Algal Scientific Completes $3 Million Raise for Biotechnology Commercialization

NORTHVILLE, MICHIGAN, April 28, 2014 – Algal Scientific Corporation, a biotech developer and manufacturer of algae-based chemicals and a supplier of related technologies for the food and beverage industries, today announced that it has completed a $3 million financing led by Evonik Ventures, Formation8 Partners, and Independence Equity. “The completion of this funding allows us …

Read more Algal Scientific Completes $3 Million Raise for Biotechnology Commercialization

AlertWatch Inc. Receives FDA Clearance to Sell Software to Hospitals

AlertWatch Inc., a University of Michigan startup, has just received FDA clearance to sell its patient monitoring software to hospitals. This software helps anesthesiologists monitor patients in the operating room through the use of aggregate data from monitors, lab results, and medical histories. This software was originally developed at U-M’s Venture Accelerator, and the company …

Read more AlertWatch Inc. Receives FDA Clearance to Sell Software to Hospitals

Tetra Discovery Partners Reaches New $1 Million Strategic Funding Milestone with Grand Angels-led Investment

GRAND RAPIDS, Mich., Sept. 30, 2013 – Tetra Discovery Partners, a leader in the design of new therapeutics for major neurological conditions based on PDE4 modulation in the brain, today announced it has closed a $1,041,000 seed investment led by Grand Angels, a Grand Rapids, Mich.-based investment group. The investment in Tetra includes funding from …

Read more Tetra Discovery Partners Reaches New $1 Million Strategic Funding Milestone with Grand Angels-led Investment

Five Companies Receive Michigan Microloan Fund Program Awards

Five Michigan companies have received a combined total of $250,000 through the Michigan Microloan Fund Program, bringing the total amount loaned through the Fund to more than $3.8 million.  The companies received the funding to support commercialization of their core products. More information on the companies that received Michigan Microloan Fund Program support is available via video: …

Read more Five Companies Receive Michigan Microloan Fund Program Awards

Michigan Pre-Seed Capital Fund Invests $600,000 in Three Start-Ups

FOR IMMEDIATE RELEASE – ANN ARBOR, MICH. – JULY 9, 2012 – Three Michigan companies recently received investments from the Michigan Pre-Seed Capital Fund, totaling $600,000.  To date, the Michigan Pre-Seed Capital Fund, a collaborative effort of Michigan’s SmartZones to support start-ups’ product commercialization, has awarded 75 Michigan companies with seed funding totaling more than $16.5 million. The three companies recently awarded Michigan …

Read more Michigan Pre-Seed Capital Fund Invests $600,000 in Three Start-Ups

Twelve Companies Receive Michigan Microloan Fund Program Award

Twelve Michigan companies have received a combined total of more than $444,000 through the Michigan Microloan Fund Program, bringing the total amount loaned through the Fund to more than $2.4 million.  The companies received the funding to support commercialization of their core products. “The companies that received Michigan Microloan Fund Program awards represent the wide range of …

Read more Twelve Companies Receive Michigan Microloan Fund Program Award

Former Pre-Seed Funding Company Receives Venture Capitol Investment

Tangent Medical Technologies, a recipient of Pre-Seed Capital Funding in 2010 through Ann Arbor SPARK, has recently secured 4.5 million in venture capital to bring their product to market. This funding will accelerate the commercialization of Tangent’s medical device, the NovaCath™, which is designed to replace the intravenous drug systems that are currently used in …

Read more Former Pre-Seed Funding Company Receives Venture Capitol Investment

Michigan Pre-Seed Capital Fund Invests $2.5 Million in 2010

Several Michigan companies recently received investments from the Michigan Pre-Seed Capital Fund, pushing the total investments made through the Fund to over $11.6 million.  To date, 52 Michigan companies have received seed funding from the Michigan Pre-Seed Capital Fund, a collaborative effort of Michigan’s SmartZones. “Companies that received support from the Michigan Pre-Seed Capital Fund …

Read more Michigan Pre-Seed Capital Fund Invests $2.5 Million in 2010

Four More Michigan Companies Receive Support from Michigan Pre-Seed Capital Fund

Four more Michigan companies recently received investments from the Michigan Pre-Seed Capital Fund. To date, 38 Michigan companies have received seed funding from the Michigan Pre-Seed Capital Fund, a collaborative effort of Michigan’s SmartZones. Combined, Mandy & Pandy, Algal Scientific, Axenic Dental, and RealBio Technology received $924,000 from the Michigan Pre-Seed Capital Fund.

Read more Four More Michigan Companies Receive Support from Michigan Pre-Seed Capital Fund

MI Pre-seed Capital Fund changes announced

The state of Michigan, through the 21st Century Jobs Fund, has re-capitalized the Michigan Pre-seed Capital Fund.  The award of $6.8 million was approved by the SEIC board in March.   There are two significant changes affecting distribution of this new money.  One is the match for an investment is lowered to one-half to one. …

Read more MI Pre-seed Capital Fund changes announced

Michigan Pre-Seed Capital Fund Re-Funded

The SEIC Board yesterday (3/25/09) approved the proposal from Ann Arbor SPARK for the new $6.8 million pre-seed fund.  The new money comes from the unused dollars in the 2006 21st Century Jobs Fund competition.  These funds will be added to the current pre-seed fund which was nearly dry.  30 investments were made from the original funding in …

Read more Michigan Pre-Seed Capital Fund Re-Funded

Entrepreneur Boot Camp Applications Available

Ann Arbor SPARK’s Business Accelerator is now accepting applications for its next Entrepreneur Boot Camp, scheduled April 23-24. Teams interested in participating in the two-day business planning and preparation event must submit applications by March 30, 2009. For more info, check out http://www.annarborusa.org/start-ups/boot-camp/

Read more Entrepreneur Boot Camp Applications Available

MI Pre-Seed Capital Fund Q1 Investments

3 new investments made by PSF The Michigan Pre-Seed Capital Fund has made three more investments bringing the total number of investments to 22.  The three lastest investments were companies in Lansing, Kalamazoo and Ann Arbor. Two were life science companies and the third in homeland security and defense sector. Read the full press release …

Read more MI Pre-Seed Capital Fund Q1 Investments

Michigan Pre-Seed Capital Fund makes 4th Investment

SensiGen of Ann Arbor receives $250,000 from Pre-Seed Fund The Michigan Pre-Seed Capital Fund made its 4th investment last week.  SensiGen of Ann Arbor received a $250,000 investment as part of their $520,000 round.  SensiGen is a biotechnology company focused on gene based molecular diagnostics that will enable early detection of diseases. To date, SensiGen’s …

Read more Michigan Pre-Seed Capital Fund makes 4th Investment