Michigan Technology News and Entrepreneurs
DEARBORN - Six communities across the state of Michigan have been identified for the strategies they employ to foster entrepreneurial growth and economic development, according to the annual eCities study. The study, conducted by iLabs, University of Michigan-Dearborn’s Center for Innovation Research, identified the City of Farmington Hills, City of Grand Blanc, City of Hillsdale,
HOUGHTON - StabiLux Biosciences, a company founded by Michigan Technological University physics professor Yoke Khin Yap, has recently been awarded more than $650,000. The funds are from America’s Seed Fund, powered by the National Science Foundation (NSF) Small Business Innovation Research/Small Business Technology Transfer (SBIR/STTR) program, and the Invest Michigan's University Commercialization Fund (UCF). Yap
DETROIT – Bamboo Detroit, the city’s original shared office space community, today unveiled its 2017 Bamboo Detroit Economic Impact Report. This is the first study conducted by the organization of its member businesses and their owners. It is also believed to be one of the first inside looks at the impact of businesses who utilized
WASHINGTON - Globalization, technological innovation, and entrepreneurial dynamism in recent decades have fundamentally transformed the U.S. economy, but states are not equally well positioned to reap the benefits of this so-called “New Economy.” In fact, according to The 2017 State New Economy Index, released Wednesday by the Information Technology and Innovation Foundation (ITIF), there is
TROY - The Troy engineering technology developer Altair Engineering Inc. Monday announced the closing of its initial public offering. The company said its stock underwriters fully exercised their option to purchase an additional 1.8 million shares of Altair Class A common stock, indicating strong demand. After the underwriters’ exercise of the option to purchase additional
DETROIT - On Nov. 15, Wayne State University will launch the Wayne Innovation Hub to coordinate and enhance its program for entrepreneurship education, technology commercialization, and community partnerships, and to enhance the university’s overall culture of innovation. The Wayne Innovation Hub is an element of the university’s five-year strategic plan, Distinctively Wayne State, which identified
ANN ARBOR - Aquaro Histology announced Thursday it has completed a $9.8 million Series A round led by Telegraph Hills Partners. Aquaro, formerly known as Aquaro Biosystems, will use the money to launch its first product, an Automated Section Mounting used in medical research and development. Concurrent with the financing, Tom Raffin, M.D.; Deval Lashkari,
ANN ARBOR - A software company that wants to use artificial intelligence to take workplace wellness has closed on a $4.5 million capital round that the company said will accelerate product upgrades and support sales and marketing. The capital round for Jool Health Inc. was led by CVC Jool Investors LLC, a corporate entity based in
DETROIT- The Michigan Council of Women in Technology Foundation named Alison Gleeson its “Woman of the Year in Technology.” Gleeson is the senior vice president of the Americas for Cisco. The second annual MCWT award recognizes women in Michigan leading or driving change for other women in information technology careers or fields of study. MCWT Foundation President Carey Pachla presented Gleeson with the honor at the nonprofit’s annual gala on Oct. 28 in Dearborn. Hosted by Ford Motor Co.,
ANN ARBOR - A five-year, $30 million investment into bold research and scholarship from the University of Michigan and its faculty members has tripled into a return of nearly $100 million in follow-on funding. The one-of-a-kind Mcubed program is designed to spark innovative projects without traditional review. It rapidly gives seed funding—either at a $60,000
