Three Companies Receive Michigan Microloan Funding
Three Michigan companies recently received a combined total of $104,000 through the Michigan Microloan Fund Program. This brings the total amount invested through the Fund to over $1.3 million. Terra-Telesis, KnowledgeWatch, and uwemp received the funding to support commercialization of their core products.
Terra-Telesis is based in Okemos and received Microloan funding for the commercialization of emerging technology based on its unique low profile, vertical axis wind turbine. This core technology is being used to create a new innovation for use in airport facilities that will significantly decrease and in some cases eliminate their dependence on power from fossil fuels. Based in Ann Arbor, KnowledgeWatch will use the microloan funding to support commercialization of its automated online knowledge product. KnowledgeWatch tracks and harvests multiple information sources to deliver one page, convenient, custom, intuitive, real-time news digests for knowledge workers and decision makers. Also based in Ann Arbor, uwemp is an educational software company. Microloan funding will support commercialization of uwemp’s Confidence-Based Learning, its co-developed and licensed patented web-based learning engine. Confidence-Based Learning offers students engaging and relevant curricula and programs to equip them with the necessary skills to succeed in today’s competitive economy.