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The result? A skyrocketing number of new businesses.

Entrepreneurs and venture capital go hand in hand.

There’s no where that that is truer than in Michigan, where over the past five years, venture capitalism has increased by 84 percent in the state compared to a 13 percent drop nationwide, according to a report from Cassie Jones, the executive director of Michigan Venture Capital Association. Not only is Michigan ahead of the rest of the country, it also defeated its neighbors with more venture-backed deals in 2013 than Indiana, Minnesota and Wisconsin.

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To read the original article: Michigan Invests in Venture Capital