The state of Michigan has allocated $23 million to the Michigan Innovate Capital Fund, according to a report from Crain's Detroit Business. The fund is intended to help Michigan-based startups and small businesses access capital to grow their operations. The fund is managed by Invest Detroit Ventures, a venture capital firm that focuses on early-stage investments in Michigan-based businesses. The fund has already invested in more than 20 Michigan-based startups since its launch in 2017. 

BryteBridge, a technology company, recently announced a new microgrant program to help emerging nonprofit organizations. The program will provide resources to help them grow and develop their operations. The microgrants will be awarded to organizations that demonstrate a commitment to making a positive impact in their communities. The program will also provide mentorship and guidance to help the nonprofits reach their goals. 

Okta for Good—the social impact initiative created by Okta—recently announced new initiatives aimed at expanding the effort to close the cybersecurity gap for nonprofit organizations. According to the company, only one in three nonprofits have the resources and expertise to protect their data and systems from cyberattacks, leaving them vulnerable to attack. The impact of a successful attack can be devastating.