Hyundai American Technical Center Inc. to Expand, Receives Support from Ann Arbor SPARK, MEDC
Ann Arbor SPARK, a public-private partnership whose mission is to advance innovation-based economic development in the greater Ann Arbor region, worked with Hyundai to help the company secure more than $2.5 million in new business development incentives from the State of Michigan and Superior Township. The funding, which is subject to approval by the Michigan Strategic Fund, will be used by Hyundai to expand an environmental chamber for extreme... [Read More...]
Former Pre-Seed Funding Company Receives Venture Capitol Investment
Tangent Medical Technologies, a recipient of Pre-Seed Capital Funding in 2010 through Ann Arbor SPARK, has recently secured 4.5 million in venture capital to bring their product to market. This funding will accelerate the commercialization of Tangent’s medical device, the NovaCath™, which is designed to replace the intravenous drug systems that are currently used in hospitals. Tangent’s history with SPARK dates back to 2009, when they participated... [Read More...]
New Pool of Funds for Pfizer Assets
MSF Approves $8mm Fund The Michigan Strategic Fund met Wednesday and approved proposals from three economic development organizations, including Ann Arbor SPARK, to create a fund to be invested in companies, including start-ups, that will keep Pfizer employees in the state. Ann Arbor, Kalamazoo and Holland will meet next week to work out the details regarding the eligibility and distribution of the funds $8 million. The primary purpose of the... [Read More...]
Next Round for 21st Century Jobs Fund ‘On Hold’
February SEIC Board Meeting cancelled The Michigan Strategic Fund Board meets next Wednesday. Although the minutes of their January meeting are not on-line yet it is common knowledge that they did not approve the SEICs request to start a new round of funding for Michigan start-ups. The MSF wants to use the $34 million for other programs. Some of those dollars may be for programs that will help Ann Arbor respond to the opportunities and challenges... [Read More...]
