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: …

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Ann Arbor SPARK Hires Michigan Pre-Seed Capital Fund, SPARK East Manager; Promotes Senior Business Development Manager

Ann Arbor SPARK recently added two to its team, Joseph Licavoli and Jake Elbers.  Licavoli fills a new position as manager of the Michigan Pre-Seed Capital Fund.  Elbers is manager of the SPARK East business incubator.  Current Ann Arbor SPARK team member Valerie Christofferson was promoted to senior business development manager. “Joe and Jake fill …

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Michigan Pre-Seed Capital Fund Invests $600,000 in Three Start-Ups

FOR IMMEDIATE RELEASE – ANN ARBOR, MICH. – JULY 9, 2012 – Three Michigan companies recently received investments from the Michigan Pre-Seed Capital Fund, totaling $600,000.  To date, the Michigan Pre-Seed Capital Fund, a collaborative effort of Michigan’s SmartZones to support start-ups’ product commercialization, has awarded 75 Michigan companies with seed funding totaling more than $16.5 million. The three companies recently awarded Michigan …

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Michigan Pre-Seed Capital Fund Invests $2 million in Nine Start-Ups

Nine Michigan companies recently received investments from the Michigan Pre-Seed Capital Fund, totaling more than $2 million. To date, the Michigan Pre-Seed Capital Fund, a collaborative effort of Michigan’s SmartZones, has awarded 72 Michigan companies with seed funding totaling more than $16 million. “The Michigan Pre-Seed Capital Fund is helping businesses across the state bring …

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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 …

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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 …

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Akervall Technologies Repays $15,000 Michigan Microloan Fund Program Award

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 is the …

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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 …

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Two Ann Arbor SPARK Companies Mentioned in Fortune Article

Fortune’s recent “Tales of Rejuvenation in Motor City” includes two companies from the Ann Arbor region. Velesco Pharmaceutical Services’ Gerry Cox talks about his transition from a large pharmaceutical company to founder of a start-up.  Velesco is an Ann Arbor SPARK Business Accelerator company. Danotek Motion Technologies, a company supported  through the Michigan Pre-Seed Capital …

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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. 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 …

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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, …

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Four More Michigan Companies Receive Support from Michigan Pre-Seed Capital Fund

Four more Michigan companies recently received investments from the Michigan Pre-Seed Capital Fund. To date, 38 Michigan companies have received seed funding from the Michigan Pre-Seed Capital Fund, a collaborative effort of Michigan’s SmartZones. Combined, Mandy & Pandy, Algal Scientific, Axenic Dental, and RealBio Technology received $924,000 from the Michigan Pre-Seed Capital Fund.

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Michigan Pre-Seed Capital fund recipient Limo-Reid pays back $750,000, plus interest, to 3 investors

As reported by Tom Henderson, Crain’s Detroit Business September 30, 2009 Ann Arbor Spark, as well as two other community-development organizations, have been repaid with interest for early support of a Deerfield-based company that hopes to revolutionize transmission systems for trucks and military vehicles.Limo-Reid Inc. has paid back $250,000, plus interest, that Spark loaned to …

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Spark East Incubator Profile: RealKidz

Although best known for its technology and science innovation-based tenants, the Spark East business incubator has amongst them, an apparel design, manufacturing and retail company. RealKidz, Inc. is a direct sales company that makes a line of age-appropriate clothing for 5-12-year-old girls specializing in above average as well as average sizing. It has a direct-marketing …

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