ABOUT 21st CENTURY FUND
Investment Objectives
The investment objectives of the Program include the following:
- Target a superior internal rate of return on private equity, mezzanine and venture capital investments while contributing to economic diversification and job creation in the State of Michigan;
- Strengthen and diversify Michigan's economic base by investing in Michigan intended to foster the creation and growth of new jobs, new businesses, and new industries within the State;
- Promote the retention of businesses and jobs through investing in Michigan-based businesses;
- Encourage the development and commercialization of competitive edge technologies by supporting Michigan-based businesses;
- Encourage the development and growth of a Michigan-based venture capital, private equity and mezzanine investing community by seeking investments in Michigan based business;
- Help facilitate the transfer of technologies from the State of Michigan's various universities and research institutions to the private sector;
- Seek to attract investments from both regional and national private equity, mezzanine and venture capital funds; and
- Encourage public and private partnerships within the State of Michigan.
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