Michigan Technology News and Entrepreneurs
ROYAL OAK - Bamboo Detroit, a co-working space in downtown Detroit, has outgrown its space on the third floor of the Julian C. Madison Building and has leased the fourth floor, adding another 3,000 square feet. Co-founder Mike Ferlito explains what’s happening in this segment of M2 TechCast. Ferlito said the new buildout will produce
ANN ARBOR — The cholesterol-fighting drug developer Esperion Therapeutics Tuesday announced an initial public offering of $150 million of its common stock. Esperion also expects to grant the underwriters a 30-day option to purchase up to $22.5 million of additional shares of its common stock. The company said it would use the net proceeds of
ROYAL OAK - How are traditional business lenders anticipating changes in the banking industry to accommodate emerging technologies like autonomous vehicles? Mark Brant, Market President at First Community Bank, answers some of these questions in an interview conducted by Keith Brophy, State Director of the Michigan Small Business Development Center. Brophy explores with Brant what
DETROIT - The early bird deadline to apply for the $1 million Accelerate Michigan business competition is Aug. 4, the last chance to throw your company’s hat in the ring for only $50. After Aug. 4, the application fee rises to $100. After Aug. 26 to $150. The final deadline for submissions is 11:59pm on
DETROIT - Jim Foucher, a vice president and co-founder of RBV Contracting, was a little surprised when I got a call from the Small Business Administration and was told SBA Administrator Linda McMahon wanted to visit his job site in downtown Detroit as part of her national tour of small businesses. McMahon, a former Republican
DETROIT - The third class of Detroit’s Techstars Mobility was announced last week, welcoming a total of eleven new companies to Downtown Detroit. Techstars Mobility brings entrepreneurs from all around the world to Detroit to work on a concept that innovates the way that goods and people are transported around the world. The program has
ANN ARBOR - For chief executive officers who want to boost their company's bottom line, it pays to be humble. In fact, something as simple as seeking feedback from those who work closely with the CEO has important payoffs. New research indicates that a CEO who asks for feedback on his or her performance from
DETROIT - Calling all startups and small businesses, Michipreneur has found more pitch opportunities that lead to cash prizes. In Pontiac their second annual Pitch n’ Pontiac is back. With partnership from CEED Lending, businesses can pitch and compete for prizes. First prize is $7,500 in cash with support services too. Those in food, technology,
DETROIT - Blogger turned entrepreneur Amanda Lewan announced this week that she has signed a lease for the fourth floor of the Julian C. Madison Building in downtown Detroit to handle demand for her co-working space. The new lease adds 3,000 square feet, bringing the capacity to near 10,000 square feet. Bamboo Detroit currently leases approximately 6,000
LOS ALTOS, Ca. - Toyota Research Institute will invest an initial $100 million to launch Toyota AI Ventures, a new corporate venture capital subsidiary designed to provide early-stage financing to startup technology companies. TRI will launch the venture by contributing initial investments it has made in three technology companies: Nauto, SLAMcore and Intuition Robotics. The
