Michigan Capital Network + Bluewater Angels join forces with CMURC

Michigan Capital Network and Midland-based Bluewater Angels (BWA) investing group, announced today a new partnership with the Central Michigan University Research Corporation (CMURC). The purpose of this new alliance is to strengthen

the entrepreneurial ecosystem in the Great Lakes Bay Region, helping more business connect with prospective investors.

“The value of this new partnership is in the connection it will foster for startup businesses in the region and early stage investors,” said Leland Richards, director of BlueWater Angels. “CMURC has four business hubs that have a proven record of accelerating business growth. Our state’s economy and our investors will benefit from being more closely aligned with their organization.”

BlueWater Angels is one of five regional angel investing groups that make up the Michigan Capital Network (MCN) trade association. Combined, the association has over 160 active members with investments in nearly 100 companies, generating more than 2,000 jobs through those investments.

“We are fortunate to be able to join forces with BlueWater Angels and Michigan Capital Network as it aligns with our designated Michigan Economic Development Corporation strategic partnership for providing business guidance and helping companies with fundraising effort,” said Erin Strang, president and CEO of CMURC. “As a research-based business acceleration group, we strive to nurture entrepreneurs. When that happens, they will be able to garner the attention of prospective investors through this alliance.”

The agreement will establish a more collaborative and strategic method for connecting entrepreneurs and startup companies with angel investors through pitch nights and similar meet and greet events throughout the region. The first event will take place on March 9, 2022, at CMURC’s Midland coworking space. Those interested in learning more about this event may contact organizers at lee@michigancapitalnetwork.com.

“As the largest and most active angel investing association in the state, we are always looking to create new opportunities for business growth and investment,” said Paul D’Amato, CEO of Michigan Capital Network. “This new partnership with CMURC is a meaningful step in boosting new business development opportunities in the mid-Michigan region.”