ANN ARBOR - It's a question every startup struggles with—how to divide the equity before a product, an app or service is developed? Startup founders are often compensated initially with equity shares until the business starts making money, and equally splitting shares seems like the default. Equally splitting these shares can create problems such as
GRAND RAPIDS - The Grand Rapids Area Chamber of Commerce Wednesday announced the winners of the 2017 EPIC Awards - honoring local organizations and professionals for their outstanding success stories and contributions to West Michigan economy. Twenty local entrepreneurs and non-profit organizations were in the running as finalists for seven EPIC Award categories. Recipients and
ANN ARBOR - A security-token necklace, ear buds or eyeglasses developed at the University of Michigan could eliminate vulnerabilities in voice authentication—the practice of logging in to a device or service with your voice alone. Talking to electronics has become a popular—even essential—way to command them. In this era of the internet of things, voice
LANSING - The North American International Cyber Summit 2017 hosted by Michigan Governor Rick Snyder, is once again set to take place in the heart of Downtown Detroit at Cobo Center. As in previous year’s, this event will bring together experts from across the globe to address a variety of cyber-security issues impacting the world.
ANN ARBOR - University of Michigan researchers reported 444 new inventions, up from last year's 428, and the fifth straight year of more than 400 inventions from U-M faculty. U-M Tech Transfer also had a record 172 U.S. patents issued in fiscal year 2017, up from 135 in fiscal year 2016. It also signed 173
SOUTHFIELD - Paperless account payable solutions provider ImageSoft announced that the Lawrence Livermore National Laboratory has gone live with its OnBase solution to scan, index, store and route documents through a custom-designed workflow system. Meeting urgent national security needs by advancing nuclear weapons, science and technology, the Lawrence Livermore National Laboratory operates with an
DETROIT - Cutbacks in Defense Department procurements have resulted in a $2.23 million grant to help defense contractors diversify and expand into other industries and expand job opportunities. The grant goes to the Advance Michigan Defense Collaborative to provide immediate and sustained assistance to defense contractors and their employees in southeast Michigan. AMDC coordinates assistance
NOVI – Six hundred sixty ITC Holdings Corp. employees raised $12,500 to support Pearl, Texas, residents impacted by Hurricane Harvey. The funds will support the Pearland Neighborhood Center to deliver food, water, baby items, hygiene items and cleaning supplies to Pearland and Brazoria County residents in need. ITC Holdings is the nation’s largest independent electricity
NOVI – To help restore electric service to communities after catastrophic emergencies or significant natural events, 28 utilities – including ITC Transmission and METC in Michigan – have now committed to participate in the RESTORE program, which establishes a proactive approach to providing critical equipment for utilities that need additional resources during disaster recovery. The
ANN ARBOR - Supported Intelligence announced it is partnering with a team of University of Michigan engineering students to research and prototype an innovative application for use with connected vehicles. Supported Intelligence developed the revolutionary Rapid Recursive decision software. Supported Intelligence has created a prototype applying the Rapid Recursive method to connected vehicle traffic management,
