ANN ARBOR - Arboretum Ventures announced it has raised $140 million for its third investment fund, Arboretum III, which focuses on health care technology companies. The Venture Capital company, led by managing directors Jan Garfinkle and Tim Petersen, had set a goal of $125 million for its latest fund. ?We are pleased to have exceeded
WASHINGTON D.C. ? Three Michigan organizations are among hundreds of non profits from 44 states and the District of Columbia that received grants under the Program for Investment in Microentrepreneurs Act, the U. S. Small Business Administration announced Thursday. Michigan organizations awarded PRIME Grants are: Ann Arbor Center for Independent Living Center For Empowerment and
AUBURN HILLS - Plex Systems announced it raised enough money to provide 11,282 days of food for the Gleaners Community Food Bank of Southeastern Michigan's 2011 Food Fight to Tackle Childhood Hunger. The amount was the highest among participating companies with 100-250 employees, as well as the largest amount of all 30 participating companies. These
TROY ? Automation Alley announced Thursday that the executives of Wayne, Macomb and Oakland counties, as well as the Mayor of Detroit, will be keynote speakers at the 2011 Annual Awards Gala. Addressing the 2011 Automation Alley Annual Awards Gala will be: Detroit Mayor Dave Bing Wayne County Executive Robert Ficano Macomb County Executive Mark
LANSING ? The fall advertising campaign for Pure Michigan hits the airwaves this week. The television and radio ads, including seven partner ads, will air regionally and statewide through early October. The total fall advertising budget of $2,390,976 includes $295,000 in funding committed by private sector partners as part of the Travel Michigan Ad Partnership
AUBURN HILLS ? The Michigan Council of Women in Technology will host the 6th Annual Technology Career Summit on Sept. 17 at Oakland Community College. You'll have an opportunity to: Listen to HP's view of the future of technology Hear why mobile apps are the bright future for developers See how nanotechnology drives development of
DETROIT - The worldwide market for Li-ion batteries for electric vehicles will reach almost $9 billion by 2015, when 2.5 million hybrids, 300,000 plug-in hybrids and 500,000 electric vehicles will be coming down production lines. This growth will, however, be accompanied by massive overcapacity. Over the next few years, we will see Li-ion battery production
TROY - Altair Engineering Wednesday unveiled the world's first series hydraulic hybrid transit bus. The LCO-140H (Low-Cost of Ownership-1st 40-foot Hybrid) was developed under the BUSolutions program in partnership with Automation Alley, which is projected to lower the cost of ownership by $170,000 per bus as compared to a conventional diesel bus. With the average
GRAND RAPIDS ? Rod Kackley, the host of WOODRADIO's Clearly Community show, interviewed Mike Brennan and Richard Stiennon about their new cyber crime novella, Cyber Styletto, which discloses facts about the cyber war now underway. The show aired Sunday on WOOD-AM/FM, WBFX-FM, WMAX-FM, WSNX-FM, WSHZ-FM, WSRW-FM, WBCT-FM, WMRR-FM, WMUS-FM, WKBZ-AM, and WTKG-AM. To listen to
SAN FRANCISCO - New spamming campaign has been observed by TrendMicro that is spreading on twitter, the malicious shortened URLs contain a JPEG file from a Facebook domain. Files with extension .JPEG are usually image and pictures extension but here link lead to a worm detected by Trend Micro as WORM_KOLAB.SMQX. The interesting point that