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 to begin the commercial scale production and sale of Algamune™,... [Read More...]

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 has also received support from Ann Arbor SPARK through an investment... [Read More...]

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 Grand Angels and the Biosciences Research & Commercialization Center (BRCC), which invests in... [Read More...]

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: “The Michigan Microloan Fund Program is an exceptional... [Read More...]

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... [Read More...]

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 innovations taking root across the state,” said Skip Simms,... [Read More...]

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 hospitals. Tangent’s history with SPARK dates back to 2009, when they participated... [Read More...]

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 are currently employing 285 people throughout... [Read More...]

4 Companies Receive Michigan Microloan Funding

The Michigan Microloan Fund Program recently awarded four Michigan Companies a combined total of $122,000.  Akervall Technologies, Blaze Medical Devices, Ellison Corp. and Waste Water Heat Transfers Systems all received the funding to support commercialization of their core products. Akervall Technologies are based in Ann Arbor and have developed the Protech Dent™ mouth guard.  Blaze Medical Devices is also based in Ann Arbor and is developing... [Read More...]

SPARK Wins Midwest Collaboration Award

At the 2010 Midwest Collaboration Awards, as presented by the Midwest Technology leaders, Ann Arbor SPARK was honored for its collaboration with the Michigan Life Science and Innovation Center (MLSIC).  The award identifies, creates, supports, and honors impacting partnerships between Midwest companies and local individuals/groups benefitting the technology community.  The award was a result of SPARK’s work on vital entrepreneurial programs... [Read More...]

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