©2016 Michigan Economic Development Corporation

Michigan Commercialization and Investment Successes Celebrated

Tuesday, December 10, 2002

Jennifer Kopp-Owens
(517) 335-4590

Awards Honored Top Businesses and Individuals

Michigan Economic Development Corporation (MEDC) officials honored several organizations and individuals for their successful commercialization endeavors at the Michigan Investment and Commercialization Success Celebration yesterday evening.

Michael Jandernoa, member of the MEDC Executive Committee and Doug Rothwell, MEDC president and CEO, distributed a total of 17 awards for excellence in commercialization in the fields of advanced manufacturing, information technology, life sciences, venture capital and angel investing.The ceremony took place at the Michigan State Capitol Rotunda.

“These awards honor Michigan’s ingenuity and entrepreneurial spirit,” Rothwell said.“The drive and support of the companies and individuals honored has lead to the successful commercialization of groundbreaking university research helping the state develop into a national leader in the technology-driven economy.”

The nominees were chosen on the basis of innovation, success in the marketplace and their contributions to Michigan’s economy.

Four winners in the advanced manufacturing category were:

  • Ardesta, Ann Arbor
  • KTM Industries, Lansing
  • Mag Research and Development Company, Pleasant Ridge
  • Quantum Signal, Ann Arbor

Two companies honored in the information technology category were:

  • Arbortext, Ann Arbor
  • Clarity LLC, Troy

The life sciences category had six winners including:

  • Ash Stevens, Detroit
  • AvTech Laboratories, Kalamazoo
  • Neogen, Lansing
  • Nephros, Ann Arbor
  • NephRx, Kalamazoo
  • Velcura Therapeutics, Inc., Ann Arbor

Many of the companies recognized would not have been able to successfully commercialize their technology without investment from venture capital and angel investors.Those honored in this category include:

  • Hal Davis, Blue Gull Network, Dexter
  • Frank Hennessey, Hennessey Capital, Taylor
  • TGap Ventures, Kalamazoo

Two additional awards were given to honor the support of Michigan’s entrepreneurial community.A company and individual were chosen to receive awards in this category to recognize their guidance and support of many of Michigan’s thriving start-up companies.These awardees were:

  • David Parsigian of Miller, Canfield, Paddock and Stone, Ann Arbor
  • McKinsey & Company, Detroit

Thus far, 52 companies and individuals have received honors for their contributions to Michigan’s entrepreneurial success at the Michigan Investment and Commercialization Celebration.This is the third year the ceremony has been held.

The Michigan Economic Development Corporation, a partnership between the state and local communities, promotes smart economic growth by developing strategies and providing services to create and retain good jobs and a high quality of life.