Five Companies Receive Michigan Microloan Fund Program Awards

Five Michigan companies have received a combined total of $250,000 through the Michigan Microloan Fund Program, bringing the total amount loaned through the Fund to more than $3.8 million.  The companies received the funding to support commercialization of their core products. More information on the companies that received Michigan Microloan Fund Program support is available via video: “The Michigan Microloan Fund Program is an exceptional... [Read More...]

Twelve Companies Receive Michigan Microloan Fund Program Award

Twelve Michigan companies have received a combined total of more than $444,000 through the Michigan Microloan Fund Program, bringing the total amount loaned through the Fund to more than $2.4 million.  The companies received the funding to support commercialization of their core products. “The companies that received Michigan Microloan Fund Program awards represent the wide range of innovations taking root across the state,” said Skip Simms,... [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...]

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 →

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...]

New Eagle Receives First Eastern Washtenaw Microloan Fund

We are pleased to announce that New Eagle, a technology-enabled service provider, was recently awarded the first loan from the Eastern Washtenaw Microloan Fund. This is a funding opportunity for start-ups that’s part of the Michigan Microloan Fund Program.  Washtenaw County helped to fund the Michigan Microloan Fund Program to help companies like New Eagle, based in Ypsilanti, Mich., who will use the microloan to commercialize its MotoHawk® software. Read... [Read More...]