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: …

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Nine Companies Receive Michigan Microloan Fund Program Awards

Nine Michigan companies have received a combined total of more than $397,000 through the Michigan Microloan Fund Program, bringing the total amount loaned through the Fund to nearly $3.6 million.  The companies received the funding to support commercialization of their core products. “The Michigan Microloan Fund Program helps businesses across the state bring innovative ideas to market …

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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 …

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Nine Companies Receive Michigan Microloan Fund Program Support

Nine Michigan companies have received a combined total of more than $478,000 through the Michigan Microloan Fund Program, bringing the total amount invested through the Fund to more than $2 million.  The companies received the funding to support commercialization of their core products. “Microloan funding, by design, is that bit of extra support that a company needs …

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Michigan Pre-Seed Capital Fund Invests $585,000 in Three Start-Ups

Three Michigan companies recently received investments from the Michigan Pre-Seed Capital Fund, totaling $585,000.  To date, the Michigan Pre-Seed Capital Fund, a collaborative effort of Michigan’s SmartZones, has awarded 63 Michigan companies with seed funding totaling more than $14 million. The Michigan Pre-Seed Capital Fund companies have attracted more than $18 million in matching grant …

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Ann Arbor SPARK awarded $500,000 from the MEDC for SPARK East Incubator

Ann Arbor SPARK was recently awarded $500,000 from the Michigan Economic Development Corporation’s (MEDC) 21st Century Jobs Fund. The funding will support the Ann Arbor SPARK East business incubator. “MEDC support for Ann Arbor SPARK’s East incubator extends and enhances opportunities for start-ups throughout the region,” said Paul Krutko, president and CEO, Ann Arbor SPARK. …

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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 …

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Three Companies Receive Combined $110,000 From Michigan Microloan Fund Program

Three Michigan companies recently received a combined total of $110,000 through the Michigan Microloan Fund Program, bringing the total amount invested through the Fund to over $1.69 million. GreenSand Corporation, iQ-Telematics and MyBandStock Corporation received the funding to support commercialization of their core products. Since the Michigan Microloan Fund Program was established in July 2009, …

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Interest in 21st Century Jobs Fund Competition Low

Very few companies have registered to apply for 21CJF competion Have you thought about applying for the 21st Century Jobs Fund pool of $30 million and decided not to?  THINK AGAIN. Only 30 companies have registered so far for the competition.  That’s not much competition.  The word is, apply even if you don’t think you …

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21CJF Update

New information about application content Have you read the FAQ regarding the 21st Century Jobs Fund competition recently?  Here’s the link: http://ref.themedc.org/cm/attach/18efd0c7-95d3-4a2f-89e4-cae672d8ecd2/20080428_FAQs.pdf Here are some highlights that shed more light on  the RFP. You already know there will be 2 types of loans, a straight loan and a convertible note.  Which will apply to you?  …

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21st Century Jobs Fund Survey

Survey of companies considering an application for the competition Shepherd Advisors is conducting a volunteer survey of companies considering application to the 21CJF competion.  http://www.surveymonkey.com/s.aspx?sm=pub_2bWsXr5QdcceT8FBMjIw_3d_3d The survey is short and is designed to capture some very general information about interested applicants.  By collecting this info we may get a sense of just how many applications …

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21st Century Jobs Fund next round delayed

SEIC Board meeting canceled 2/25/08 Yesterday’s meeting of the SEIC Board was canceled since not enough members could attend to make a quorum.  Their next meeting is March 12.  See their schedule for the year here: http://www.themedc.org/Boards-Committees/SEIC-Board/Default.aspx The main item on the agenda yesterday that is now delayed two weeks was to approve the announcement …

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Next Round for 21st Century Jobs Fund ‘On Hold’

February SEIC Board Meeting cancelled The Michigan Strategic Fund Board meets next Wednesday.  Although the minutes of their January meeting are not on-line yet it is common knowledge that they did not approve the SEICs request to start a new round of funding for Michigan start-ups.  The MSF wants to use the $34 million for …

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