SOUTHFIELD—Lawrence Technological University’s Centrepolis Accelerator will hold a C3 Accelerator Showcase for clients of its C3 Accelrator program from noon to 2:30 p.m. Thursday, Aug. 26. LTU’s C3 Accelerator is a growth-stage accelerator with up to $1.65 million in funding available in grants, investments, and services, to support product development and growth of technologies in
ANN ARBOR—The Ann Arbor autonomous vehicle technology and shuttle service provider May Mobility announced the launch of an on-demand autonomous vehicle shuttle service in Grand Rapids. Partners in the effort include the city of Grand Rapids, the New York City-based transit technology provider Via Transportation Inc., and the Zeeland-based automotive electronics manufacturer Gentex. The expanded, on-demand service began on
GRAND RAPIDS—Infusion Associates, a provider of medically prescribed outpatient infusion therapy, has begun recruiting patients across Michigan for an international COVID-19 study sponsored by the National Institute of Allergy and Infectious Diseases. Alongside the international study team, Infusion Associate’s research team hopes to determine if giving anti-SARS-CoV-2 hyperimmunoglobulin (hIVIG) to people early in their infection
SOUTHFIELD—First there were a couple of cracks and pops, as hydraulic presses bore down with titanic force on a 41-foot-long section of test bridge. Then, a few ominous bangs. Finally, the test bridge collapsed with a resounding kaboom, sending small shards of concrete around Lawrence Technological University’s Center for Innovative Materials Research. Nevertheless, Nabil Grace,
JACKSON—The Michigan Credit Union Foundation, True Community Credit Union, and Henry Ford Allegiance Health have jointly donated $100,000 to The Launch Pad, a mixed-use business incubator program in Jackson. The Launch Pad encourages the formation of local, neighborhood, and service-based businesses, and provides resources, education, and space to serve underserved and underrepresented communities in business.
ANN ARBOR—The pharmaceutical firm Esperion Therapeutics Inc. feported a rise in sales of its novel cholesterol-reducing drugs in the second quarter ended June 30 but still posted a loss as efforts to boost the drug’s sales continue. The company posted a loss of $43.7 million or $1.67 a share in the quarter, compared to net
SOUTHFIELD—Lear Corp. reported net income of $175.2 million or $2.89 a share in the fiscal quarter ended July 3, compared to a loss of $293.9 million or $4.89 a share in the same quarter a year earlier. Revenue was $4.76 billion, up from $2.44 billion a year earlier. For the six months, net income was
GRAND RAPIDS—MaxOne, a Grand Rapids-based online youth coaching startup, announced it had raised $3.5 million in Series A financing. The round was led by Stadia Ventures, a St. Louis-based sports and eSports venture firm, and also included NBA star Chris Paul, the Piquet Family Office, a minority owner of the Texas Rangers, and the Grand
CADILLAC—Officials of Consumers Energy, the state of Michigan, and the city of Cadillac last week dedicated the company’s third solar power plant, Cadillac Solar Gardens. Consumers Energy’s Clean Energy Plan proposes using nearly 8,000 megawatts of solar energy by 2040, ending the use of coal by 2025, achieving net zero carbon emissions and saving customers
BLOOMFIELD HILLS—Ready to buy a used car entirely online? Bloomfield Hills-based Penske Automotive Group Inc. (NYSE: PAG) and Atlanta-based Cox Automotive Inc. are ready to sell you one that way. Officials at the two companies have announced the launch of CarShop, a fully automated technology platform to enable the online retail sale of used vehicles.
