DETROIT - Algal Scientific Corp., creator of an algae-based technology for animal food supplements, won the top prize of $500,000 at the third annual Accelerate Michigan Innovation Competition, part of $1 million in prizes handed out Thursday night. Algal Scientific survived three days of pitches and presentations by 50 early stage companies as well as
ANN ARBOR - Michigan's residents should continue to see modest but steady economic growth over the next two years that will lead to job growth, lower unemployment rates, a larger automotive market and modestly improved state finances, an economist forecast on Friday. Still, even with two additional years of growth, Michigan will be a long
GRANDVILLE - Trivalent Group announced that its internal review team has narrowed 52 nonprofit applicants to 20 semi-finalists in the first stage of CompassionIT, a philanthropic initiative that will provide $30,000 in free technology equipment and Trivalent Group services to a Michigan nonprofit. The five finalists will be announced on Dec. 3 with a final
DETROIT ? Chrysler plans to hire 1,250 workers and invest $240 million at three Michigan factories so it can increase production of its engines and pickups. ?Today is another important milestone in living up to the commitment we made more than three and a half years ago to our employees, this city, this region and
ANN ARBOR ? The National Center for Manufacturing Sciences plans to spend $2 million to create an innovation center to accelerate manufacturing in Michigan. The center will be built in General Electric Co.?s Van Buren Township campus. It will provide digital modeling and simulation tools for smaller manufacturers in Southeast Michigan thorugh a $1 million
EGHAM, UK - Worldwide sales of mobile phones reached almost 428 million units in the third quarter of 2012, a 3.1 percent decline from the third quarter of 2011, according to Gartner, Inc. Smartphone sales accounted for 39.6 percent of total mobile phone sales, as smartphone sales increased 46.9 percent from the third quarter of
TROY - Altair has acquired Synopsis Consulting, an Italian business and engineering performance analytics solution. Terms were not disclosed. The staff of Synopsis Consulting will be incorporated into Altair's product development division, Altair ProductDesign, to augment the company's Enterprise Solutions Group. For over 25 years, Synopsis Consulting built its reputation by supplying Italian automotive, transportation,
SAN BRUNO, CA ? In a survey of more than 700 IT professionals, 44 percent said they'd be moving applications to the cloud within the next 12 months, with up to 33.4 percent saying they will include up to half of their applications. 54.5 percent of respondents touted the benefits of making the move to
ANN ARBOR ? A technology company that started in a pole barn in Oshtemo Township in 2006 has just passed $100 million in revenue for the year 2012, making it the Michigan Venture Capital Association 100 award winner. Mophie, which makes portable power units for smartphones and tablets, should add another $50 million in revenue
WASHINGTON DC - The cybercrime division of the FBI, under a new program, has retooled to focus on determining the identities of intruders at the other end of the keyboard, bureau officials announced. Giving priority to the labeling of suspects follows claims by the Pentagon that the military now has the capability to single out