$2 Million Michigan Angel Fund Begins Investing in Early Stage Companies

The Michigan Angel Fund (MAF), a professionally managed equity fund focused on capital efficient early stage companies located in Michigan, recently closed the fund to new investors. MAF is a $2 million fund that, with more than 70 members, is the largest angel organization in Michigan. MAF has already made its first investment, in East …

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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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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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Congratulations to e-CYREN for Winning the Tweet Award!

At the Michigan Emerging conference on Wednesday, CYJ Enterprises won the Accelerate Michigan Innovation Competition Tweet Award.  The company’s Twitter submission focused on their business product, e-CYREN, a free online database of emergency information for schools and daycare programs. Their posting, “In case of emergency first responders can quickly alert loved ones and have access …

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Two Ann Arbor SPARK Companies Mentioned in Fortune Article

Fortune’s recent “Tales of Rejuvenation in Motor City” includes two companies from the Ann Arbor region. Velesco Pharmaceutical Services’ Gerry Cox talks about his transition from a large pharmaceutical company to founder of a start-up.  Velesco is an Ann Arbor SPARK Business Accelerator company. Danotek Motion Technologies, a company supported  through the Michigan Pre-Seed Capital …

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Ann Arbor SPARK Takes Top Honors at MEDA, IEDC Awards

Ann Arbor SPARK’s marketing materials recently took top honors from the Michigan Economic Development Association.  Also, our business accelerator was awarded honorable mention from the International Economic Development Council. For the MEDA award, Ann Arbor SPARK competed against other economic development organizations in the state serving the population of 100,001 to 500,000.   For IEDC, we …

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Reflection on the IEDC Annual Conference: Day Two

This week, I’m sharing my experiences from the International Economic Development Council (IEDC) 2010 Annual Conference in Columbus, Ohio. Day 2: It was a gloomy start with temperatures around 60 and rain but my morning tour of Technology and Higher Education really stood out in the trip. We toured the Ohio Supercomputer Center, TechColumbus, and …

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