Michigan Technology News and Entrepreneurs
LANSING—More than 2,700 small businesses around Michigan have been awarded a total of $10 million in grants by local economic development organizations through the Michigan Small Business Relief Program, the Michigan Economic Development Corp. announced. The grants under the Michigan Small Business Relief Program are intended to support businesses facing drastic reductions in cash flow
ANN ARBOR—The Michigan “angel investor” community released its 2019 annual research report, showing an increase in the number of angel investors and the amount they invested in Michigan startups last year. “Since we started publishing this report in 2017, angel activity across Michigan has steadily increased,” said Skip Simms, Michigan Angel Fund managing director and
DETROIT - The Quicken Loans Community Fund has partnered with the City of Detroit and Rebrand Cities to provide a digital accelerator to 100 Detroit small businesses. The four-week virtual course will provide all the resources and instruction necessary for small businesses to build out a functioning website with an e-commerce shop that they will
DETROIT - The TechTown Stabilization Fund closed with 347 grantees receiving a total of $575,000 in funding – adding to the 350 small businesses previously funded by TechTown’s Detroit Small Business Stabilization Fund. Together, the two funds funneled approximately $1.2 million into local small businesses in the midst of the ongoing COVID-19 crisis. The New Economy
ANN ARBOR – Organizers of the 2020 Midwest Venture Showcase, a partnership between the Midwest Growth Capital Symposium and InvestMidwest, announced that 61 companies seeking funding will be showcased to an audience of top-tier investors, entrepreneurs, researchers and business executives at the virtual event on May 5-8. The showcase will be presented as a virtual
LANSING - Twelve small businesses and nonprofits around Michigan have been awarded a total of $1 million through the Pure Michigan Business Connect COVID-19 Emergency Access and Retooling Grants program, the Michigan Economic Development Corporation announced today. The program is providing the funds to small manufacturers looking to retool and produce critical health and human
LANSING – The MSF Board has approved modifications in the Business Accelerator Fund (BAF) which provides grants to 16 Smart Zone business accelerators to help high tech companies commercialize technology and grow. These modifications will help the Smart Zone accelerators better support their clients that are now struggling due to drastic economic decline due to
DETROIT — Over the course of two weeks, TechTown launched the Detroit Small Business Stabilization Fund and awarded a total of $606,000 to 350 Detroit small businesses. The fund was created in partnership with the City of Detroit, the Detroit Economic Growth Corporation (DEGC), and Invest Detroit to provide working capital grants to some of
ANN ARBOR - In light of the continuing impact of the coronavirus, the Midwest Growth Capital Symposium and InvestMidwest have partnered to present an online Midwest Venture Showcase 2020. The online format will still showcase Midwest companies seeking early-stage funding and the opportunity to connect with founders, angel investors and venture capitalists — as MGCS
ANN ARBOR - Dug Song, who sold in 2018 Duo Security to Cisco for $2.35 billion, has contributed $1 million to an emergency relief fund for small businesses in Washtenaw County impacted by the COVID-19 pandemic. The money was donated to the Washtenaw Small Business Emergency Relief Fund. https://www.washtenawsbf.com/ Contributions also came from Ann Arbor
