A Few Fundraising Basics for New Startups

  Entrepreneurs face an uphill battle when attempting to raise capital to grow their business.  The reality is that the probability of raising “risk capital” – namely venture or angel capital – is very low for most startups.  Some of the common reasons companies don’t qualify include: Not in a high-enough-growth technology sector Product isn’t …

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Angel Investing in Michigan

Angel investing is becoming a topic of discussion around the state.  Angels and entrepreneurs are the job creators in our country.  The entrepreneur brings the ideas, technology, and business opportunity while the angels provide the capital and management experience and strategic thinking that help startups grow and prosper.  Startups create more net new jobs than …

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Larry Freed: Ann Arbor SPARK CEO Podcast

Larry Freed is managing partner of Second Stage Partners, where early and second stage companies are assisted with efficiently increasing their revenue to achieve business maturity. In his conversation with Paul Krutko, president and CEO of Ann Arbor SPARK, Larry discusses his success as president and CEO of ForeSee, the launch of Second Stage Partners, …

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Focused on the Future, Ann Arbor Michigan

This article was originally published at Business In Focus, for the August 2014 issue.  The community grew up around the University of Michigan, which is one of the top three publicly funded research universities in the nation. The institution both attracts and develops talent, and encourages a culture of innovation. “Ann Arbor is a significant …

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Ann Arbor SPARK Awarded $500,000 for Michigan Angel Fund

Ann Arbor SPARK has been awarded $500,000 from the Michigan Strategic Fund for continuation of the Michigan Angel Fund (I), and to establish the Michigan Angel Fund II. “The success of the Michigan Angel Fund shows that there’s a real need for this type of very early stage capital in the state, and a pool of …

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TurtleCell Graduates from SPARK Central Business Incubator to New Kerrytown Ann Arbor Office

 TurtleCell, creator of the first protective case for the iPhone 5 and 5s with retractable headphones, recently graduated from its incubator space in SPARK Central to a new office in Ann Arbor. Prior to SPARK Central, TurtleCell, which was founded by graduates from the University of Michigan, was incubated at TechArb. A video on Ann …

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Ann Arbor SPARK, Washtenaw County and A2Y Chamber Launch Virtual Business Advisor

Free Online Tool Offers Business Assessment, Benchmarks and Education Ann Arbor SPARK, Washtenaw County, the A2Y Chamber of Commerce, and New Zealand-based QLBS have collaborated to launch the Virtual Business Advisor, a self-assessment tool that aims to assist entrepreneurs and early stage businesses as they work towards their next stage of growth. Ann Arbor SPARK was …

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Virta Laboratories Wins Ann Arbor SPARK’s Best of Boot Camp

Virta Laboratories, Inc. was awarded Best of Boot Camp at the conclusion of Ann Arbor SPARK’s 24th Entrepreneurial Boot Camp. Virta Labs was chosen as winner by a panel of investors and industry experts who rated Boot Camp participants’ pitches. As Best of Boot Camp winner, Virta Labs received membership to the New Enterprise Forum …

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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 …

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Innovative new product puts Ann Arbor start-up in the national spotlight

When Edward Tang saw the initial ideas and technology that would turn into Glyph, he was floored. Tang, now the CEO of Avegant — the company behind the retinal display headset known as Glyph — was visiting his friend-turned business partner Allan Evans in Washington. When he saw what Evans had conceptualized and worked on, …

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New Incubator for Higher Education Technology Startups Launches in Ann Arbor, Michigan

Press Release from Eduvators: A New incubator for startup companies in the higher education technology space has been created in Ann Arbor, Michigan.  “Eduvators” is designed to work in concert with the University of Michigan TechArb, providing space, Internet and business and technical mentorship to startups with prototype technologies for higher education.  The incubator will …

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Hertz Alerts Wins Connected Vehicle Hackathon

Ann Arbor SPARK, in collaboration with Redwood City, California based NestGSV, recently hosted a connected vehicle hackathon. The Ann Arbor-based Hertz Alerts team won the Hertz challenge track grand prize, an Xbox One Titanfall Bundle, as well as the Ann Arbor grand prize of $10,000 of business acceleration services from Ann Arbor SPARK and a …

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Mary Sue Coleman Receives Leadership Award

Mary Sue Coleman, President of the University of Michigan, was awarded the Institutional Leadership Award by the International Economic Development Council (IEDC), for her extraordinary efforts in promoting economic development.  The honor was presented during IEDC’s Federal Economic Development Forum, March 23-25 in Alexandria, VA. “The Institutional Leadership Award celebrates a leader of a community …

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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 …

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Ann Arbor Start-ups Compete in ‘World’s Largest Business Plan Competition’

Several companies that Ann Arbor SPARK provides entrepreneurial services to participated in the Accelerate Michigan Innovation Competition. Blaze Medical Devices, Ornicept, Patient Provider Communications, Plan Reaction, Showtown, TM3 and TurtleCell all vied for cash prizes in what’s been dubbed “the world’s largest business plan competition.” Helping start-ups accomplish more is something these entrepreneurs looked forward …

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PlanReaction Wins Ann Arbor SPARK’s Best of Boot Camp

PlanReaction was awarded Best of Boot Camp at the conclusion of Ann Arbor SPARK’s 23rd Entrepreneurial Boot Camp. PlanReaction was chosen as winner by a panel of investors and industry experts who rated Boot Camp participants’ pitches. As Best of Boot Camp winner, PlanReaction received membership to the New Enterprise Forum (NEF) and a NEF coaching …

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ACE’14 Expects Standing-Room-Only for Entrepreneur Exhibits and Seeks Entries for the ACE Elevator Pitch Competition

ANN ARBOR, MI November 6, 2013 – The Annual Collaboration for Entrepreneurs (ACE) event is Michigan’s premier business showcase for launching entrepreneurs and unveiling Michigan business startups and exhibitors to the growing Michigan entrepreneurial community.  ACE’14 will be held Thursday, January 30, 2014 at Burton Manor in Livonia, MI., and anticipates more entrepreneurs and exhibits …

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Ann Arbor SPARK opens ‘stage-two’ incubator for growing startup companies

Article originally published on MLive.com. Written by Ben Freed. Like the baby birds that emerged from the first egg-hatching incubators, startups coming out of business incubators often face the most perilous time of their “life-span” right as they leave their comfortable and controlled confines. Ann Arbor SPARK operates the SPARK Central incubator on East Liberty …

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Ann Arbor SPARK Recognizes Consistent Company Growth with FastTrack Awards

Ann Arbor SPARK recently presented its annual FastTrack awards to Washtenaw-based companies that have demonstrated consistent growth. Several of the 2013 FastTrack award recipients were multiple year winners. “To grow a business is an amazing accomplishment, but to grow it consistently at a rate of 20 percent or more is an achievement worthy of recognition …

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