TROY ? A consortium of financially independent Michigan investors will announce a new angel fund next week that will be managed by former Clarity Technologies CEO Raymond Gunn. The unnamed fund will not focus on any particular industry sector, rather look to put money into promising ideas or start ups ignored by other private equity
BLOOMFIELD HILLS - Kevin Fobbs, columnist, talk show host and commentator on national and local government policies, discusses initiatives to stimulate economic growth by increasing access to investment capital at the May 10 meeting of Entrepreneur and Investor Exchange. The program begins at 5 p.m. and includes business Showcase Presentations plus tabletop exhibits, appetizers and
GRAND RAPIDS ? Start-Up Central is offering entrepreneurs one-on-one counseling to refine their business plans. Thirty one-hour coaching sessions are up for grabs starting May 9. Besides guidance, Start-Up Central co founders David Brenner and Tom Edwards also will ask participants what they?d like to see the quasi accelerator program to focus on in future
ANN ARBOR ? The deadline for submitting business plans to be judged in the Spring Cycle of the Great Lakes Entrepreneur?s Quest is May 15 at noon. New Business Idea A 5-page executive summary is a preliminary overview of the business plan you will develop over the next few months. The purpose of this is
LANSING ? Gov. Jennifer Granholm introduced legislation Thursday that will ask voters in November to approve selling $2 billion in bonds to fund life sciences, alternative energy and other technologies in Michigan. Granholm said her proposal would add 72,000 jobs that would diversify the state's economy to areas other than the auto industry and create
BLOOMFIELD HILLS ? Michigan venture capital funds did five deals during the first quarter of 2005, up from just three investments in the quarter before, PricewaterhouseCoopers/Thomson Venture Economics/National Venture Capital Association Money Tree Survey reported Monday. One investment each was made by Beringea, Dow Chemical Company, EDF Ventures, Ford Motor Company, and WayPoint Ventures. A
GRAND RAPIDS ? Free WI-FI connections will soon be available in four carefully selected test sites in Grand Rapids ? primarily government and academic locations ? with six more beta sites scheduled to go live in July. The ten test zones will give the city of Grand Rapids a chance to find out what works
CHICAGO ? Dan Lohrmann, Chief Information Security Officer for the state of Michigan, has been nominated for the first Information Security Executive of the Year Midwest Awards 2005. This Award, which recognizes information security excellence across the Midwest, will be presented at a gala dinner at the Fairmont Hotel in Chicago on May 12. Lohrmann,
NEW YORK ? The IBM PC division, which during the 1980s consolidated a very fragmented personal computer marketplace, is now primarily owned by China?s Lenovo Group. The $1.75 billion purchase, creating the world?s third-largest PC maker, closed Sunday. IBM retains an 18.9 percent stake in Lenovo, which paid $1.25 billion in cash and assumed $500
LANSING - Twenty-six of the 50 companies listed in the Michigan 50 - second-stage Entrepreneurial Companies To Watch in 2005 - are involved in developing technologies that range from IT Services, Wireless Security, simulation software, human tissue banks, and composite materials. The complete list follows. Ann Arbor Dynamic Edge, IT Services, Bruce McCulty, Founder Owner