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...]
Liebherr-Aerospace expands facility, adds 20 jobs
Liebherr-Aerospace, located in Saline, is adding 33,000 sq ft to its existing 100,000 sq ft facility. As part of the company’s expansion, it will also add 15-20 new jobs. This expansion will help the company accommodate increased demand for its services. “Liebherr-Aerospace is able to expand in the Ann Arbor region, in part, because of its access to highly skilled, technical talent,” said Paul Krutko, Ann Arbor SPARK president... [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...]
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...]
Three More Companies Receive Microloans
Three Michigan companies recently received a combined total of $140,000 through the Michigan Microloan Fund Program, bringing the total amount invested through the Fund to over $1.4 million. Detroit Electric, Ergun Technologies, and Local Orbit received the funding to support commercialization of their core products. Read about the companies. Read More →
Three Companies Receive Michigan Microloan Funding
Three Michigan companies recently received a combined total of $104,000 through the Michigan Microloan Fund Program. This brings the total amount invested through the Fund to over $1.3 million. Terra-Telesis, KnowledgeWatch, and uwemp received the funding to support commercialization of their core products. Terra-Telesis is based in Okemos and received Microloan funding for the commercialization of emerging technology based on its unique low profile,... [Read More...]
Buycentives, CIMple Integrations and Local Orbit Awarded Microloans
Three Michigan companies recently received a combined total of $95,000 through the Michigan Microloan Fund Program. Buycentives, CIMple Integrations, and Local Orbit received the funding to support commercialization of their core products. Microloans available through the Michigan Microloan Fund Program range from $10,000 to $50,000. To qualify, companies must be a small business located in Michigan, have ownership or license to innovative technology,... [Read More...]
Ann Arbor SPARK Assists Applicants with Recovery Zone Bonds
Ann Arbor SPARK is assisting applicants with funding available through Recovery Zone Economic Development and Facility Bonds. Appropriated through the American Recovery and Reinvestment Act of 2009, Recovery Zone Bonds provide reduced rate financing and stimulate economic growth in Recovery Zones. In Washtenaw County, over $33 million is available through the Recovery Zone Facility Bonds program. An additional $17 million is available in the City... [Read More...]
Four Michigan Companies Receive Combined Total of $170,000
Four companies recently received a combined total of $170,000 in funding from the Michigan Microloan Fund Program. CTC Holdings, Energy Management Devices, MemCatch and Motor City Wipers will use the microloan funding to commercialize their products and accelerate business growth. Read more… Read More →
