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 [...]
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 [...]
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 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 [...]
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). [...]
At 17,000 square feet, the accelerator has enough space to accommodate up to 20 start-ups in need of office space, dry and wet labs, meeting and conference facilities, and business support services. Read more about the accelerator here.
Even though it was held up for a while after it passed the House, the Senate finally passed a bill that gives angel investors a 25% tax credit on investments that meet certain qualifications.
Read more here
Congratulations to Arbor Networks and the EDF Ventures team!
http://www.edfvc.com/20100810.pdf
http://www.annarbor.com/business-review/university-of-michigan-spinoff-arbor-networks-sold-to-tektronix-in-major-it-security-deal/
Ann Arbor, Michigan – EDF Ventures (“EDF”) is celebrating its third successful exit, in less than ten months, generated by the acquisition of a portfolio investment by a Fortune 500 Company. Arbor Networks, Inc. (“Arbor”) located in Ann Arbor, [...]
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