GRAND RAPIDS, Mich. (AP) — West Michigan entrepreneur Rick DeVos’ Start Garden venture capital effort has invested more than $2.3 million in over 100 projects during its first year.

Recommended Stories

Delta cuts service allowing Congress to bypass TSA lines until funding is restored

FCC quickly approves Tegna-Nexstar merger after states sought to block it

Acting DOJ antitrust chief denies Paramount-WBD merger will be approved for political reasons

Start Garden began last spring, investing $5,000 in two potential business ideas each week. The fund is backed by $15 million from DeVos’ family, and ideas that take root get additional funding.

DeVos on Thursday is offering an update in Grand Rapids about Start Garden, which plans to invest most of rest of the fund’s remaining money during the next two years. DeVos says he’s encouraged to see “hustle” and “hunger” among entrepreneurs.