KALAMAZOO - Those who run Michigan's cutting-edge businesses call access to venture capital their single most pressing need, but despite the difficulty in obtaining these funds, start-ups are optimistic about their companies' futures and keeping an open mind about the state's ability to become a powerhouse in such new economy sectors as the life sciences.
GRAND RAPIDS ? The Grand Angels has a face, Jody Vanderwel, who has been named the group?s first president. Vanderwel formerly was Corporate Counsel and Vice-President of Corporate Giving at Herman Miller. Grand Angels one of three major groups in the state that builds networks of angel investors ? high net worth individuals that invest
GRAND RAPIDS ? A study done by the University of Michigan shows entrepreneurs and investors are not on the same page when it comes to what they want from each other, and until they better understand each others? needs, fewer deals will be funded in Michigan. In the study done by Master of Business Administration
ANN ARBOR ? Participants in the Great Lakes Entrepreneur?s Quest contest won?t have to write such an in-depth business plan during the spring cycle. GLEQ?s emerging company track will only require a five-15 page business plan, rather than 20. GLEQ Executive Director Art DeMonte said shorter business plans mean more business plans can be read
GRAND RAPIDS - New for tax years 2004 and 2005 - if you itemize on your tax return you can deduct whatever you paid more of - state and local income taxes or state and local general sales taxes. What this means is you need to total up the amount of sales tax paid or
ANN ARBOR ? The Michigan Venture Capital Association on Tuesday issued an announcement supporting Gov. Granholm?s plan to invest $2 billion over 10 years to commercialize new technology products developed at state universities, corporations and non-profit institutions. Michigan voters will be asked to approve a ballot measure this November that would authorize the Governor?s plan
ANN ARBOR ? We lost another Michigan technology company to California, this time Indigo Security, which was purchased by Silicon Valley-based Tablus. Indigo?s development team will move by the end of the first quarter to San Mateo, leaving only its sales and marketing staff in Ann Arbor. Tablus provides information security solutions and is backed
ANN ARBOR - Nominations are open for the Governor?s University - Award for Commercialization Excellence (ACE) ? an annual recognition designed to inspire and reward a public university researcher and key team members whose research advances the development and commercialization of new technologies into viable products and services that benefit the local, state, and national
ANN ARBOR - While PIPEs have been around for decades, an active public market in this type of security has existed only since the early 1990's. In a study sponsored by the Center for Venture Capital and Private Equity Finance, the authors show that PIPEs have become an important source of financing for young, publicly-traded
ANN ARBOR - The U.S. venture capital market is in the midst of a strong recovery, characterized by a return to fundamentals and a sharp awareness of the excesses of the late 1990?s and their debilitating effect upon investment returns. This recovery and conservative philosophy augers well for the nation and for emerging growth companies