18 12, 2018

Michigan Strategic Fund Approves Extensions for Business Incubators, Grant Programs Supporting Early-Stage and Commercialization of Tech Companies

By |2018-12-18T13:29:05+00:00December 18th, 2018|Michigan, State or Government|0 Comments

Aimed at supporting the continued economic growth and stimulation of Michigan’s entrepreneurial ecosystem, the Michigan Strategic Fund (MSF)—administered by the Michigan Economic Development Corporation (MEDC)—has approved funding extensions totaling $1.8 million for six statewide programs. Each program strategically capitalizes on resources allocated through state funding to promote early-stage startups and the commercialization of cutting-edge technologies. [...]

12 11, 2018

Michigan State U opens accelerator center for food development, commercial distribution

By |2018-11-12T10:57:27+00:00November 12th, 2018|Accelerator/incubator, Michigan|0 Comments

Michigan State University (MSU) opened this week its new Food Processing and Innovation Center (FPIC), an incubator designed to help food businesses and startups develop and release products. Clients can rent the facility, then use it to produce, process and package their products for about $3,000 per day. The goal of the center is to [...]

17 10, 2018

Michigan alum raises $137 million for startups 

By |2018-10-17T08:33:28+00:00October 17th, 2018|Michigan, Venture Fund|0 Comments

Base10 Partners, a venture capital firm co-founded by Thomas James Nahigian, a University of Michigan Ross School of Business alum, and Adeyemi Ajao, has recently raised $137 million for investment in the name of “automation for the real economy.” This marks what is believed to be the largest debut for a venture capital firm led [...]

20 09, 2018

SMPL Receives $100,000 Investment from University of Michigan’s Zell Founders Fund

By |2018-09-20T09:01:05+00:00September 20th, 2018|Michigan, Student Funds|0 Comments

The Zell Founders Fund, a student-led venture fund in the Zell Lurie Institute for Entrepreneurial Studies at the University of Michigan, announced today that it has made a $100,000investment in organic snack brand, SMPL. Today, SMPL also launches its new brand, introducing a line of organic superfood bites developed for the modern lifestyle consumer. The innovative snack brand utilizes a [...]

22 08, 2018

Michigan angels raising $25M venture capital fund 

By |2018-08-22T20:41:59+00:00August 22nd, 2018|Angel, Michigan|0 Comments

A local angel investor organization has set out to raise a $25-million venture capital fund. Grand Rapids-based Grand Angels said yesterday it filed a form Regulation D with the Securities and Exchange Commission (SEC) to create Grand Angels Venture Fund III. GA Fund III will invest in 12-15 "emerging companies" in four market segments: advanced [...]

15 08, 2018

U Michigan fund invests $100,000 in plant-based jerky

By |2018-08-15T08:21:36+00:00August 15th, 2018|Michigan, Student Funds|0 Comments

The Zell Lurie Founders Fund at the University of Michigan announced Wednesday morning that it has made a seed investment of $100,000 in Chicago-based Mindwell Snacks LLC, which makes and markets jerky made from plants. The fund is led by students in the Zell Lurie Institute for Entrepreneurial Studies. This investment was in a company [...]

8 08, 2018

The Zell Lurie Founders Fund Makes $100,000 Seed Investment in MINDWELL 

By |2018-08-08T11:32:29+00:00August 8th, 2018|Michigan, Student Funds|0 Comments

The Zell Founders Fund, a student-led venture fund in the Zell Lurie Institute for Entrepreneurial Studies at the University of Michigan, announced today that it has made a $100,000 investment in MINDWELL, a plant-based jerky company. The funds will be used to expand the business through investments in working capital and marketing. Founded in early 2017 by Allyson Stewart, MBA '17, and Bridget Henley, [...]

3 08, 2018

University of Michigan’s $10M funding program aims to encourage big, darling ideas

By |2018-08-03T08:52:16+00:00August 3rd, 2018|Michigan|0 Comments

The University of Michigan College of Engineering is kicking off a $10 million funding program that’s designed to encourage the pursuit of big, daring ideas. The Ann Arbor school says Thursday the projects include artificial photosynthesis in making a sustainable vehicle fuel; a new approach to making “nanobiotics” to fight drug-resistant bacteria; new ways to take carbon [...]

2 08, 2018

Michigan MTRAC Innovation Hub awards $700,000 for advanced transportation projects

By |2018-08-02T08:44:08+00:00August 2nd, 2018|Michigan, State or Government|0 Comments

Three autonomous driving technologies are among 10 projects to receive approximately $700,000 in investments from the University of Michigan MTRAC Innovation Hub program. The Michigan Translational Research and Commercialization statewide Innovation Hub for Advanced Transportation is backing the products that have potential to reach the transportation market, the program announced Monday. The MTRAC program is [...]

28 06, 2018

University of Michigan’s Zell Lurie Commercialization Fund Invests in Neurable

By |2018-06-28T09:20:40+00:00June 28th, 2018|Michigan, Student Funds|0 Comments

The Zell Lurie Commercialization Fund (ZLCF) – one of five student-led funds at the Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies – announced that it has participated in the Series A round of breakthrough brain-computer interface (BCI) technology startup and University of Michigan spinout, Neurable. The ZLCF's investment will support Neurable's continued growth in the virtual reality and augmented [...]