LANSING - The Michigan Economic Development Corporation is hoping the annual meeting of the National Association of Seed and Venture Funds next September will bring some of that business investment to Michigan. Michigan officials have been complaining for many years about the dearth of venture capital in the state and have proposed or implemented a
ANN ARBOR ? The Frankel Commercialization Fund, a student-managed venture capital seed fund at the University of Michigan's Ross School of Business, has made its first investment, $85,000 in Arbor Photonics an Ann Arbor company commercializing technology that originated in the U-M's Department of Electrical Engineering and Computer Science. Ann Arbor-based RPM Ventures, which invests
TROY - Automation Alley has received a contract from the U.S. Army Tank-Automotive Research, Development and Engineering Center and the National Automotive Center to provide an analysis of the Small Business Innovation Research program and to propose a strategy for improving the commercialization of SBIR technologies. No dollar figures was provided. The SBIR program is
LANSING ? A greatly expanded telemedicine network throughout the state will allow state residents to rural areas to stay closer to home when in need of medical treatments thanks to a $20.9 million, three-year grant from the Federal Communications Commission. The money will be used to extend high speed Internet connections to 390 public hospitals,
DETROIT ? Butzel Long continues its aggressive expansion by hiring three of New York City?s most experienced real estate attorneys. They?ll staff up century and a half old Detroit-based law firm?s office in the Big Apple. The new Butzel attorneys include: Samuel Ofsevit, now a Butzel partner, plus Irwin Reicher and Martin David Schechter who
MADISON, Wis. - In the quest to treat difficult diseases, researchers have created human embryonic stem cells without destroying embryos or using hard-to-get eggs. The technique may prove to be easier, cheaper, and more ethically appealing than an alternative approach that requires cloning. Two separate teams of researchers say they have sidestepped the cloning method
LANSING - On a 20-16 straight party-line vote the Michigan Senate has passed a proposal to replace the expanded sales tax on services with a temporary business tax surcharge, but action on HB 5408 leaves open the dispute on resolving the issue before the tax takes effect on December 1. The Senate changes cuts the
LANSING - A version of the Michigan Business Tax Surcharge has passed the Michigan Senate, but the tax is much less than under a proposal adopted earlier by the Michigan House. BL Government Affairs' Brandon Ringlever discusses the controversial tax proposal in this special edition of News Maker Interview. To listen, click on MITechNews.MediaRica.Com a>>
GRAND RAPIDS ? The GLIMA Network, about to undergo a major name change and face lift, has lost one of its founding chapters, the former GLIMAWest, now called AimWest. The separation, begun last August when the GLIMA Network sent internal messages to its eight chapters statewide, culminated with the official split this month. Both sides
ANN ARBOR ? Internet2 is accepting submissions for the 2008 round of the Internet2 IDEA Awards ? for existing or proposed applications that increase the impact of next-generation networks around the world. New this year is the Wave of the Future category for advanced applications that specifically require or make use of a dedicated optical