Microfunding Site, TerraYebo, Gets $100K From MI Automation Alley
The Automation Alley Seed Fund has struck again, investing $150,000 into TerraYebo. This is the Troy-based business accelerator’s second six-figure investment in the micro-funding website start-up. It invested $100,000 in the Madison Heights-based firm earlier this year. “Our investment committee liked their entrepreneurial team,” says Thomas Anderson, senior director for Automation Alley. “We thought they were […]
Forbes Covers Northeastern University IDEA Grants
In the age of startup-mania, accelerators, incubators and the constant search for venture capital,Northeastern Universityis taking a proactive approach to getting would-be founders to an entrepreneurial happy-place. IDEA calls itself a “venture accelerator,” The three-year-old program within the university was founded by students who – after coming face to face with the harsh realities of […]
Wayne State University Spin-out, SIB Medical Technologies, Secures Support From The Warrior Fund
SIB Medical Technologies thinks it can reinvent colon cancer detection. The Wayne State University spin-out is developing a medical device that could become the simpler and cheaper option for colon cancer screening. The technology preserves tissue samples in a liquid solution rather than with heavy, bulky cryogenic materials, which could allow for home screenings.
India Sets Up $1B Innovation Fund
The Indian government has outlined a plan to set up Rs.5,000 crore (nearly $1 billion) fund to facilitate innovation and entrepreneurship, top official said Thursday. The government would initially contribute $20 million (Rs.100 crore) to the India Inclusive Innovation Fund. The remaining amount would come from scheduled banks, insurance companies, financial institutions, corporates, high net […]