Venture Capital and Strategic Alliances are the primary source of third-party match funding for Michigan Entrepreneurial Growth Companies.
All businesses follow a life cycle, from start-up to dissolution.
The following chart describes business life cycles. High tech businesses follow a specialized business life cycle. Generally, high tech small businesses go through a series of growth stages where specific risks are addresses. Market Growth Rate Risk is the market growing fast enough to build a large company in a five-year time horizon. Risser, Robin F. Commercializing High Technology, Recommendations for Policy Makers.