Ann Arbor entrepreneurial community wins with $300M sale of HandyLab

Thursday, October 29, 2009 | Source: Concentrate
Ann Arbor start-up HandyLab hit it big in the up-and-coming entrepreneurship game.

Excerpt:

The sale of Ann Arbor-based HandyLab is the story that entrepreneurial dreams are made of.

And in this case they came true.

A published report on AnnArbor.com puts the price Becton-Dickinson paid for HandyLab at $300 million (a BD spokeswoman declined to confirm the price), and if that's true it's a very big start-up win for the region. The type that reinforces, if not proves, the idea that entrepreneurs can hit it Silicon Valley-big in Ann Arbor.

"This kind of success demonstrates that you can do this very well and allows local venture funds to leverage more capital," says Tom Kinnear, executive director of the Zell Lurie Institute for Entrepreneurial Studies at the University of Michigan's Ross School of Business.

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Related Tags

Biotechnology, Entrepreneurship, Investment 

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