$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...]

Kalyan Handique, Ann Arbor SPARK CEO Podcast

Kalyan Handique is the president and CEO of DeNovo Sciences, the 2011 grand prize winner of the Accelerate Michigan Innovation Competition. A graduate of the University of Michigan, Kalyan co-founded HandyLab in 2000. The company was acquired by Becton, Dickinson and Co. in 2009. In his conversation with Paul Krutko, president and CEO of Ann Arbor SPARK, Kalyan describes the region’s entrepreneurial ecosystem, the importance of leadership... [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...]

MI has new Tax Credit for Angels

Heading to the Governor for signature is HB 5921 the Small Business Investment Tax Credit bill.  Finally there is a credit Michigan Angels can use.  A big SHOUT OUT to Representative Ellen Lipton for proposing this bill and pushing it all the way to the goal line.  This legislation may prove to be one of the most important programs that will release the millions of private capital in Michigan that is currently sitting on the sidelines.  It also... [Read More...]

Michigan Capital Available

Next Tuesday we are updating everyone on all the state funded programs that can put cash in the bank account of start-ups and early stage companies.  Andy McColm at U of M Office of Tech Transfer, Ned Staebler from the MEDC and Iwill explain the ins and outs of the many programs available.  We will explain the qualifications for eligibility and processes to apply. The program will be streamed on the web live for those who cannot attend.  Go to http://www.annarborusa.org/start-ups/pre-seed-fund/live/... [Read More...]

Boot Camp & ACE

As a long time Boot Camp drill instructor I have had the good fortune to work with a number of early stage companies that have gone on to commercialize their technologies. An important step in that path is often soliciting and securing funding for the new business. One of the critical lessons that Boot Camp teaches is distilling the important elements of your business into a concise two minute presentation or “elevator pitch”. Armed with this... [Read More...]