GRAND RAPIDS ? Members of the Grand Angels did their third deal last week, this time investing an undisclosed sum in Kalamazoo biopharmaceutical company ProNAi Therapeutics. They were joined in the $2 million deal by The Apjohn Group and Apjohn Ventures fund. ProNAi is located at the Southwest Michigan Innovation Center, a life sciences accelerator
KALAMAZOO ? Afmedica, a drug device company, has hired Gary Story as President and Chief Executive Officer. Story has been involved in development of major life sciences products as a pharmaceutical executive, serial entrepreneur and venture capitalist. Story was the co-founder of seven medical companies, served as a board member for over a dozen medical
GRAND RAPIDS ? The Iserv Technology Group Monday announced it has acquired a couple thousand customers in Northwestern Michigan from 1010internet, based in Scottville east of Ludington. The acquisition was done through ITG?s Iserv operating company, one of the largest independent ISPs in Michigan. Terms of the transaction were not disclosed. The agreement provides Iserv
DETROIT ? Alternative Energy center NextEnergy has appointed Lori Koenig to serve as Chief Financial Officer. Koenig will be responsible for managing all aspects of NextEnergy?s finances including financial reporting, financial controls and accounting functions. Prior to joining NextEnergy, Koenig was Vice President of Finance & Treasurer for Prechter Holdings Inc., where she was responsible
BLOOMFIELD HILLS ? Michigan Sen. Mike Bishop is the keynote speaker March 15 at the next meeting of the Great Lakes Angels. Bishop will speak about a new tax credit in the Michigan legislature to off set losses realized by angel investments. ?We are encouraging accredited investors to come and learn about this bill and
LANSING ? A bill has been introduced in the Michigan Legislature that would let angel investors take a limited tax credit to off set losses on their investments in Michigan technology and life science start ups. The maximum amount of credits that can be granted in this legislation is $10 million. A credit cannot be
LANSING ? Michigan Senate Republicans unveiled a series of proposals to boost tourism and industrial development in Northern Michigan by creating a Great Lakes Recreational Pass that would allow pass holders access to state parks, forests and federal forests through the region. The proposal is based on a similar idea in Washington, Oregon with the
SAN JOSE - eBay is fighting to repair a software glitch that opens the door to phishing attacks by criminals to create an actual eBay link that redirects customers to a malicious site. Phishing schemes typically use e-mail messages that look like they come from a trusted service provider to dupe people to into visiting
LANSING - Businesses would no longer pay tax on what they spend to provide health insurance to their employees under a bill passed this week by the Michigan House. Republicans, who control the House, hailed the measure as a way to improve the business climate in Michigan while also encouraging businesses to offer health insurance
LANSING ? Michigan was second in the nation for new corporate facilities and expansions in 2004, just behind Texas, Gov. Jennifer Granholm announced Thursday. The kudos from Site Selection magazine come as pressure mounts from some quarters to eliminate the Michigan Economic Development Corp. Site Selection magazine verified 653 such projects were launched in Michigan