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...]
3 Michigan Companies Receive Michigan Microloan
Ann Arbor SPARK is excited to announce that Inventure Enterprises, LED Optical Solutions and RiserCam have all received funding that will support the commercialization of their core products. Funding came from the Michigan Microloan Fund Program which has invested in total $1.1 million and collectively contributed $121,000 to these three new Michigan companies. Inventure Enterprises is based in East Lansing and is a global provider of management... [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 →
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...]
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. In other words to ask for a $200,000 investment from the fund a company only needs $100,000 of matching investment from... [Read More...]
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 just two years. The MEDC provided another $1.5 million last fall and allowed three more investments... [Read More...]
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 →
