21st Century Jobs Fund Applicants
109 companies applied for funding The numbers are in. 109 companies applied for funding in this round of the 21st Century Jobs Fund competition. An astounding total of $451 million is being asked for in total. Here’s a breakdown of the applicants: 27 in Advanced Automotive, Manufacturing, and Materials asking for $157,845,672 14 in Alternative Energy asked for $71,729,846 19 in Homeland Security and Defense asked for $43,402,965 49 Life... [Read More...]
Company Formation Loans Delayed
No loans in December, Wait to January The MEDC isn’t prepared to present the applicants for Company Formation Fund loans this month. They are still trying to catch up processing the loans approved last month. You will recall the program was opened the first of November. A rush of about 30 companies was processed and about 25 were approved for loans totalling more than $4 million by the MSF Board on Nov. 28. Now all the paperwork needs... [Read More...]
MI Pre-Seed Capital Fund update
New investments made since June, 2007 There was not a slow down in deal flow for the Michigan Pre-Seed Capital Fund during the summer and it continues through the fall. Since our last post we have made investments in these companies… Phrixus Pharmaceuticals – Ann Arbor Avidimer Therapeutics – Ann Arbor Compendia Bioscience – Ann Arbor Accord Biomaterial – Ann Arbor Hybra-Drive Systems – Deerfield RazorThreat –... [Read More...]
