If it's the little things that add up in life, then LogiCoul Solutions is well on its way to collecting more than its fair share this year.
The Sterling Heights-based startup that calls the Macomb-OU INCubator
home has made a number of base hits in 2014, putting it into position to make a significant score before the end of the year. The battery-enhancement technology startup was one of the 20 presenters at the Michigan Growth Capital Symposium
last summer and recently made the semifinals of this fall's Accelerate Michigan Innovation Competition
. It also received the patent for its technology last July.
"That's very exciting for us," says David Stout, executive vice president of LogiCoul Solutions
The 6-year-old company is developing technology that sends electromagnetic waves to a battery, which lowers resistance and creates more useful energy. The bottom line is a longer-lasting and more energy-efficient battery. The company started out with the idea of using it on lithium-ion batteries but switched to a lead-acid battery focus to take advantage of a much bigger market.
"We have never met a battery our process didn't like," Stout says.
The three-person startup is currently looking to hire a vice president of engineering. It also hopes to lock down a seed capital round later this year or early next year to continue the push toward developing its technology.
Source: David Stout, executive vice president of LogiCoul Solutions
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.