entrepreneurship :Innovation & Job News

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$100M Stage 2 Innovations fund launches out of Automation Alley

A new $100 million fund has launched out of Automation Alley, promising to help fund the growth of second-stage businesses in Metro Detroit and Michigan.

Stage 2 Innovations will target growing firms in need of significant amounts of capital to fund commercialization of products or large-scale expansion of existing product lines. The fund will look for an equity stake in its investments.

"There is an opportunity for the private sector to step up to the plate and play a role," says Ken Rogers, executive director of Automation Alley. "Stage 2 Innovations is doing just that."

Stage 2 Innovations is being funded by an anonymous wealthy individual and is led by former Chrysler CEO Tom LaSorda. Simon Boag will serve as CEO and will oversee a team of roughly a dozen people working out of Troy.

The fund is not bound to invest only in Metro Detroit or Michigan-based companies, nor does it have a goal for a number of local companies it wants to make an investment in. However, LaSorda and Rogers were confident a lot of the deals would turn out to be local because of Stage 2 Innovations' partnership with Automation Alley and its plans to utilize the business accelerator's connections.

"The bottom line is we want to help companies in Michigan," LaSorda says. "We want to help commercialize ideas here."

Source: Ken Rogers, executive director of Automation Alley and Tom LaSorda, co-founder of Stage 2 Innovations
Writer: Jon Zemke

Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.

One dating service start-up leads to another, Infused Public Relations

Tatiana Grant didn't mean to get into public relations. When she left the Detroit Pistons public relations team a few years ago she planned to create a web-based dating start-up called Your Date Your Way.

While she was working to make that happen, she began to get inquiries to handle public relations work. Then a chance profile on CNN as part of Time magazine's Detroit project really brought in the PR work, prompting Grant to start Infused Public Relations & Events.

"It got to the point I had to create an LLC because I had so much work," says Tatiana Grant, president of Infused Public Relations & Events. "I didn't have a card or a website. It was purely word of mouth."

The Farmington Hills-based business now does work for NFL wide receiver Braylon Edwards and the Hob Nobble Gobble event for the Parade Company. Grant now employs two people and an intern or two. She plans to go after larger corporate and out-of-state accounts this year, with the idea of growing to staff of 10 people within the next five years.

And Grant is still working on the online dating service. She is preparing for a soft launch in October around Sweetest Day and a hard launch in February for Valentine's Day.

Source: Tatiana Grant, president of Infused Public Relations & Events
Writer: Jon Zemke

Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.

Accelerate Michigan Innovation Competition re-ups for 2011

The Accelerate Michigan Innovation Competition is back for the first time this year, bringing hundreds of thousands of dollars in seed capital to local start-ups.

Last year the competition showcased the best of the best start-ups in Michigan, along with attracting other out-of-state companies to move to the state. It awarded more than $1 million in cash and prizes last fall, including $500,000 to University of Michigan spin-off Armune Biosciences and $150,000 to Ann Arbor-based Arbor Photonics.

The prize pool remains the same this year, and organizers are working to bring in more start-ups and investors from out of state. They plan to utilize Automation Alley's international connections, the region's border with Canada and connections from the Business Leaders for Michigan. The goal is to have one-third of the money and people participating or attending to come from the coasts or elsewhere around the world.

"We're looking to bring in folks regionally, nationally and internationally," says Lauren Bigelow, executive director of the Accelerate Michigan Innovation Competition.

Contestants also receive valuable feedback from business experts and make connections with other business people from around the world.

The Accelerate Michigan Innovation Competition will be held on Nov. 16-17 at the Eagle Crest Conference Center in Ypsilanti. The gala awards and dinner will be held at Henry Ford Museum on Nov. 17. Interested start-ups can submit applications starting on June 6, with a deadline of Aug. 10. The deadline for student-led start-ups is Sept. 21. For information, click here.

Source: Lauren Bigelow, executive director of the Accelerate Michigan Innovation Competition
Writer: Jon Zemke

Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.

McClure's Pickles doubles production space, aims at national market

McClure's Pickles didn't really start out as a business five years ago. More like a profitable hobby for Joe McClure and his family.

It became real when the craft pickle producer hired its first employee in the summer of 2007 to keep up with demand. Today the company has offices in Metro Detroit and New York City, with 15 employees in Troy and another five in Brooklyn.

"We thought it would be fun," says Joe, who co-founded McClure's Pickles with his brother Bob and his parents, Mike and Jenny. "We have been making them for a long time so we thought it would be a fun little venture. We weren't doing it for the money."

Now they are. McClure's Pickles ships about 100 cases of pickles a day, almost double what it was shipping a year ago. It recently doubled its equipment and manufacturing space so it can meet growing demand in 10 states and major metro areas, including Detroit, New York City, Cleveland, Chicago, New Jersey and San Francisco. The next target market is Texas.

McClure's Pickles is aiming to continue its market expansion. Joe wants to enlarge his production space in Michigan to 10,000 square feet and increase his staff in Michigan to 20 people. "Demand keeps going up," Joe says. "We have some great distribution channels and a good food following."

Source: Joe McClure, co-founder of McClure's Pickles
Writer: Jon Zemke

Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.

TGM Skateboards moves to larger HQ, doubles staff

Steve Kynaston opened TGM Skateboards a decade ago as a skateboarding supply shop and quickly realized he also had the makings of an Internet retailer.

TGM Skateboards also did some product design work in the beginning. That evolved into the creation of its own brand and product sales on eBay. Today, the downtown Mt. Clemens-based business sells 99 percent of its products outside of Michigan and employs 22 people.

"We're selling hundreds of skateboards a day now," says Kynaston, general manager of TGM Skateboards. "We just want to give them a high-quality option over the garbage that is sold in big-box stores."

TGM Skateboards recently acquired a competitor and now has a wholesale distribution channel, Keystone Skate Supply. The retailer also moved into a much bigger facility last year, the 32,000-square-foot Dopp Furniture Building. That allowed the company to double its staff and push its sales up 20 percent. Kynaston believes his shop is now the largest skateboard shop in the Midwest.

Source: Steve Kynaston, general manager of TGM Skateboards
Writer: Jon Zemke

Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.

XFX Studio brings mobile, web work to downtown Mt. Clemens

XFX Studio Web Development's specialty is a bit of a conundrum. The downtown Mt. Clemens-based firm's focus is on graphically rich websites and applications, but its secret sauce is making these websites functional and interactive.

"That way it becomes a functional part of the business instead of just an informational piece," says Dan Wimpari, president of XFX Studio Web Development. He co-founded the company with Jeremy Giannosa. "The functionality has become our bread and butter."

The 10-year-old firm has grown to four employees and a few independent contractors, primarily working on software for the Internet. It merged with Web Solutions in 2008, another Web development firm. Today XFX Studio Web Development is working on a lot of custom mobile applications for other businesses.

One of its largest projects is creating an iPad app for a large heating-and-cooling company. The app would digitize the paperwork for the firm, making information more readily accessible and eliminating the triplicate of paperwork that it normally produces on calls today.

"It's not just the glamorous public side," Wimpari says. "We help companies do what they need to do on the Web."

Source: Dan Wimpari, president of XFX Studio Web Development
Writer: Jon Zemke

Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.

Valentine Vodka adds 4 jobs, preps to expand in U.S., Canada

The 3-year-old craft distillery has watched its revenue spike 65 percent over the last year and is on track to hit 130 percent growth in 2011. That expansion has allowed Valentine Vodka to add four jobs over the last year, rounding out its staff to six people and a summer intern. It now has its sights set on expansion outside of Michigan, and even the U.S., this year.

"We're looking to grow this thing big," says Valentine, president & founder of Valentine Distillery Co., which manufactures Valentine Vodka.

Valentine became interested in craft distilling while going through what he calls "a dirty martini kick," noticing all of the high-end vodka was foreign-made. He decided to do something about it by creating a local high-end vodka that is almost entirely made in Michigan. The labels are made in Grand Rapids, boxes are from Detroit, and printing from Ferndale.

"Everything except the glass bottle," Valentine says. "I'm switching right now. I was getting my glass from Europe and I am switching to a company from Missouri."

Valentine figures that if 10 percent of the vodka sold in Michigan were local, it would mean $100 million stays in-state. He thinks that's possible with the growing popularity of craft beer, mead, and liquor in the state. Plus, he's looking at moving into the Illinois, Tennessee, and Ontario markets this year.

"My mission is Michigan is to never have another bottle of Grey Goose sold," Valentine says.

Source: Rifino Valentine, president & founder of Valentine Distillery Co. and Valentine Vodka
Writer: Jon Zemke

Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.

New Ferndale structural engineering firm got start in Afghanistan

Joseph LaVere has long harbored ambitions of being his own boss, so the Metro Detroiter went to Afghanistan last year to develop his own structural engineering business, LaVere Structural Consulting, then returned to Ferndale this year.

LaVere, 29, worked for a number of engineering firms around town before seeing an advertisement in a trade publication seeking structural engineers to work as independent contractors in Afghanistan. The young man jumped at the opportunity to assess the structural integrity of schools and other government buildings against potential earthquakes in a U.S.-designated war zone.

"This was an opportunity to do something interesting for a little while," LaVere says. "It also gave me the seed money to go out on my own."

He opened his one-man operation, LaVere Structural Consulting, in February. It specializes in a broad range of structural engineering work for everyone from construction project managers to architects doing both renovation work and new building.

LaVere plans to spend his
first year establishing the company and building a customer base. He hopes it will play a part in Metro Detroit's rebounding economy.

"I know things are bad, but I don't expect them to stay bad," LaVere says.

Source: Joseph LaVere, principal of LaVere Structural Consulting
Writer: Jon Zemke

Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.

Birmingham's Glencoe Capital invests majority of $150M fund in 5 local companies

Glencoe Capital is an in-state business that is creating jobs through its other Michigan-based businesses.

The downtown Birmingham-based private equity firm has been managing some of the investments from the state of Michigan Retirement System for 15 years. It closed the $150 million Michigan Opportunities Fund in the summer of 2008 and has invested in five companies since then, all of which are either based in or have expanded in the Great Lakes State.

"We're fairly industry agnostic when it comes to investments," says Doug Kearney, principal of Glencoe Capital. "We're looking for good, solid businesses to take to the next level."

So far 60 percent of the Michigan Opportunities Fund is invested in those five companies, which include American Education Group (based in Grand Rapids), MooseJaw (Madison Heights), and Saline-based Flatout. The revenues of those companies are up 30 percent and they have doubled their employee count.

"We're looking to have eight or nine businesses over the next few years," says Jason Duzan, managing director of Glencoe Capital.

The
18-year-old firm has six employees in its downtown Birmingham headquarters and also has an office in Chicago.

Source: Jason Duzan, managing director of Glencoe Capital and Doug Kearney, principal of Glencoe Capital
Writer: Jon Zemke

Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.

NextWave incubator aims to host 14 businesses by summer

NextWave is eyeing exactly that, the next wave.

The small business incubator based in Troy got off to a fast start last summer, looking to catch Metro Detroit's rising wave of for-profit incubators. It crashed by fall but is now reorganized and ready to surf the next wave to success this year, launching new start-ups and preparing to be at full capacity soon.

"You'll see a full roster and right-sized solutions," says Jim Hebler, public relations coordinator for NextWave. "Within a year you'll see a right-sized organization that is growing at a realistic pace."

NextWave has already launched three companies that are up and running and is working to speed the start-up curve from 3-5 years to 1-2 years. Hebler is cautiously optimistic that the incubator will have a combination of 14 start-ups and second-stage businesses in its Troy building by this summer, well on its way to filling the 80,000-square-foot facility.

NextWave is focusing on tech companies, specifically in the software, healthcare, and IT industries.

Source: Jim Hebler, public relations coordinator for NextWave.
Writer: Jon Zemke

Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.

Family Signal develops warning system for kids' Internet usage

Parents want to do everything they can to protect their children, but there is never enough time. Family Signal is working on software to help parents keep their kids safe, at least on the Internet, through a warning system.

The Troy-based start-up's founders were working in data encryption technology for corporations that warns them when problems arise. They have now turned that into software that provides warnings to parents when their kids might be in danger when using popular Internet programs, like Facebook.

"We're protecting them against bullying, hate, sex, drugs, violence, you name it," says Brian Eisenberg, co-founder of Family Signal
. "We protect them from all of the bad stuff. The parent isn't spying on every little thing. Just the bad stuff."

Family Signal is seven months old and still working on perfecting its product. It has already added two people to its staff of six and hopes to add more in the next year. It is also planning to establish its brand this year and be able to point to a firm example of where a parent was able to protect their children with this software.

Source: Brian Eisenberg, co-founder of Family Signal
Writer: Jon Zemke

Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.

Local entrepreneurs turn Start-up Weekend idea into Bite to Meet

Four people met at Start-up Weekend in downtown Detroit last fall and turned the project they started into a business, Bite to Meet, that launched the Beta version of its product this week.

"We decided it was a good idea to keep working on," says Ramita Chawla, co-founder of Bite to Meet. "We have been moving forward on it ever since."

Bite to Meet is a virtual company (its founders live everywhere from downtown Royal Oak to Windsor) that is developing a web-based platform for professionals to expand their social networks over a meal. The idea, based on the Never Eat Alone book, is to help people maximize their networking time.

"You eat everyday," Chawla says. "You shouldn't waste that opportunity."

Bite to Meet also focuses on helping people make effective connections. That way people aren't asking what others can do for them while networking, but asking what they can do for others. The value of helping others lets it come to them.

Chawla and her partners plan to focus on Metro Detroit first. They hope to spread it across the Midwest in the company's first year. "We'd love to grow this and add more people," Chawla says. "We'd love to grow this as big as it can get."

Source: Ramita Chawla, co-founder of Bite to Meet
Writer: Jon Zemke

Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.

Dearborn's PeopleGro helps businesses play better, more effectively

Nicole Lemieux-Rever suffered a head injury in the early 1990s. That unfortunate mishap turned into an inspiration for a successful business, PeopleGro.

The accident sparked Lemieux-Rever's interest in the human brain, how it functions and how it impacts the effectiveness of people. That turned into PeopleGro, a company that focuses on organizational development and executive coaching for other businesses and entrepreneurs.

"We help you play better with the other people in the sandbox," says Lemieux-Rever, founder and catalyst for PeopleGro.

The Dearborn-based business now has three employees after adding one position. The 10-year-old company is also looking at bringing on an intern or two this summer. Making that growth possible are new clients, including Michigan State University and Zingerman's, along with some old faces.

"Clients who were on board five years ago have come back," says Lemieux-Rever.

Source: Nicole Lemieux-Rever, founder and catalyst for PeopleGro
Writer: Jon Zemke

Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.

Lawrence Tech set to host national Robofest tournament

A robotics competition like the upcoming Robofest at Lawrence Technological University is obviously a play to get more young people interested in a career in robotics. But CJ Chung, a computer science professor at Lawrence Tech, says it has a broader goal.

"We are using robots to further math and science learning," Chung says. "That's the purpose of Robofest."

Lawrence Tech
is hosting the 12th annual World Robofest Championship on May 7. welcoming 65 teams from around the world. They include 35 teams from outside of Michigan and a few from Canada and South Korea. Chung also likes to point out that this competition also has entrepreneurial aspirations.

"Some of my students who have participated in Robofest have started their own companies," Chung says.

Robofest is a competition of autonomous robots (computer-programmed to act independently) that encourages students to have fun while learning principles of science, technology, engineering, and math. Students design, construct, and program the robots. Adult coaches are not allowed to assist during the events.

Admission and parking are free. For more information, call (248) 204-3566 or send an email to robofest@ltu.edu or click here.

Source: CJ Chung, computer science professor at Lawrence Technological University
Writer: Jon Zemke

Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.

Hard Luck Candy establishes vodka distillery in St. Clair Shores

A small group of friends began selling flavor-infused vodka at their Grosse Pointe-based bar, the Hard Luck Lounge, a few years ago. That little experiment proved profitable with patrons asking to buy their own bottles of flavored vodka, giving birth to Hard Luck Candy.

"We saw such a demand for it that we started thinking, how can we get this into other bars and stores?" says Chris George, vice president of Hard Luck Candy. He co-founded the craft-liquor firm based in St. Clair Shores with Mike Mouyianis and Rob Nicholl.

Today the 3-year-old company produces 50 cases of flavored vodka a week for hundreds of locations across Michigan. Its products primarily consist of Red Fish (a berry flavor) and Root Beer Barrel. It will premiere two more flavors called Orange Dream (orange and vanilla) and Lemon Drop (sweet and sour) in May.

"We've had really good growth and really good support for our Michigan-made products," George says.

Hard Luck Candy vodka is distilled in Temperance, a 45-minute drive south from Detroit. It's sold at 700 locations (liquor stores, bars and restaurants) across Michigan. George and his partners plan to expand into six other states and Canada over the next year. That should prompt them to add two more employees to their team of five people and a couple of independent contractors.

Source: Chris George, vice president of Hard Luck Candy
Writer: Jon Zemke

Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.
635 entrepreneurship Articles | Page: | Show All
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