CLEVELAND - Bridge Investment Fund LP, with offices in Cleveland and Tel Aviv, announced it is participating in a $3.5 million series B financing round in Arbel Medical Ltd. The investment round was led by Giza Venture Capital and joined by Ofer Hi-Tech, two of Israel's leading venture capital firms. Arbel Medical is an Israeli
ROCHESTER HILLS - Autoweb, which provides software-based data management and business-process automation solutions, has changed its nane to Trubiquity ? a name coined to reflect Autoweb's 2007 acquisition of European-based Secorex. The company will debut its new name at the SAE World Congress in Detroit April 14. ?Autoweb?s new name and identity are direct results
ANN ARBOR - It's not too late to sign up for the spring cycle of the Great Lakes Entrepreneur's Quest business-plan competition, where first prize is $25,000 in cash. The deadline to sign up - not submit your business plans - is Friday April 18, says GLEQ Executive Director Diane Durance. For all you tech
BATTLE CREEK ? Scott Baron, President and CEO of Arbor Preclinical and Consulting of Ann Arbor, was the winner Thursday night of the elevator pitch contest at the FastTrac TechVenture West Michigan training program finale. Baron bested six other entrepreneurs who gave 90-second elevator pitches to a panel of private equity finance specialists at a
LANSING - Updates to Michigan?s main economic development program, the Michigan Economic Growth Authority, which proponents said are needed to make the state more competitive, overwhelmingly cleared the House on Thursday. Only three Republicans, Rep. David Agema (R-Grandville), Rep. Tom Pearce (R-Rockford) and Rep. Brian Palmer (R-Romeo), opposed SB 1187 , SB 1188 , SB
ANN ARBOR ? MichBio, the state's life sciences trade association, will be hosting a workshop on April 22 to look at how biotechnology companies can select the best funding sources. The workshop is scheduled in the afternoon just before the MichBio annual meeting. The workshop is called Capital Formation: Lost in Translation. Industry experts will
TROY - Automation Alley is working with the Michigan Small Business & Technology Development Center and the Edward Lowe Foundation to offer PeerSpectives CEO Roundtables, a new opportunity to CEOs, presidents or owners of growth-oriented businesses in Michigan. At a special demonstration April 16 of PeerSpectives, sponsored by Miller Canfield, prospective participants will watch a
TROY - When you are faced with a business dispute, what is the best way to resolve it and how much will it cost? Top legal professionals will provide practical insight into your choices including a benefit and risk analysis of litigation, arbitration and mediation on April 29 at Automation Alley. The program starts with
NEW YORK ? The Wall Street Journal reported Wednesday that Yahoo and Time Warner's AOL are closing a deal to combine their Internet operations, a move aimed at thwarting Microsoft's effort to acquire Yahoo. But Microsoft is recrafting its assault plan by talking with Rupert Murdoch's News Corp., publisher of The Wall Street Journal, about
AUBURN HILLS - Kolbenschmidt Pierburg has opened its 60,000 square foot North American Technical Center in Auburn Hills, one of three located around the world that will allow the engineering, design, prototyping and validation of products for both local and global automotive customers. The Auburn Hills Tech Center will initially house more than 70 engineering,