August Investments: Look at the NumbersBy Amanda Lewan on August 31st, 2013 /
What’s happening in the world of Michigan startups? Below is a roundup of investment news and other interesting business development across the state.
Start Garden, the seed investment program out of Grand Rapids, recently announced an investment of $70,000 in five startups. The startups included Sportsman Tracker, an app that looks for the best places and times for hunters and fishers, and Seat Side Service, an app for ordering food delivered to your seat while at a game. Read more about the investments.
The Michigan Microloan Fund Program announced five Michigan companies received a total of $250,000 in investments. The companies received the support to help commercialize their core products. Recipients include Protean Payment, an innovate way to pay with one secure card, and also a new outdoor energy efficient lighting system called solartonic.
Tissue Regeneration Systems raise just a bit of money nearing $4.6 million for their product that makes bone replacement easier on patients. The startup has offices in Ann Arbor, Michigan, and was invested by Venture INvestors, Unviersity of Wisconin, University of Michigan and others.
The MEDC announced the winners of the food truck grant program, awarding $77,775 to food truck businesses across Michigan. The funds will be matched by an additional $144,246. The Mobile Cuisine Startup Program was announced in June and attracted a total of 65 applications.
Hello healthy food and delicious tacos! Winners include MI Fresh Start in Traverse City, The Organic Gypsy in Kalamazoo, Plain and Fancy Food in Pontiac, Roaming Harvest in Interlochen, Dia Des Los Tacos in Marquette, Taco Now in Flint, Detroit Pommes Frites in Southfield, and Pure F2T in East Lansing.
Batch Brewing Company wins the $50,000 startup prize in the Hatch Detroit competition, reported in Crains Detroit.
Other Fun News
Forbes writes about imagining the future of innovation in the auto industry. Where could Michigan fit in?
Wayne State University breaks ground on a new, advanced technology education center. It will be located in Warren, MI, a city home to defense and automotive companies.
U of M Startup Crossbar announces they’ve created a working prototype of a better way to store memory for smartphones. Still in early stages, it definitely looks like an interesting and useful technology.
Ann Arbor and Detroit appear on Inc’s map of startup dense cities in the United States. The map is based off of research from the Kaufman Foundation.
Detroit was featured on MSNBC’s Morning Joe show. They take a closer look at Forbes moving manufacturing jobs from China to Michigan, and also interview other leaders including Dan Gilbert. It’s a great listen but a longer series of interviews and stories.
West Michigan makes a interesting Inc list, claiming fame to 22 of the fastest growing private companies in the U.S.
Previously: July Look at the Numbers.
Please send any investment news and information to Amanda@michipreneur.com.