides small, fast capital alongside mentorship and ecosystem access to help founders move from early validation to building a real, operating company.

Student founders actively building early-stage ventures while in school, enrolled at a Michigan university or college, 2 or more founders, post-idea to early MVP stage.