SPARK Central incubator tenant Hygieia, Inc. receives 510(k) clearance from FDA

Hygieia, Inc., a tenant at the SPARK Central business incubator, recently received official 510(k) clearance from the US Food and Drug Administration (FDA) for its BaseSens I Blood Glucose Monitoring System.  Hygieia, Inc. is a start‐up that is developing a proprietary hybrid medical device that combines state‐of‐the‐art blood glucose monitoring capability with a physician‐initiated self‐adjusting insulin dose calculator. Of the news,... [Read More...]

What’s in a Term Sheet?

Not often discussed in presentations about starting a company, particularly an innovative high growth company raising private equity from angels and VCs, is the term sheet.  The New Enterprise Forum and Ann Arbor SPARK are presenting a two part program about the various aspects of a term sheet.  An attorney, investor and CEO will discuss the many elements of a term sheet and the ramifications of each.  The first program is in two weeks, Thursday... [Read More...]