Buycentives, CIMple Integrations and Local Orbit Awarded Microloans
Three Michigan companies recently received a combined total of $95,000 through the Michigan Microloan Fund Program. Buycentives, CIMple Integrations, and Local Orbit received the funding to support commercialization of their core products. Microloans available through the Michigan Microloan Fund Program range from $10,000 to $50,000. To qualify, companies must be a small business located in Michigan, have ownership or license to innovative technology,... [Read More...]
Ann Arbor SPARK Assists Applicants with Recovery Zone Bonds
Ann Arbor SPARK is assisting applicants with funding available through Recovery Zone Economic Development and Facility Bonds. Appropriated through the American Recovery and Reinvestment Act of 2009, Recovery Zone Bonds provide reduced rate financing and stimulate economic growth in Recovery Zones. In Washtenaw County, over $33 million is available through the Recovery Zone Facility Bonds program. An additional $17 million is available in the City... [Read More...]
Angel investors needed in Michigan
Check out this article in Metromode. http://www.metromodemedia.com/features/detroitangelinvestors0150.aspx It talks about angel investing and the need for more angels in Michigan. They highlight two important people in this space, Rick Galdi and Terry Cross. Great testimonials from these guys. The reporter did a good job contacting several people involved with the angel community who know the importance of developing a strong angel base... [Read More...]
Four Michigan Companies Receive Combined Total of $170,000
Four companies recently received a combined total of $170,000 in funding from the Michigan Microloan Fund Program. CTC Holdings, Energy Management Devices, MemCatch and Motor City Wipers will use the microloan funding to commercialize their products and accelerate business growth. Read more… Read More →
RealKidz Awarded Eastern Washtenaw Microloan Funding
RealKidz, a clothing company aimed at above-average and average-sized girls, was recently awarded a loan from the Eastern Washtenaw Microloan Fund, a funding opportunity for start-ups that’s part of the Michigan Microloan Fund Program. RealKidz will use the funding to expand its commercialization efforts through an online social network for families to help them support their daughters and make healthy lifestyle choices. Read more… Read More →
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… Read More →
New Eagle Receives First Eastern Washtenaw Microloan Fund
We are pleased to announce that New Eagle, a technology-enabled service provider, was recently awarded the first loan from the Eastern Washtenaw Microloan Fund. This is a funding opportunity for start-ups that’s part of the Michigan Microloan Fund Program. Washtenaw County helped to fund the Michigan Microloan Fund Program to help companies like New Eagle, based in Ypsilanti, Mich., who will use the microloan to commercialize its MotoHawk® software. Read... [Read More...]
Four Michigan Companies Receive $125,000 from Ann Arbor SPARK’s Microloan Program
Four more companies have received funding from the Michigan Microloan Fund Program, administered by Ann Arbor SPARK. Allinnova, Procuit, Solarflex, and The Whole Brain Group will use the funding to commercialize their products. The Michigan Pre-Seed Capital Fund, the Ann Arbor Local Development Financing Authority and Washtenaw County support the Michigan Microloan Fund Program. Read more… Read More →
Systems In Motion Selects Ann Arbor
Systems In Motion, a Silicon Valley-based IT services firm, has chosen to locate a new support center in the Ann Arbor region. Systems In Motion was approved today for state tax credits by the Michigan Economic Growth Authority board, and will also receive support from Ann Arbor SPARK, the Michigan Economic Development Corporation, Washtenaw County Employment Training and Community Services (ETCS-Michigan Works!), Michigan Department of Information... [Read More...]
Micro loans becoming very popular
Six months ago there was no such thing as a loan for a pre-revenue, innovative start-up company. Today, if you are in Washtenaw county there are three sources for loans. There has been a lot of press about these micro loans the past few weeks. Expect a lot more. We have made four loans to companies around the state through the Michigan Pre-Seed Capital Fund program totalling $137,500 in just three months. Applicants for the Ann Arbor and... [Read More...]
