Angel Investing in Michigan

Angel investing is becoming a topic of discussion around the state.  Angels and entrepreneurs are the job creators in our country.  The entrepreneur brings the ideas, technology, and business opportunity while the angels provide the capital and management experience and strategic thinking that help startups grow and prosper.  Startups create more net new jobs than any other sector of the economy over time.  Angels move our overall economy forward... [Read More...]

Entrepreneurship Resources for Your First or Tenth Start-Up

Do You Already Lead a Business or Are You Considering a Start Up? Starting your own business is a big step, but one you don’t have to take alone. Utilize the power of our community for your best chance at success. If you currently own a business or are considering the possibility, here are some resources to consider:   UPCOMING PROGRAMS Annual Collaboration for Entrepreneurship (ACE), January 31 ACE is the place where Great Lakes region entrepreneurs... [Read More...]

SPARK Hosts 20th Entrepreneur Boot Camp

This past month Ann Arbor SPARK put on it’s 20th Entrepreneurial Boot Camp. We had 14 participants, many of which came from all over the state.  With companies from Detroit to the U.P., this program reached greatly outside of Ann Arbor. Warmilu, LLC won "Best Pitch" at this year's boot camp. Warmilu has developed and is commercializing nonelectric, instant heat technology, specifically for infants. The camp is a 2-day intensive... [Read More...]

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 to bring a product to market,” said Skip Simms, Ann Arbor SPARK senior vice... [Read More...]

Akervall Technologies Repays $15,000 Michigan Microloan Fund Program Award

Sassa Akervall, COO of Akervall Technologies, and Skip Simms, senior vice president of Ann Arbor SPARK Akervall Technologies recently repaid its Michigan Microloan Fund Program award, making it the first microloan recipient to repay funding.  The company, whose work on the innovative Protech Dent™ mouth guard was also awarded phase I SBIR funding, repaid its $15,000 microloan in just 15 months, nine months before it was due. “Akervall Technologies... [Read More...]

Lakeside Software to Expand with New Ann Arbor Facility

Lakeside Software will grow its software development operations in Michigan, with a new location in Ann Arbor and an expansion to its existing operations in Bloomfield Hills.  The company recently received a Michigan Economic Growth Authority (MEGA) tax credit totaling $731,244 to help encourage the expansion. Lakeside Software plans to invest $6.1 million to expand existing operations in Bloomfield Hills, as well as locate operations in Ann... [Read More...]

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 are currently employing 285 people throughout... [Read More...]

California’s Innovation Model… Michigan?

A great article in the San Fransisco Business Times talks about how California can get its “innovation game back,” it should follow Michigan’s example. Photo courtesy of San Fransisco Business Times Noted venture capitalist Tom Baruch offers insight on where we’re  getting it right and what other states can learn from Michigan. The article notes Michigan’s robust entrepreneurial eco-system as having an impact on our... [Read More...]

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, 42 companies have received over $1.6 million... [Read More...]

FastTrack Award Applications Open Until October 15

Ann Arbor SPARK is now accepting applications for the 2010 FastTrack business awards.  Applications are due by October 15.  Click here to apply. FastTrack awards are presented to companies with consistent records of growth. For the 2010 FastTrack awards, companies are required to have revenue of at least $100,000 in 2006, and average growth of 20 percent for the following three years.  To qualify, companies must report 2009 revenues greater than... [Read More...]

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