Angel Investing in Michigan

Angel investing is becoming a topic of discussion around the state.  Angels and entrepreneurs are the job creators in our country.  The entrepreneur brings the ideas, technology, and business opportunity while the angels provide the capital and management experience and strategic thinking that help startups grow and prosper.  Startups create more net new jobs than …

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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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MEDC Awards Ann Arbor SPARK $100,000 for MichAGAIN

The Michigan Economic Development Corporation (MEDC) recently awarded $100,000 to Ann Arbor SPARK, a public-private partnership whose mission is to advance innovation-based economic development in the greater Ann Arbor region.  Ann Arbor SPARK will use the funding to manage MichAGAIN trips to Boston, Chicago, Palo Alto, and Washington, D.C. this year. “MichAGAIN is a platform …

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Annual Collaboration of Entrepreneurship Draws Almost 1,000 People to Ann Arbor

This past January, almost 1,000 people traveled to Skyline High School in Ann Arbor for the 12th Annual Collaboration of Entrepreneurship (ACE’12). Representatives from fifteen different organizations, all focused on entrepreneurship and hi-tech start-ups, came together to organize the event. ACE brings together entrepreneurs, service providers, investors, students, government agents and other members of the …

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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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Ann Arbor SPARK awarded $500,000 from the MEDC for SPARK East Incubator

Ann Arbor SPARK was recently awarded $500,000 from the Michigan Economic Development Corporation’s (MEDC) 21st Century Jobs Fund. The funding will support the Ann Arbor SPARK East business incubator. “MEDC support for Ann Arbor SPARK’s East incubator extends and enhances opportunities for start-ups throughout the region,” said Paul Krutko, president and CEO, Ann Arbor SPARK. …

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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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Kauffman Study Shows Impact of Business Accelerator Efforts on SE Michigan Start-Ups

A new Kauffman Foundation study shows the results of business accelerator efforts by Southeast Michigan’s economic development organizations.  Combined, Ann Arbor SPARK, Automation Alley, Macomb-OU INCubator and TechTown , collectively known as the Business Accelerator Network for Southeast Michigan, have: Created more than 1,000 jobs Invested approximately $18 million in hundreds of start-up companies Secured …

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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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Join us for our new series: Business Law & Order

On September 20, we’re kicking off our newest series in our Entrepreneur Education & Training Resources: Business Law and Order.  The nine-session series will give entrepreneurs insight into important legal issues surrounding company formation and growth. Topics planned for Business Law & Order include: Business structure Intellectual property Doing business overseas. Compensating founders Hiring employees …

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Angel Tax Credits better than a Capital Gains Tax Cut

There are some politicians who actually get it.  I’m not talking about a certain gubenatorial candidate.  I’m referring to some state and federal legislators.  Here’s the latest example. Maryland Congressman Chris Van Hollen has joined Congresswoman Betty McCollum (D-MN), Congressman C.A. Dutch Ruppersberger (D-MD), Congresswoman Allyson Schwartz (D-PA), and Congressman Jared Polis (D-CO) in introducing the Innovative …

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SPARK Central Incubator Profile: Mobatech

SPARK Central incubator client, Mobatech, is dedicated to designing and developing cutting-edge mobile phone software focusing on creating innovative lifestyle and personal productivity applications, which integrate into customer’s everyday lives. Founded in Ann Arbor, Michigan by Greg Schwartz in April 2003, Mobatech has been at the forefront of the mobile technology boom and continues to …

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SPARK’s Jennifer Owens Testifies to Commerce Department

WHO: Jennifer Owens, Ann Arbor SPARK’s vice president, business development WHERE: United States House of Representatives Commerce Department Committee on Science and Technology WHAT: Owens will give testimony to the Commerce Department Committee on Science and Technology on the importance of manufacturing in economic development.  She will discuss how manufacturing is critical to the success …

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