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...]

Michigan Pre-Seed Capital Fund Invests $585,000 in Three Start-Ups

Three Michigan companies recently received investments from the Michigan Pre-Seed Capital Fund, totaling $585,000.  To date, the Michigan Pre-Seed Capital Fund, a collaborative effort of Michigan’s SmartZones, has awarded 63 Michigan companies with seed funding totaling more than $14 million. The Michigan Pre-Seed Capital Fund companies have attracted more than $18 million in matching grant and equity funds.  In 2011, the Michigan Pre-Seed Capital... [Read More...]

Lakeside Software Opens New R&D Facility in Ann Arbor

Lakeside Software, a leader in business intelligence solutions for IT professionals, today announced the acquisition and opening of a new R&D facility in Ann Arbor, Michigan. This facility will be primarily utilized for product design and development, and will accelerate company growth by making it easier to hire top technical talent from the Ann Arbor metropolitan area. The new facility is fully operational and is located at 112 South Main Street... [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 $145,000 From Michigan Microloan Fund Program

Three Michigan companies recently received a combined total of $145,000 through the Michigan Microloan Fund Program, bringing the total amount invested through the Fund to over $1.8 million.  FamilyMint, Fusion Coolant Systems and Shepherd Intelligent Systems received the funding to support commercialization of their core products. FamilyMint, based in Ann Arbor, is an online budgeting tool that helps parents guide spending and helps kids develop... [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...]

JAC Products Expands in Ann Arbor Region

Saline-based JAC Products received high-tech, five-year MEGA tax credits today to fund expansion in the Ann Arbor region.  JAC Products, which also has a location in Shelby Township, was approved today for MEGA tax credits totaling $572, 970 from the Michigan Economic Development Corporation and the State of Michigan. JAC Products is a leading tier 1 manufacturer of functional exterior automotive trim.  It is in the process of designing and developing... [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 →

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