SOUTHFIELD — Detroit is the latest major city to establish an Internet Exchange Point, bringing faster speeds, more bandwidth and lower costs for internet service providers across the state.
HOUGHTON — The Applied Portfolio Management Program team from Michigan Technological University has repeated as global investment champions at the Global Asset Management Education (GAME) Forum V, hosted by Quinnipiac University in New York.
The team from MTU’s School of Business and Economics bested a field that attracted more than 1,200 students from 140 colleges in 40 countries and 39 states.
PLYMOUTH — The biotech startup Algal Scientific Corp. said Tuesday it had closed a $7 million Series B financing round to continue its develpment of algae-based chemicals and technologies to the food and beverage industry.
The investment is being led by Formation 8, a venture capital firm based in Palo Alto, Calif., with additional participation from Evonik Industries, a specialty chemical firm based in Essen, Germany, and Independence Equity Management LLC, an early stage venture capital firm based in Northbrook, Ill. All three firms were returning investors.
The latest round of funding brings the total amount raised by the company to over $10 million.
Algal Scientific was founded in 2009 to develop new agricultural products to solve societal problems — including the massive overuse of antibiotics in the world’s food supply. The company has created Algamune, the world’s first beta glucan commercially produced from algae. Beta glucan can be introduced into the diets of livestock and poultry to naturally support the animals’ immune systems without relying on antibiotics.
LANSING — The Michigan Department of Environmental Quality Tuesday awarded nearly $300,000 in grants to universities, local governments and nonprofit organizations to monitor the quality of Michigan’s waters.
TROY — The Troy engineering technology firm Altair Monday announced the opening of the Feko Student Competition.
The competition is open to all undergraduate and post-graduate students who work on a supervised project in the area of electromagnetic engineering and make use of Feko, Altair’s electromagnetic analysis software, included in its HyperWorks computer-aided engineering suite.
LANSING — Michigan.org had a long run as the nation’s No. 1 travel and tourism website.
Now, the Michigan Strategic Fund and the Michigan Economic Development Corp. are looking for a refresh.
State officials Monday announced they have issued a request for proposals for a complete rebuild of the official Travel Michigan website, Michigan.org.
DETROIT — Given the chance to be software designers, 100 middle school students at the Ford STEAM Lab Hackathon invented a range of mobile applications to make learning easier, from catching up on missed assignments, to studying math and music through gaming – all the while earning $42,500 in awards and scholarships.
The two-day event that wrapped up Saturday challenged students from five middle schools in the Detroit area to learn the basics of software coding, and then produce an application to help them in school.
LANSING — The Michigan Department of Envionmental Quality Monday announced a $572,750 loan to the city of Auburn Hills for environmental cleanup at a vacant property at the corner of Auburn and Squirrel roads.
The cleanup will allow the development of the contaminated 1.3-acre property into the Edge Lofts, a mixed use development that will include residential and retail space.
EAST LANSING — A business plan competition modeled a bit on the TV show “Shark Tank” is returning to Michigan State University Tuesday.
The GreenLight Business Model Competition brings together entrepreneurs and small businses supporters from all over Michigan.
Participants pitch their new business ideas to a panel of expert judges for a chance at winning up to $50,000 in prizes.
TROY — The application of simulation-driven design and optimization to vehicles on land, under the seas, in the air and orbiting the earth will provide the major focal point for keynote speakers at the 2015 Americas Altair Technology Conference in Dearborn May 5-7.
The event will include engineering professionals in product design, advanced manufacturing, applied physics, and high-performance computing. Hundreds of researchers and engineers from across North America, as well as presenters and attendees from Mexico and Brazil, will participate in three days of presentations and workshops at the Ford Conference and Event Center.