SSTI Digest

Geography: Midwest

Great Lakes Angels Invested More Dollars Than CA Angels, Halo Report Finds

In 2014, Angel groups in the Great Lakes region invested more dollars than anywhere else in the country, 17.2 percent of the U.S. total, including angel groups in California (17 percent). This marks the first time a U.S. region other than California led in dollars invested by angel groups since the Halo Report has started to track angel investments.  Rob Wiltbank, an author of the report, indicated that the Great Lakes region’s activity was driven by several large investments made by angel groups. The Angel Resource Institute’s 2014 Annual Halo Report data is based on 870 deals totaling $1.65 billion in total rounds including co-investors.

Small Business Administration Announces a Startup America Entrepreneurial Mentor Corps

The Small Business Administration (SBA) announced a new pilot program that will to support more than 1,000 startup and earlystage firms across the country. The goal of the Entrepreneurial Mentor Corps' (EMC) is to mobilize members of the current generation of successful business owners to mentor and support startups and entrepreneurs to help them become the next generation of great American companies. In February, SBA Administrator Karen Mills announced one of the EMC's first initiatives to match approximately 100 clean energy startups with mentors. Four regional ‘accelerators’ will identify and match mentors with the clean energy startups. The four accelerators funded in the initial stage of the EMC's clean energy project include:

Northeast-Midwest Institute Reports on Federal Spending by State

Despite small improvements, Northeast and Midwest regions lag behind the South and West in terms of dollars returned to states from taxes sent to Washington, according to a report issued by the Northeast-Midwest Institute.

VC Conference Correction

In the June 11, 1999 SSTI Weekly Digest, a mistake was made. The Great Midwest Venture Capital Conference has not yet selected any of the 30 presenting companies for the 1999 conference. The deadline for applications is August 27. More information on the registration process can be found at the conference website: 

Midwest VC Conference Seeks Presenters

The Ninth Annual Great Midwest Venture Capital Conference will be held November 8-9, 1999 in Indianapolis, Indiana. The Indiana Business Modernization & Technology Corp. (BMT) is seeking applications from emerging technology businesses to present their business profiles and capital needs to a variety of potential investors at the event.


Seven federal labs from the Federal Laboratory Consortium’s Midwest Region - representing the Air Force, Army, Navy, Department of Energy, NASA, Department of Agriculture, and the Environmental Protection Agency (EPA) - are cooperating in an initiative to help automotive manufacturers and suppliers access the resources of the federal laboratory system.