The newly formed Midland, Michigan-based BlueWater Angels has made quite an entrance on to the angel investment stage. Started in October 2007, the group has already heard presentations from two companies and has announced plans to invest more than $1 million in promising mid-Michigan companies on an annual basis. They will work closely with the MidMichigan Innovation Center, a private, non-profit organization supporting entrepreneurs and start-up companies with resources, services, flexible facilities and entrepreneur training.

“MMIC got involved in establishing an angel investment network because capital was always the top issue facing our tenant companies,” said Brent Case, executive director of MMIC. “Having the BlueWater Angels in our backyard makes helping current tenant companies and attracting new companies to the region more feasible. Now mid-Michigan companies do not have to go out of state or to other regions in Michigan to secure capital.”

BlueWater Angels is using Angelsoft to accept business plans and manage the group’s activities. Interested companies can apply to the group here.

They have quickly become one of the more active groups on the system and we are excited to have them aboard!

Read more about the group here.

Matt Rosen :: Mar.06.2008 :: Angel Group Manager, Angel Investor, Angelsoft 2.0 ::