ANN ARBOR - The University of Michigan plans to invest up to $25 million from its $7.8 billion endowment in university-grown startups, U-M President Mary Sue Coleman said Wednesday. Coleman said startups would be eligible to receive up to $500,000 each from the university after they?ve secured venture capital from a separate private source, Ann
GRAND RAPIDS ? Nominations are now being accepted for the 2012 Michigan Celebrates Small Business awards program, a prestigious annual competition that recognizes successful growing businesses and their supporters. Nominations will be accepted through Nov. 10. The winners will be honored at the 8th annual Michigan Celebrates Small Business event on April 26, 2012. Last
LANSING - The State of Michigan won five awards in information technology, more than any other state, at the National Association of State Chief Information Officers in Denver, Colorado. NASCIO selected 30 state technology initiatives in 10 categories as finalists for its 2011 Recognition Awards for Outstanding Achievement in the Field of Information Technology in
DETROIT - The chief economist for General Motors told senators that the Ambassador Bridge is currently meeting the company's logistical needs, but that won't be the case if traffic picks up as they expect it will in the next two to three years. Mustafa Mohatarem said for the year, GM has made 150,000 truck shipments
LANSING - Several Asian companies have expressed interest in Michigan, and Governor Rick Snyder told reporters Tuesday that his eight-day mission to Japan, China and South Korea "went better than expected." Snyder also said he was planning trade missions to Europe and back to Asia in 2012, though he did not have dates. Companies in
ANN ARBOR ? The University of Michigan Tech Transfer Office has recorded 101 licenses and options in fiscal year 2011, which ended June 30, exceeding the century mark for the first time. "This number of agreements is an important metric of success and places us again within the top 10 universities in tech transfer performance,"
LANSING - There is just less than $1 million of the $25 million from the current fiscal year left to be distributed out of the Michigan film incentive, but the $25 million that came available Saturday will stay in the coffers until the Legislature sets new rules for using the money. Film Office Director Carrie
LANSING - On the final day of his trade mission to Asia, Governor Rick Snyder on Friday signed a strategic cooperation agreement with Gyeonggi Province in South Korea to help build trade between the two regions. The agreement will allow for partnership developments between companies in Michigan and the Korean province, as well as between
TROY - InvestMichigan! Mezzanine Fund Thursday announced its first investment ? an undisclosed sum in Huron, a manufacturer of value-added precision machine products for the auto industry. The InvestMichigan! Fund also announced a second investment in a Michigan-based grocery distributor. Terms of that deal were not disclosed either. The Fund is co managed by Credit
LANSING ? The state announced Thursday its plans for solving the $145 million called for in the enacted fiscal year 2012 budget by requesting state departments develop contingency plans to address the needed savings should union negotiations fail. Reforms announced Thursday by the Michigan Department of Corrections provide $50 million in savings that will be