Navigation Links
Michigan Pre-Seed Capital Fund Awards Three Micro Loans

ANN ARBOR, Mich., Sept. 9 /PRNewswire/ -- Three companies were recently awarded a combined total of $137,500 in micro loan funding through the Michigan Pre-Seed Capital Fund, a collaborative effort of Michigan's SmartZones to support start-up growth throughout the state. Advanced Battery Concepts, FreeStride and RealBio will use the funding to further the commercialization efforts of their technologies.

"Helping companies reach commercialization of their technologies is a key way Michigan can reignite an innovative culture to the state," said Skip Simms, Michigan Pre-Seed Capital Fund administrator. "The Michigan Pre-Seed Capital Fund is a strong signal of the state's commitment to developing a robust, tech-driven, knowledge based economy. Advanced Battery Concepts, FreeStride and RealBio reflect the culture of innovation taking root across Michigan."

Advanced Battery Concepts, based in Midland, has developed battery electrode technology, GreenSeal(TM), which enables dramatic improvements in lead-acid battery performance while lowering costs.

Free Stride, based in Ann Arbor, is a veterinary pharmaceuticals company. Its lead product, PowerGait(TM), is an oral medication for racehorses that prevents shin pain and shin injury ("bucked shins").

RealBio, a Kalamazoo-based business, has developed Nth Degree Systems, a new tool for growing cells that can be used with numerous cell matrices and permits the study of true tissues.

Michigan Pre-Seed Capital Fund micro loans range from $10,000 to $50,000. To qualify for the micro loan program, companies must be a small business located in Michigan, have the rights (ownership or license) to innovative technology, and be privately held. Funding is to be used for the development of a business that is focused on the commercialization of technology of interest to the 21st Century Jobs Fund.

The Michigan Pre-Seed Capital Fund, a collaborative effort of Michigan's 15 SmartZones, is an equity fund that invests in technology-based companies to support business formation and acceleration. Each SmartZone is responsible for recommending an investment to the Michigan Pre-Seed Capital Fund review board. Ann Arbor SPARK serves as the Fund's administrator.

For more information about the Michigan Pre-Seed Capital Fund micro loan program, visit


Ann Arbor SPARK, a non-profit organization, is the driving force in establishing the Ann Arbor region as a destination for business expansion, retention, and location by identifying and meeting the needs of business at every stage, from startups to large organizations. Ann Arbor SPARK represents all communities in the Washtenaw County. Ann Arbor SPARK collaborates with business, academic, government, and community investor partners including the University of Michigan, Eastern Michigan University, Washtenaw Community College, Michigan Works!/ETCS, Washtenaw County, the City of Ann Arbor, the Bank of Ann Arbor and the Michigan Economic Development Corporation. For more information, please call (734) 761-9317 or visit

Copyright©2009 PR Newswire.
All rights reserved

Related biology technology :

1. University of Michigan Installs Neuro Kinetics I-Portal(R) NOTC System
2. The West Michigan Science & Technology Initiative is Named Statewide Reviewer for Life Science Funding Requests Through New Program
3. DNA Software, Inc. Honored as One of the 2009 "Michigan 50 Companies to Watch"
4. MichBio Will Publish 2009 Michigan Biosciences Directory and Resource Guide
5. EcoSphere(R) Biolatex(TM) Secures Funding from Granholm and Invest Michigan!
6. Michigan Company Founded upon What Could Be History's Most Important Breakthrough in AI and Robotics
7. Automation Alley Releases Report on State of Southeast Michigans Technology Economy
8. West Michigans Newest Medical Device Company Receives Support from the West Michigan Science & Technology Initiative and EDF Ventures
9. MichBio Expo Will Feature Sessions for Michigan Manufacturers Interested in Entering Medical Device Market
10. The Michigan Life Sciences Pipeline Announces The Funding Place(TM) and Other Resources to Connect Investors and Startups
11. New Report on 633 Biotechnology Medicines Under Development Released in Michigan
Post Your Comments:
(Date:11/25/2015)... , Nov. 25, 2015  PharmAthene, Inc. (NYSE ... has adopted a stockholder rights plan (Rights Plan) in ... operating loss carryforwards (NOLs) under Section 382 of the ... --> PharmAthene,s use of its NOLs could ... change" as defined in Section 382 of the Code. ...
(Date:11/25/2015)... -- Neurocrine Biosciences, Inc. (Nasdaq: NBIX ) announced today ... Neurocrine Biosciences, will be presenting at the 27th Annual ... . .   Listeners ... prior to the presentation to download or install any ... available on the website approximately one hour after the ...
(Date:11/25/2015)... 25, 2015 The Global ... a professional and in-depth study on the current ... (Logo: ) , The ... including definitions, classifications, applications and industry chain structure. ... international markets including development trends, competitive landscape analysis, ...
(Date:11/24/2015)... Cepheid (NASDAQ: CPHD ) today announced ... conference, and invited investors to participate via webcast. ... December 1, 2015 at 11.00 a.m. Eastern Time ... December 1, 2015 at 11.00 a.m. Eastern Time ... York, NY      Tuesday, December 1, 2015 at ...
Breaking Biology Technology:
(Date:10/29/2015)... Mich. , Oct. 29, 2015  Rubicon ... Genomics for U.S. distribution of its DNA library ... kit and Rubicon,s new ThruPLEX Plasma-seq kit. ThruPLEX ... enable the preparation of NGS libraries for liquid ... for diagnostic and prognostic applications in cancer and ...
(Date:10/27/2015)... 27, 2015 In the present market scenario, ... for various industry verticals such as banking, healthcare, defense, ... growing demand for secure & simplified access control and ... as hacking of bank accounts, misuse of users, , ... as PC,s, laptops, and smartphones are expected to provide ...
(Date:10/26/2015)... and LAS VEGAS , Oct. 26, ... , an innovator in modern authentication and a founding ... the launch of its latest version of the Nok ... organizations to use standards-based authentication that supports existing and ... Authentication Suite is ideal for organizations deploying customer-facing applications ...
Breaking Biology News(10 mins):