Michigan eLab invests in biotech startup for cancer research
Michigan eLab LLC, a venture capital firm founded in Ann Arbor last year by three veterans of Silicon Valley, has made its first local investment in Akadeum Life Sciences LLC, a startup that hopes to make it easier, cheaper and faster to prepare tissue, water or food samples for testing. Michigan eLab invested $150,000 in the […]
Michigan universities capitalize on growth of state venture capital industry
When EDF Ventures launched in Ann Arbor in 1987 to invest in university-based technologies, the University of Michigan had one person working part time on technology transfer. And at the time, the only other local venture capitalist in Southeast Michigan was Ian Bund. “We were considered an oddity,” said EDF co-founder Mary Campbell. ” ‘You’re […]
Fifth Third helps launch Wayne State University student-managed fund
Fifth Third Bank on Wednesday will donate $100,000 to the Wayne State University School of Business to fund creation of a student-managed investment fund. “We’d like to build the fund as large as possible,” said Robert Forsythe, dean of the business school. The fund, which will invest in public equities, will be managed by students […]
New Eagle Repays Funding to Michigan Pre-Seed Capital Fund After Successful Product Launch, Sales
ANN ARBOR, Mich., Nov. 13, 2014 /PRNewswire/ — Ann Arbor SPARK business accelerator client New Eagle recently repaid the $250,000 Michigan Pre-Seed Capital Fund award that it received in 2012. The money will be reinvested in to the Michigan Pre-Seed Capital Fund to support other entrepreneurial endeavors in the state. New Eagle, an engineering firm […]
Houston venture capital firm opens Ann Arbor office headed by U Michigan Graduate
University of Michigan graduate and serial entrepreneur Adrian Fortinio will lead a new office for the Houston-based Mercury Fund–a venture capital firm–according to a report in Crain’s Detroit Business. Fortino co-founded FlockTag and was a vice president at Invest Detroit before being tapped to lead Mercury’s new Ann Arbor office. The firm, which raised more […]
Outside Michigan investors pair with University entrepreneurs
In an effort to secure a more sustainable cycle of funding and donations, the Center for Entrepreneurship has paired with two different venture capital firms to continue supporting entrepreneurial endeavors throughout Ann Arbor and Michigan. Seven individuals, five of whom are affiliated with Michigan eLab and two of whom are associated with Pinnacle Ventures, have […]
U. of Michigan student-led venture funds seeking business plans
The Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies at the University of Michigan’s Stephen M. Ross School of Business today announced that its three student-led venture funds are all actively seeking business plans to consider in their respective 2014-2015 investment rounds. The Wolverine Venture Fund, Zell Commercialization Fund and Social Venture Fund […]
U-M Social Venture Fund Invests in Detroit’s Loveland Technologies | Xconomy
The University of Michigan today announced that its Social Venture Fund has backed Detroit-based startup Loveland Technologies as part of a Series AA round of financing.An SEC filing shows that Loveland has raised about $780,000 from seven investors, although the company declined to say how much it had raised or name other investors. The student-run […]
Macomb Community College sets up innovation fund for start-ups
Macomb Community College just put a considerable amount of money where its mouth is. The college’s Board of Trustees agreed this week to allocate $1 million for creation of an Innovation Fund, a program that provides financial support to start-up and established businesses, which in turn will offer educational and employment opportunities for students.
University of Michigan Spin-Out Sakti3 Delivers Double the Energy Density of Current Lithium Ion Battery Technology, Cells Produced in Ann Arbor Lab
Sakti3, Inc. (www.sakti3.com) announced that it has produced a battery cell on fully scalable equipment with over 1100 Watt hours per liter (Wh/l) in volumetric energy density. This translates to more than double the usage time in a wearable device like a smartwatch, from 3.5 h to more than 9 h. It also translates to almost double the range in an EV […]