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.
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, [...]
Tom Kinnear says he is a great “theoretical golfer.” It is the implementation that is lacking. In the same way, business students who learn how venture capital works without ever investing real money in real companies may be at a disadvantage, Kinnear says. That’s why, 11 years ago, Kinnear and colleagues at the University [...]
The First Step Fund, a $5 million seed fund established by the New Economy Initiative to help very early-stage entrepreneurs get their businesses up and running, is expected to announce its next three investments today. The fund, housed in Detroit’s TechTown, made its first four investments last month. See below for list of portfolio companies:
Air Movement Systems of [...]
Big companies are back on the prowl for start-ups and the IPO market has come back to life, providing some relief to the battered venture-capital industry that invests in young firms. Notice that the bulk of the IPO’s were in IT or Business/Financial Services..
Read the rest of the WSJ online article here
View the graph [...]
Renaissance Venture Capital Fund, with offices in Ann Arbor, MI, and Detroit, has invested $3 million in Houston VC firm DFJ Mercury, which says it will actively seek opportunities in Michigan. Renaissance CEO Chris Rizik says DFJ Mercury is a good fit for Michigan because of its focus on advanced materials, bioscience, and information technology, [...]
Nathan Bomey, a staff writer with AnnArbor.com posted a fine article today featuring University of Michigan professor David Brophy. David was responsible for launching the Michigan Growth Capital Symposium almost 30 years ago and has an interesting perspective on entrepreneurship in Ann Arbor. See the article here:
http://www.annarbor.com/business-review/michigan-is-embracing-gospel-of-diversifying-the-economy-university-of-michigans-david-brophy-says/index.php
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