The Michigan Economic Development Corporation (MEDC) today announced that it has awarded approximately $571,000 in grants from the Michigan Growth Capital Fund to accelerate technology commercialization in the state. Seven companies and organizations will benefit from grants ranging from $32,000 to $100,000.
“These grants will be used to create and market new technology products in Michigan,” said Doug Rothwell, president and CEO of the Michigan Economic Development Corporation.“With the addition of federal matching funds for these projects, we will be giving a significant boost to the state’s small business technology commercialization efforts.”
The Michigan Growth Capital Fund was created last year from a one-time, $5 million legislative appropriation to encourage private and public investment in Michigan’s technology business sectors.
Each project also has received federal funds that match the Michigan Growth Capital Fund grant on at least a dollar for dollar basis
A total of eight projects were chosen for funding from 16 proposals submitted to the MEDC. The projects and contact information are as follows:
· T/J Technologies (Ann Arbor): Awarded $100,000 to develop an ultra capacitor for hybrid power supply and portable electronics market. Company contact: Maria Thompson, president, 734-213-1637.
· Small Business Development Centers of Michigan (Grand Rapids): Awarded $100,000 to promote technology-based economic development. Organization contact: Carol Lopucki, executive director, 616-336-7480.
· GMI Composites (Muskegon): Awarded $100,000 for development and commercialization of structural components from recycled fiber reinforced composites. Company contact: John Unser, engineering manager, 231-755-1611.
· American Systems Technology, Inc. (Troy): Awarded $69,936 to develop microelectromechanical systems –based sensing devices to test fluids and gases in military vehicles. Company contact: Joseph Huang, CEO, 248-362-4100.
· Mid Michigan Research (Okemos): Awarded $69,937 to develop an analysis tool for measuring losses in piston engine efficiency. Company contact: Harold Schock, founder and president, 517-347-3091.
· Sordal Incorporated (Holland): Awarded $50,000 to commercialize a foam insulation material “Solorex” for life sciences applications. Company contact: Dale Danver, chairman and CEO, 616-996-6000.
· Sordal Incorporated (Holland): Awarded $50,000 to commercialize Solorex for naval and maritime applications. Company contact: Dale Danver, chairman and CEO, 616-996-6000.
· Small Business Association of Michigan (Lansing): Awarded $32,000 to promote technology transfer and commercialization. Organization contact: Mark Clevey, vice president, 517-482-8788.
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.
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