Accelerate Michigan Innovation Competition Announces 53 Semi-Finalists

Semi-finalists for the $1 million Accelerate Michigan Innovation Competition were announced today.  The 53 semi-finalist companies will deliver their business pitches to investors on November 16-17 at the Ann Arbor-Ypsilanti Marriott at Eagle Crest for the chance to win cash and prizes. Ann Arbor area semi-finalists are Vinci Technology Corp, Current Motor,  ECO-Fueling,  Accio Energy,  Arbor …

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Ann Arbor SPARK Wins Excellence in Economic Development Award from the International Economic Development Council

We’re proud to have been recognized by the International Economic Development Council with an Excellence in Economic Development Award.  The award recognized the MichAGAIN campaign in the category of Human Capital for communities with populations of 200,000 – 500,000. “We recognize Ann Arbor SPARK for providing successful strategies to promote new standards in economic development …

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Akervall Technologies Repays $15,000 Michigan Microloan Fund Program Award

Akervall Technologies recently repaid its Michigan Microloan Fund Program award, making it the first microloan recipient to repay funding.  The company, whose work on the innovative Protech Dent™ mouth guard was also awarded phase I SBIR funding, repaid its $15,000 microloan in just 15 months, nine months before it was due. “Akervall Technologies is the …

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Live Event Streaming Kicks Off This Week!

We’re excited to kick off our live event Web streaming this week with three great events: Marketing Roundtable on September 13, BioArbor on September 14, and Deal Structures on September 15. The Marketing Roundtable, from 5:30-7 p.m., is on how to turn customers and stakeholders into advocates. Join consumer and business marketing experts as they …

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HookLogic Awarded $9.5M in Funding

HookLogic, the leader in e-commerce media, announced this week that it has been awarded a $9.5 million round of financing from Bain Capital Ventures. HookLogic will use the funding to further develop its unique Software-as-a-Service (Saas) platform and expand its business across the retail, travel and automotive sectors in North America and Europe. HookLogic is …

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Liebherr-Aerospace expands facility, adds 20 jobs

Liebherr-Aerospace, located in Saline, is adding 33,000 sq ft to its existing 100,000 sq ft facility.  As part of the company’s expansion, it will also add 15-20 new jobs.  This expansion will help the company accommodate increased demand for its services. “Liebherr-Aerospace is able to expand in the Ann Arbor region, in part, because of …

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Finding a Good Crop of Employees: NPR Offers Up Close Look at Michigan’s Agriculture Economy

A recent “Changing Gears” series on Michigan Radio explored Michigan’s agriculture economy.  In part five of the five part series, SPARK president and CEO Paul Krutko offers that “prospective workers want to take jobs in places where they know there are more jobs.” With his insight, Krutko explains that agriculture talent — and the needs …

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Ann Arbor SPARK Awarded $250,000 by U.S. Economic Development Administration to Develop Business Accelerator Model

Yesterday, the U.S. Commerce Department’s Economic Development Administration announced a $250,000 grant award to Ann Arbor SPARK.  The funding will support development of a business accelerator model that can be used by communities throughout the U.S. Initially, the model will be deployed in Washtenaw and Wayne counties, providing a full range of business development services …

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Hygieia Secures $1.5M in Capital to Accelerate Product Commercialization

Medical device firm Hygieia recently secured $1.5 million in investment capital from Oakwood Medical Investors, a physician-managed venture fund in St. Louis, Missouri. Hygieia has developed the Diabetes Insulin Guidance System (DIGS), a handheld device that helps insulin-takers effectively manage their diabetes. DIGS adjusts insulin dosage weekly, to help patients get better. The investment comes …

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Ann Arbor SPARK Hosts White House Business Council Roundtable!

Last week we hosted a White House Business Council Roundtable at our very own SPARK East facility in Ypsilanti.  The roundtable is a part of an ongoing series of roundtables that are hosted all over the country with the goal to bring together business leaders to hear about what is going on with the administration …

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DOE Puts Greater Emphasis on Commercialization of SBIRs

Check this out from DOE Director Manny Oliver.  More money for Phase I and II SBIRs and STTRs plus an upfront commitment from applicants that they have a commercialization plan for their technology.  Hurray. Since accepting the position as the Director of the SBIR/STTR Programs Office at DOE in December, 2010, I have been pleased …

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MichAGAIN event in D.C. gathers large crowd

     What do you get when you mix a handful of Michiganders and 125+ alums from the great state? An amazing night filled with networking, laughs, rivalry talk and memories. The Michigan Economic Development Corporation’s MichAGAIN Campaign was in full effect last night at Policy Lounge in Washington DC. The group of state and local …

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Congrats to Lycera: Biotech Company Moves to U-M’s NCRC

Congratulations to Lycera on graduating from our Michigan Life Science & Innovation Center biotech incubator to U-M’s North Campus Research Complex (NCRC)!  The move will accommodate the growing company’s need for more space; in the fall, Lycera will move into 14,000 square feet at NCRC. Lycera, a biopharmaceutical company and University of Michigan spinoff, pioneers …

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Ann Arbor Ranks Runner Up, American Cities of the Future Awards

Exciting news: Ann Arbor earned the runner up position and a top ten ranking in the fDi American Cities of the Future Awards 2011/12.  Our ranking, specifically in the Small Cities, Economic Potential category, also included Top Ten – Small Cities, Human Resources. fDi Magazine used a mixture of data and expert opinion to rank …

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Paul Krutko Appointed New CEO and President, Ann Arbor SPARK

Paul Krutko has been selected as the new president and CEO of Ann Arbor SPARK. Krutko will join the organization on April 18 and will oversee continued efforts to expand economic opportunities in the Ann Arbor region through collaboration with local, state, federal and university resources. Krutko brings over 31 years of economic and business …

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Kauffman Study Shows Impact of Business Accelerator Efforts on SE Michigan Start-Ups

A new Kauffman Foundation study shows the results of business accelerator efforts by Southeast Michigan’s economic development organizations.  Combined, Ann Arbor SPARK, Automation Alley, Macomb-OU INCubator and TechTown , collectively known as the Business Accelerator Network for Southeast Michigan, have: Created more than 1,000 jobs Invested approximately $18 million in hundreds of start-up companies Secured …

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Lakeside Software to Expand with New Ann Arbor Facility

Lakeside Software will grow its software development operations in Michigan, with a new location in Ann Arbor and an expansion to its existing operations in Bloomfield Hills.  The company recently received a Michigan Economic Growth Authority (MEGA) tax credit totaling $731,244 to help encourage the expansion. Lakeside Software plans to invest $6.1 million to expand …

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