ANN ARBOR - SenSound, sponsored by TechTown, Creative Byline, sponsored by the West Michigan Science and Technology Initiative, and Biotectix, sponsored by Ann Arbor SPARK, all received funding in January from the Michigan Pre-Seed Capital Fund, which has done 30 deals so far. The Michigan Pre-Seed Capital Fund is an equity investment fund and, as
ANN ARBOR - Early-stage healthcare and life sciences company investor Arboretum Ventures on Monday announced the final closing of its second investment fund, with commitments totaling $73 million. The latest fund is three-times bigger than Arboretum's $24 million debut fund, which closed in 2005. As with the first fund, Arboretum Ventures II is operated by
LANSING - The Michigan Economic Development Corporation Friday announced that, pending formal Board action on February 26, D. Gregory Main will replace James Epolito beginning April 1 as president and CEO of the state's central investment attraction and job creation organization. Main, until recently, was CEO and president of i2E INC, one of the nation's
LANSING - For Michigan's more than 10 million residents, the new federal economic stimulus package approved on Friday will mean $7 billion over the next two years for education, health care and infrastructure spending and a tax cut for working families. H.R. 1, which passed the U.S. House on a 246-183 vote, totals $787 billion
LANSING - Michigan's economy will continue to get worse Governor Jennifer Granholm said in releasing a proposed 2009-10 budget that would spend $8.9 billion in general funds and see layoffs of 1,500 state workers by the end of 2010. "The cuts and reforms I propose will be painful, but they are critical to help us
MOUNTAIN VIEW, Ca. Valentine's Day is coming this weekend and instead of a bouquet of flowers, box of chocolates, or love notes, many lovers around the world are getting inundated with Valentine's Day related spam and e-cards. "It still fascinates me how successful Valentine's Day spam is," said Dave Marcus, security researcher and communications manager
RESTON, Va. - comScore released its Fourth Quarter 2008 retail e-commerce sales estimates, which showed that online retail spending declined 3 percent versus year ago, the first recorded quarter of negative growth since comScore began tracking e-commerce spending in 2001. Nonetheless, for the full year 2008, retail e-commerce grew 6 percent to $130.1 billion, but
SAN FRANCISCO - On Thursday, a coalition of tech companies and nonprofit groups ranging from Microsoft to ICANN, AOL, Symantec, F-Secure and Verisign announced that they've teamed up to put an end to the Conficker worm, also known as Downadup, that has infected as many as 12 million computers, Microsoft has even offered $250,000 to
LANSING - While a bleak picture is likely to be painted in the governor's 2009-10 budget, which will include layoffs as the proposal seeks overall general fund cuts of at least $600 million, it appears there will be no cuts to revenue sharing nor to Michigan's 28 community colleges. But the state's per-pupil foundation grant
GRAND RAPIDS - The Van Andel Institute has created an alliance with the Translational Genomics Research Institute in Phoenix, which will share newly appointed VAI Research Director Jeffrey Trent to speed cancer research into commercialized products. Trent, Ph.D., will succeed founding VAI Research Director George Vande Woude, Ph.D., who stays on as head of the