Ann Arbor VC firm formed to capitalize Midwest companies

Successful local venture capitalists Rick Snyder and Chris Rizik have teamed up to start Ardesta Ventures I, a venture capital firm that will invest in nanotechnology, life science and alternative energy companies in the Midwest.    

Excerpt:

“This new fund with experienced principals deeply rooted and connected with Michigan’s university, research and business communities, will play a key role in the formation of the next generation of high-tech companies that will create good-paying jobs in Michigan,” said James Epolito, president and CEO of the MEDC, in a press release.

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