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Report: Michigan Businesses Received More Than $41M from Angel Investors in 2017

In 2017, angels invested more than $41 million in 70 Michigan companies, according to a report released Tuesday by the Michigan Angel Community, a new statewide initiative managed by Spark in Ann Arbor. The company recently completed its first annual research report.

Detroit’s Holiday Inn Express and Suites Slated to Become Boutique Hotel with Acquisition by New York-based Company

Downtown Detroit’s Holiday Inn Express and Suites has been acquired by Glenmont Capital Management, a New York-based real estate investment firm, Glenmont announced today. The property will undergo a $10 million renovation and be rebranded to an upscale boutique Hotel Indigo.

IPS Realty in Grosse Pointe Park Partners with New York Investor to Renovate Residential Property in Detroit

IPS Realty in Grosse Pointe Park today announced it has partnered with Icarus Investment Group in New York to acquire and renovate residential property in Detroit.

Bedrock and Quicken Loans Commit $1M to the City’s $9M Plan to Revitalize Breithaupt School

Detroit Mayor Mike Duggan, Nikolai Vitti, superintendent of Detroit Public Schools Community District, and officials from Quicken Loans and Bedrock today announced a $1 million investment in the Breithaupt Career and Technical School.

Spider Silk Company Kraig Biocraft in Ann Arbor to Establish Subsidiary in Vietnam

Kraig Biocraft Laboratories Inc., an Ann Arbor developer of genetically engineered spider silk-based fiber technologies, today announced it has received an investment registration certificate for the establishment of its new Vietnamese subsidiary, Prodigy Textiles Co. Ltd.

Wayne Landfill Receives EPA Approval for Biogas to Renewable Natural Gas Facility Operations

Massachusetts’ Ameresco Inc., an energy efficiency and renewable energy company, today announced the landfill gas to renewable natural gas facility at Waste Management’s Woodland Meadows Landfill in Wayne has achieved EPA approval and is now in operation.

Detroit’s GM Partners with Amazon to Offer In-Vehicle Package Delivery Via Key App

Owners of more than 7 million eligible Chevrolet, Buick, GMC, and Cadillac vehicles in the United States can now have Amazon packages delivered inside of their vehicles, General Motors Co. announced today.

Birmingham-based MadDog Ventures Closes $26.7M Venture Capital Fund

MadDog Ventures, based in downtown Birmingham, today announced the successful closing of its first venture capital fund, Mad Dog Venture Fund I, L.P.

Henry Ford Health System in Detroit Taps Robotic Technology Used on International Space Station

Detroit’s Henry Ford Health System is the first in the state to use robotic imaging technology for brain and spinal surgeries using the Modus V, a robotic arm developed from technology used on the International Space Station, the health care organization announced today.

Ann Arbor-based U-M Researchers Develop High-efficiency Organic Solar Cells

Researchers at the University of Michigan in Ann Arbor have created organic solar cells that can achieve 15 percent efficiency, which is in the range of many conventional solar panels on the market. The advancement will make more flexible, inexpensive solar cells commercially viable.

Global FIRST Robotics Competition in Detroit This Week Expected to Generate $30M in Economic Activity

More than 15,000 students grades K-12 from 25 states and 45 countries are slated to compete in the global FIRST Championship in Detroit this week (April 25-28), spending an estimated $30 million in the city.

Dearborn EnvisionTEC Creates World’s Longest 3-D Printed Chain

EnvisionTEC in Dearborn, a global manufacturer of desktop and full-production 3-D printers and materials, today announced it has 3-D printed the world’s longest resin chain in a single piece.
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