ANN ARBOR - Sakti3 Inc., a developer of lithium-ion batteries, said it received a $4.2 million investment by General Motors Ventures LLC and Itochu Technology Ventures to speed commercialization of its battery cells. The two new strategic investors join previous investors Khosla Ventures of Menlo Park, Calif. and Farmington Hills-based Beringea, Michigan?s largest venture capital
KANSAS CITY - In any given year in the U.S. economy, new and young companies make up the largest bloc of companies by age category, meaning their considerable job creation record is partly structural, according to a study from Kauffman Foundation. The study, Neutralism and Entrepreneurship: The Structural Dynamics of Startups, Young Firms and Job
DETROIT ? Leslie Smith has been on the job less than two months ? she is the new general manager at Wayne State University's TechTown ? but she already understands the magnitude of the task facing her at one of the world's largest business incubators. "Understanding all the moving pieces here," she answered when asked
FARMINGTON HILLS - The Detroit chapter of TiE also known as Talent, Ideas, Enterprise presents annual TiE Midwest 20 Startup Awards 2010 at TiECon Midwest annual conference to be held at The Henry Dearborn, October 28 and 29. Nomination deadline is Sept. 23. TiECon Midwest 2010 is an entrepreneurial conference, attracting hundreds of entrepreneurs, venture
ANN ARBOR ? Entrepreneurs who want to be matched to a coach in the Great Lakes Entrepreneur's Quest business-plan writing contest need to apply by Oct. 15. GLEQ Executive Director Diane Durance said any entrepreneur applying after that date will be on their own to develop a six-page executive summary, which is due no later
BATTLE CREEK ? The Totally Technology Series kicks off its fall classroom seminars Sept. 21 at Miller College with Open Source Technology Management. The free and low-cost technology training courses are designed to help professionals and organizations grow within today's market of interactivity. The classrooms and computer labs are located at Miller College, which is
WARREN - The National Science Foundation is awarding Macomb a $1.4 million grant to support the college's work focused on the growing opportunities that relate to the electrification of the automobile. The initial grant covers a two-year period, with NSF expecting to provide another $1.5 million for an additional two years of funding, contingent on
SAN FRANCSICO - Mozilla released two new versions of its browser on Tuesday, Firefox 3.6.9 and Firefox 3.5.12, to close 10 critical security vulnerabilities in each and to help Web site operators block a risk called clickjacking. Critical vulnerabilities can let a remote attacker run arbitrary code on a computer, CNET News.Com. With Web browsers
SAN FRANCISCO - Security firm Trend Micro has found malicious files in the wild related to a zero-day exploit in Adobe Reader and Adobe Acrobat. The file that Trend Micro spotted on the Web called TROJ_PIDIEF.WM includes two "downloaders" called TROJ_DLOADR.WM and TROJ_CHIFRAX.BU. According to Adobe Systems, which first mentioned the exploit Wednesday, the malicious
LANSING - Governor Jennifer Granholm Thursday announced an upcoming conference with Japanese officials to discuss the importance of economic development, and also to share mutual efforts to promote more investment and job creation both in Michigan and Japan. The 42nd Annual Midwest U.S.-Japan Association Conference will be held September 12 -14 at the Renaissance Center