Displaying items by tag: Ann Arbor SPARK
‘TREMENDOUS WIN:’ Tetra Therapeutics’ sale offers healthy returns for investors, validation for local ecosystem
GRAND RAPIDS — Tetra Therapeutics Inc.’s sale to a Japanese pharmaceutical company provides a final pathway toward bringing to market potential new drugs to treat Alzheimer’s disease and a form of autism, as well as generates a handsome return for financial backers.
MSU Foundation to manage state-backed $5.5M pre-seed fund
The Michigan Economic Development Corp. plans to put $3 million into a capital fund that will invest in early-stage technology companies.
State allocates $7 million in funds to back early-stage entrepreneurs
An assortment of state-backed capital funds and initiatives to support business startups, innovation and entrepreneurs recently earned renewal in Lansing.
Despite growth, more angel investors needed in state
Michigan has more angel investors than ever who invest in startup companies, but Skip Simms believes that’s still not nearly enough.
Philanthropy as Economic Development? Foundations increasingly step up to kickstart risky community initiatives
The philanthropic efforts of nonprofits and foundations throughout Michigan are increasingly addressing bigger issues such as affordable housing, community revitalization and employment.
Disher Design to increase staffing by 30 percent with help from MEDC grant
Disher Design & Development plans to increase its workforce by approximately 30 percent with the help of a $200,000 performance-based grant from the Michigan Economic Development Corp.