The local nonprofit group that supports entrepreneurs and startup companies named a veteran venture capitalist as its new chairman.

Michael Elliott, managing partner of Noro-Moseley Partners, will serve a one-year term as chairman of the Council for Entrepreneurial Development starting July 1. He replaces SciQuest CEO Stephen Wiehe, who remains an officer on CED's executive committee.

CED was formed in 1984 and is now one of the country's largest support groups for entrepreneurs and small businesses, with more than 5,500 members.