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Due to regulation changes, individuals can now invest in private businesses without qualifying as an accredited investor, and the LEAP organization wanted to start to get involved with the benefits of this regulation at a local level. Fund Lansing doesn’t manage the entire process of accepting funds and outlining equity shares. It’s primary goal is to allow startup and established companies in mid-Michigan to post funding they need to grow or reach certain milestones and what they would be willing to do for the funding they are seeking.  They could ultimately work with a group of crowd sourced funders to raise money and then pay them back with interest or work out an agreement for equity in the business for the money raised.

The Fund Lansing initiative is a proof of concept and is in the very early stages.

Fund Lansing