Michigan Venture Capital Association puts $3.1 million into new programs
Michigan's emerging venture capital community has taken some significant steps forward in the last few years, welcoming a handful of new VC firms and watching one of its star players cross the $100 million mark. These are among the first fruits harvested from continued work to build up the state's investment community. The Michigan Venture Capital Association looks to continue that with a few new programs focused on growing the state's... [Read More...]
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 in this period of global recovery,” said Dennis Coleman,... [Read More...]
Ann Arbor SPARK scores $10.8M for investments and programs
Ann Arbor SPARK plans to spread $10.8 million it received from the state last week toward replenishing the Michigan Pre-Seed Capital Fund, funding the Accelerate Michigan Innovation Competition and starting the Michigan Angel Fund. The Michigan Economic Development Corp awarded the money from the state’s 21st Century Jobs Fund. Most of it, $9.17 million, will go toward reloading the four-year-old Michigan Pre-Seed Capital Fund. The $14 million... [Read More...]
Michigan Pre-Seed Capital fund recipient Limo-Reid pays back $750,000, plus interest, to 3 investors
As reported by Tom Henderson, Crain’s Detroit Business September 30, 2009 Ann Arbor Spark, as well as two other community-development organizations, have been repaid with interest for early support of a Deerfield-based company that hopes to revolutionize transmission systems for trucks and military vehicles.Limo-Reid Inc. has paid back $250,000, plus interest, that Spark loaned to the company as part of the Michigan Pre-Seed Capital Fund... [Read More...]
