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Michigan Pre-Seed Capital Fund Invests in Three More Michigan Start-Ups
Date:12/11/2008

icals, Ann Arbor -- Hybra-Drive Systems, LLC, Deerfield -- ParkingCarma, Flint -- OTO Medicine, Ann Arbor -- Pixel Velocity, Inc., Ann Arbor -- SensiGen LLC, Ann Arbor -- EADevices, Inc., Kalamazoo -- MedElute, Inc., Kalamazoo -- Danotek Motion Technologies, LLC, Ann Arbor -- Saleztrack, Detroit -- Compendia Bioscience, Inc., Ann Arbor -- Avidimer Therapeutics, Inc., Ann Arbor -- RazorThreat, Royal Oak -- Functional Brands, Detroit -- JADI, Troy -- Venomix, Kalamazoo -- Accord BioMaterials, Ann Arbor -- Cielo MedSolutions, Ann Arbor -- Afid Therapeutics, Lansing -- ERT Systems, Ann Arbor -- Emiliem, Kalamazoo -- 3IS, Novi -- Fulcrum Composites, Midland -- Global Energy, Flint

To qualify for the Michigan Pre-Seed Capital Fund, a start-up company must have the sponsorship of its local SmartZone and have received grant, angel or venture capital funding greater or equal to funding requested of the Michigan Pre-Seed Capital Fund.

The Michigan Pre-Seed Capital Fund is an equity investment fund and will receive the same returns on its investment as the third party investor. The returns that the Michigan Pre-Seed Capital Fund receives from its investments will serve as seed money for the Fund's continuation.


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SOURCE Ann Arbor SPARK
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