MI Pre-Seed Capital Fund Q1 Investments
3 new investments made by PSF The Michigan Pre-Seed Capital Fund has made three more investments bringing the total number of investments to 22. The three lastest investments were companies in Lansing, Kalamazoo and Ann Arbor. Two were life science companies and the third in homeland security and defense sector. Read the full press release at http://www.annarborspark.org/business-resources/news-of-note/Index.cfm?i=2398 Michigan Pre-Seed Capital... [Read More...]
Looking for Angel Money?
Five Things I Learned at the Angel Capital Association Midwest Conference Richard Bruder of Enterprise Law Partners recently attended the Angel Capital Assoc. Midwest conference and came back with some interesting observations. You can read his newsletter containing the five most important take-aways at http://www.elp-law.com/newsletters.php If you are trying to raise money from angels Richard makes some very valuable points about your audience... [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...]
Michigan Pre-Seed Capital Fund Update
Pre-Seed Fund makes 8th Investment The Michigan Pre-Seed Capital Fund has approved its 8th investment for Phrixus Pharmaceutical Inc. This Ann Arbor company is receiving funds from the BRCC and its founders. The pre-seed funding is $100,000. This brings the total investment amount made to date by the fund to more than $1.5 million. The deal flow is very strong. Four companies are currently being reviewed and evaluated by the Investment Review... [Read More...]
Michigan Pre-Seed Capital Fund makes 4th Investment
SensiGen of Ann Arbor receives $250,000 from Pre-Seed Fund The Michigan Pre-Seed Capital Fund made its 4th investment last week. SensiGen of Ann Arbor received a $250,000 investment as part of their $520,000 round. SensiGen is a biotechnology company focused on gene based molecular diagnostics that will enable early detection of diseases. To date, SensiGen’s technology platform has been applied to the development of proprietary diagnostic tests... [Read More...]
Jan 3 Presentations Now Available
4 Sources of Pre-Seed invesmtent explain criteria and procedures for applying On January 3 Ann Arbor SPARK hosted an event that showcased 4 sources of capital available to Michigan start-ups who are nearly ready for their first round of equity investment. Automation Alley’s fund, Next Energy’s fund, the Frankel Fund and SPARK’s Michigan Pre-Seed Capital Fund presented their criteria for eligibility and the process for applying. ... [Read More...]
