Michigan State University Conquer Accelerator announces program’s 2018 cohort participants
The Conquer Accelerator program announced today the five startup teams selected to participate in its third summer cohort. Designed to help both newer and established companies overcome business hurdles, Conquer Accelerator emphasizes smart planning and growth, extensive mentorship from an experienced bench of professionals and structured educational components focused on bringing its cohort startups to success. The […]
Michigan State’s AgBio Innovation Hub awards over $715K
The Michigan State University MTRAC AgBio Innovation Hub has invested in advancing technologies that will make an impact on the commercial market in agriculture, food packing, biotechnology, natural resources and animal health. Thirteen research technologies were awarded a total of over $715,000 in funding from the MTRAC hub, which stands for Michigan Translation Research and […]
[COA Member] Wayne State University TechTown Business Incubator Program to Get Grant Extension
Grant funding is being extended for a program in Detroit that supports a business startup accelerator for students. TechTown’s Detroit Technology Exchange Business Incubator will receive a $250,000 extension. The funding is part of more than $1.7 million in extensions approved by the Michigan Strategic Fund. The TechTown program also supports an entrepreneur-in-residence placement program and integrated […]
U Michigan startup SkySpecs lands $8 million investment
This time, it’s SkySpecs, which provides an inspection service for wind turbines using drones, eliminating the need for technicians (often called “skyworkers”) to conduct the high-risk job hundreds of feet in the air. It raised $8 million in a Series B funding round led by Germany-based Statkraft Ventures and joined by two new investors, Capital Midwest […]
University of Michigan tech commercialization programs receive $2.66 million in state funding
A recent funding renewal will allow two University of Michigan (U-M)-administered programs to continue their mission of supporting collaboration among state universities and spinning off technologies developed at universities into startup businesses. The Michigan Strategic Fund – an oversight board for the Michigan Economic Development Corporation (MEDC) – approved $1.4 million for the Michigan Corporate […]
MTRAC awards spark biomedical innovation at Wayne State University
Three Wayne State University (WSU) research teams were recently awarded funding from Wayne State’s Michigan Translational Research and Commercialization (MTRAC) program. The goal is to accelerate the translation and commercialization of their innovative biomedical technologies by providing the resources to validate technical and market opportunities. The MTRAC projects will be supported by $1.1 million in […]
University of Michigan fund invests $100K in cosmetics startup
The Zell Lurie Founders Fund at the University of Michigan has made a seed investment of $100,000 in Ann Arbor-based Sahi Cosmetics LLC, a startup that was part of last winter’s cohort of companies at the Desai Accelerator. The accelerator is a joint venture between the Zell Lurie Institute at UM’s Ross School of Business […]
MEDC MTRAC Advanced transportation technology projects receive $600,000 in grants
Seven advanced transportation technology projects have secured a share of $600,000 in grants that intend to help developers and researchers commercialize their product. The grant is funded in part by Michigan Translational Research and Commercialization’s advanced transportation innovation hub at the University of Michigan and the Michigan Economic Development Corp.’s Entrepreneur and Innovation initiative. Five […]
Michigan no longer a flyover state for venture capital
While Michigan has become a hot spot for startup funding, Detroit has been boiling in recent years, according to a new Michigan Venture Capital Association study. The 2017 Detroit Entrepreneurial Study revealed Detroit’s startup community has grown 50 percent in the past three years, now making up a quarter of the state’s fledging companies. Last year, 14 of […]
2 tech startups win $125,000 from Macomb Innovation Fund
Two technology startups in Oakland Country are receiving a $125,000 boost from the Macomb Innovation Fund. Funded by Macomb Community College’s Strategic Fund and part of J.P. Morgan Chase’s $150 million commitment to Detroit’s economic recovery, the award is designed to advance progress of larger scale funding for startup companies with high growth potential. Munetrix, […]