$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 Lansing-based BioPhotonics Solutions, a Michigan State University spin-out venture, producing technology that automates... [Read More...]

MichBio Expo Brought the Who’s Who in Michigan Biotech

East Lansing, MI — MichBio, the association for Michigan’s biosciences industry, welcomed approximately 300 bioscience professionals and service providers to its eighth annual Expo & Conference held November 7-8 at the Kellogg Hotel & Conference Center in East Lansing, MI. The MichBio Expo is the largest annual gathering of Michigan bioscience industry professionals. The first day of the event kicked off with a bus tour of local bioscience... [Read More...]

Buycentives Cites Microloan Funding in Article About its Success to Date

In a recent interview with Xconomy, local start-up Buycentives cites Ann Arbor SPARK’s microloan funding program as critical support for its growth.  Buycentives also mentions its time as part of our incubator as having impacted its evolution to date. “The startup, founded in 2009 and incubated at the Ann Arbor SPARK program, is talking with potential customers in the auto space and is looking to begin a pilot program in the coming... [Read More...]

Angel Tax Credits better than a Capital Gains Tax Cut

There are some politicians who actually get it.  I’m not talking about a certain gubenatorial candidate.  I’m referring to some state and federal legislators.  Here’s the latest example. Maryland Congressman Chris Van Hollen has joined Congresswoman Betty McCollum (D-MN), Congressman C.A. Dutch Ruppersberger (D-MD), Congresswoman Allyson Schwartz (D-PA), and Congressman Jared Polis (D-CO) in introducing the Innovative Technologies... [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...]

Entrepreneur awards and VC program features SPARK’s Amy Cell

From Crain’s Detroit Business Nov. 11, 2009; “The seven winners joined about 140 attendees this morning at a networking breakfast followed by peer-to-peer strategy sessions. Chris Rizik, president and CEO of the Renaissance Venture Capital Fund, presented a session on pitching to venture capitalists and angel investors with Amy Cell, vice president of Ann Arbor Spark. It’s important to understand the role of venture capital, Rizik... [Read More...]