AdAdapted, U Michigan gap fund recepient, raises $725,000 in seed round
AdAdapted has locked down $725,000 in seed capital to help it scale up its mobile advertising platform.
Ann Arbor SPARK Awarded $500,000 for Michigan Angel Fund I, II – Press Release – Digital Journal
ANN ARBOR, Mich., June 25, 2014 /PRNewswire/ — Ann Arbor SPARK has been awarded $500,000 from the Michigan Economic Development Corp. for continuation of the Michigan Angel Fund (I), and to establish the Michigan Angel Fund II.
Michigan Launches $6.8M Pre-Seed Fund 2.0
Companies developing technologies in the areas of advanced automotive, manufacturing and materials, agricultural technology, alternative energy, homeland security and defense, information technology, life sciences and other innovative technologies are invited to discuss their financing needs with Invest Michigan.
Wayne State University gets $250K boost from local Detroit Innovate Fund
The Detroit Innovate Fund, a new fund to help launch local high-tech startup companies, has invested $250,000 in Detroit Materials Inc., a Wayne State University spinoff that hopes to make cast-steel parts for the military, mining and off-road markets. The company will use that money, and $150,000 awarded this month through a phase-one Small Business Innovative Research grant […]
Michigan Pre-Seed Fund Plans To Invest $6.8M Over Two Years
A new state-backed early stage capital fund hopes to cut its first deal by early summer, executives say. The $6.8 million Michigan Pre-Seed Fund 2.0 hopes to do as many as 50 deals over the next two years. It will provide early-stage, high-tech companies with the capital they need to move further toward commercializing an innovation, said […]
Wolverine Venture Fund sees return from $200K investment in IBM-acquired, Silverpop
The Wolverine Venture Fund, an investment vehicle run by students at the University of Michigan, is celebrating a win now that it has recorded its fourth profitable exit with the IBM’s acquisition ofSilverpop.
Michigan Pre-Seed Fund 2.0 antes up $6.8M for early-stage companies
LANSING, MICH. — The Michigan Strategic Fund (MSF) board of directors has designated $6.8 million for the Michigan Pre-Seed Fund 2.0, a statewide investment fund aimed at supporting high-tech early stage companies.
University of Michigan Zell Lurie Student-led Fund invests $90K in two start-ups
The University of Michigan’s Zell Lurie Institute at the Ross School of Business today announced that its student managed Zell Lurie Commercialization Fund has made two investments. The fund provided pre-seed investments to healthcare startup AlertWatch and ad tech start up AdAdapted. The collective investments total $90,000 and closed in November 2013 and January 2014, respectively. The deals mark the latest […]
Michigan Initiative for Innovation and Entrepreneurship Fund a Joint State Tech Project for $71K
An innovative technology-sharing project created jointly by Spectrum Health Innovations, Grand Valley State University and GR Current has been awarded a $71,476 grant from the Michigan Initiative for Innovation & Entrepreneurship.
Wayne State University Bioinformatics Spin-out, Advaita, Leverages Seed Funding
Advaita Corp., a spinoff from Wayne State University that makes software to help university researchers and pharmaceutical companies better manage genomic data, has started raising a seed round of $1 million and been making the rounds at medical conferences and business-plan competitions.