Category: Uncategorized

http://www.wxyz.com/dpp/news/$25-million-to-support-michigan-entrepreneurs LANSING, Mich. (WXYZ) – The Michigan Economic Development Corporation (MEDC) announced Wednesday that $25 million will be awarded to several organizations. The state will give the money to eight organizations that will support entrepreneurs. The money will not only help the launch of new businesses throughout the state, but it will also continue to […]

Thomas Lee 7/25/11 http://www.xconomy.com/detroit/2011/07/25/my-farewell-present-six-observations-about-michigans-innovation-economy/

Thomas Lee 7/19/11 http://www.xconomy.com/detroit/2011/07/19/facing-an-early-death-michigans-angel-credit-program-finds-few-takers-so-far/

Xconomy: “Serial Entrepreneur Jeff Williams To Lead Life Magnetics” Thomas Lee 4/25/11 If it ain’t broke, don’t fix it. Arboretum Ventures in Ann Arbor, MI, is once again teaming up with serial CEO Jeff Williams to try to spin a University of Michigan-bred company into investor gold. This time Williams will lead Life Magnetics, a […]

Michigan venture capital-backed companies like Accuri Cytometers looking to emulate the exit of a local peer couldn’t choose much better than HandyLab, whose 2009 sale to global technology firm Becton, Dickinson and Company (NYSE: BDX) netted investors $275 million.  But then, Accuri Cytometers CEO, Jeff Williams, is more familiar than most with that deal—he was […]

Franklin Lakes, NJ (February 7, 2011) – BD (Becton, Dickinson and Company) (NYSE: BDX), a leading global medical technology company, announced today that it signed a definitive agreement to acquire Accuri Cytometers, Inc., an Ann Arbor,  Michigan-based company that develops and manufactures personal flow cytometers for researchers. The acquisition is subject to regulatory approvals and […]

Attorneys Carrie Leahy (Bodman), Audrey DiMarzo (Honigman), and Brad Wyatt (Dickinson Wright) briefed MVCA members January 24 about what’s now required of venture firms under the terms of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Pub.L. 111-203, H.R. 4173). The Act, passed into law in 2010, may require many venture capital firms to […]

InfoReady Completes $1.1 Million in Seed Funding Company’s Social Media Technology Addressing $650 Billion Information Overload Problem Ann Arbor, MI – Startup software company InfoReady Corp. has raised $250,000 in seed capital from Automation Alley, closing out $1.1 million in first-round funding. InfoReady’s core technology helps knowledge workers find relevant information quickly with advanced search […]

Ann Arbor, Mich. – The Venture Michigan Fund II, Limited Partnership (“VMF II”) announced today that it has launched a new fund to invest in high quality venture capital funds committed to investing in Michigan based high technology companies. VMF II has capital totaling $120 million to invest in venture capital funds targeting seed and […]

In December 2010, the Governor signed into law HB5921, the Small Business Investment (Angel) Tax Credit bill. This bill will provide a 25% tax credit to qualified investors who invest in qualified seed and early stage businesses in Michigan.  On Friday, December 17th, from 3:30-5:30pm, the Michigan Economic Development Corporation will conduct a public forum […]