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. Photo courtesy of San Fransisco Business Times 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 impact on our... [Read More...]

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, 42 companies have received over $1.6 million... [Read More...]

InPore Technologies Wins SmartZone Award

InPore Technologies was presented the first SmartZone Award at the GLEQ Awards Banquet recently. InPore Technologies was selected for the strength of its business plan, the industry, technical and entrepreneurial experience of its management team, and its ability to raise funds. The Smart Zone Award is sponsored by the Michigan SmartZones, funded through the Michigan Pre-Seed Capital Fund and administered by Ann Arbor SPARK. It was created to benefit... [Read More...]

SPARK Wins Midwest Collaboration Award

At the 2010 Midwest Collaboration Awards, as presented by the Midwest Technology leaders, Ann Arbor SPARK was honored for its collaboration with the Michigan Life Science and Innovation Center (MLSIC).  The award identifies, creates, supports, and honors impacting partnerships between Midwest companies and local individuals/groups benefitting the technology community.  The award was a result of SPARK’s work on vital entrepreneurial programs... [Read More...]

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. read more…  Read More →

Four Michigan Companies Receive $125,000 from Ann Arbor SPARK’s Microloan Program

Four more companies have received funding from the Michigan Microloan Fund Program, administered by Ann Arbor SPARK. Allinnova, Procuit, Solarflex, and The Whole Brain Group will use the funding to commercialize their products. The Michigan Pre-Seed Capital Fund, the Ann Arbor Local Development Financing Authority and Washtenaw County support the Michigan Microloan Fund Program. Read more…  Read More →

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 the company as part of the Michigan Pre-Seed Capital Fund... [Read More...]

Micro loans becoming very popular

Six months ago there was no such thing as a loan for a pre-revenue, innovative start-up company.  Today, if you are in Washtenaw county there are three sources for loans.  There has been a lot of press about these micro loans the past few weeks.  Expect a lot more.  We have made four loans to companies around the state through the Michigan Pre-Seed Capital Fund program totalling $137,500 in just three months.  Applicants for the Ann Arbor and... [Read More...]

Crain’s identifies SPARK as “scratching the entrepreneurial itch”

From Crain’s cover’s Washtenaw/Livingston …Goldschmidt is one of the nearly 70 new startups that have begun working with Ann Arbor Spark this year, a roughly 25 percent increase from the same period in 2008, according to Skip Simms, director of business acceleration services at Spark. Much of the spike is driven by an increased awareness of the resources available to Ann Arbor’s entrepreneurial community and an increase in... [Read More...]

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 model similar to that of Mary Kay or Pampered Chef. Mothers and daughters take... [Read More...]

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