Our friend’s at Duo team up with the leading provider of open online identity protection, Yubico, to tag-team FaceBook’s authentication needs. Find out how the collaboration creates unique usability and security HERE.
The Michigan Investment in New Technology Startups (MINTS) program, announced by University of Michigan President Mary Sue Coleman in October 2011, made it’s first investment in an advanced memory development company based in Santa Clara, CA. While good news for UofM startups, it should be noted that this was a Series B investment and not an investment in perhaps the more underserved seed/early stage space. See the original article here.
Jen Baird, the CEO of Resonant portfolio company Accio Energy, was recently named as the MVCA Entrepreneur of the Year. Along with Colin Rich, Jen co-founded Ann Arbor-based Accuri Cytometers Inc., which was sold in February to New Jersey-based Becton, Dickenson and Co. for $205 million. Congrats Jen!
Tom Henderson from Crain’s wrote an article regarding Mary Sue Coleman’s announcement that the University of Michigan Endowment will finally be investing in its own startups. Resonant and Arboretum were profiled as two local firms which make seed stage investments and would be able to benefit from a university co-investment.
Resonant was in attendance for Steve Blank’s talk at the Ann Arbor New Tech Meetup at the Ross School of Business yesterday. Steve’s presentation was well received by all the entrepreneurs that packed into Blau auditorium, but it was one of the answers he gave to an audience question that was the highlight of the night.
Steve was asked what three suggestions he would give to Rick Snyder to encourage entrepreneurial businesses in MI. Steve responded that there was only ONE thing that Michigan needs – to increase the density of venture capital here and in a variety of areas. He said we have some good biotech stuff, but we need to kick it up by a factor of 5 or 10 in the IT space.
See his full answer to the Snyder question:
Better yet – check out his full presentation:
Mary and Brian Campbell will be honored with lifetime achievement awards on March 10 at the annual mergers and acquisitions awards event co-hosted by Crain’s Detroit Business and the Association for Corporate Growth. Resonant is extremely proud to have the mentorship of the Campbells and look forward to many more years together! Read the entire Crain’s article here.
The Small Business Investment Tax Credit (“SBITC”) Program provides Qualified Investors a 25% tax credit over a two year period on Qualified Investments in Qualified Businesses. Resonant is now certified as a Qualified Investor. Qualified Investments must be made between December 31, 2010 and January 1, 2013 to be eligible for tax credit. Click here for the program fact sheet, supporting legislation, and application forms (in PDF format).
Resonant’s advisory board member, Mary Campbell, was featured in a Crain’s article by Tom Henderson. Her venture capital firm, EDF Ventures, is MI’s oldest firm and has had a recent string of successful exits: Sircon Corp (acquired by Vertafore), HandyLab (acquired by Becton Dickinson), Arbor Networks (acquired by Tektronix), and Greenplum (acquired by EMC). Read more about one of Resonant’s most supportive mentors here.