Tag Archives: Startups

StockX Closes $6M Funding Round

DETROIT – StockX, the online consumer “stock market of things,” announced that it has closed a $6 million round of funding from several celebrity investors, including actor Mark Wahlberg, rappers Eminem and Wale, music manager Paul Rosenberg, former AOL executives Ted Leonsis and Steve Case, singer-songwriter Tim Armstrong, talent manager Scooter Braun, fashion designer Jon Buscemi, and others.

Additional investors include Courtside Ventures, a media and technology venture fund, and  Detroit Venture Partners, both backed in part by Quicken Loans founder and downtown Detroit investor Dan Gilbert.

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Leaders and Innovators event at LTU Feb. 16, ‘Starting a Business’

SOUTHFIELD, Mich. – If you’re ready to start a business, an event Thursday, Feb. 16 at Lawrence Technological University will help you figure out how.

LTU is hosting the next WWJ Newsradio 950 “Leaders and Innovators” breakfast session Feb. 16 on the topic “Starting a Business: Entrepreneurism.” The event begins with networking and a continental breakfast at 7:30 a.m. The discussion and a question-and-answer session runs from 8 to 9 a.m.

This event will feature expert advice on the steps would-be entrepreneurs need to take to get their businesses up and running. Attendees will find out what resources are available to new companies in the Detroit area.

The event is hosted by WWJ Business Editor Murray Feldman. Panelists are to include Jack Aronson, founder of Clean Planet Foods and Garden Fresh Gourmet, and Karen Evans, director of LTU’s Detroit Center for Design + Technology Business Accelerator.

To register, visit https://www.eventbrite.com/e/leaders-innovators-series-starting-a-businessentrepreneurism-21617-tickets-26907144995. The event is free.

Future Leaders and Innovators events include “Social Media and the Small Business” on Thursday, March 16, and “Work-Life Balance” on Thursday, April 13.

Lawrence Technological University, http://www.ltu.edu, is a private university founded in 1932 that offers more than 100 programs through the doctoral level in its Colleges of Architecture and Design, Arts and Sciences, Engineering, and Management. PayScale lists Lawrence Tech among the nation’s top 100 universities for the salaries of its graduates, and U.S. News and World Report lists it in the top tier of best Midwestern universities. Students benefit from small class sizes and a real-world, hands-on, “theory and practice” education with an emphasis on leadership. Activities on Lawrence Tech’s 107-acre campus include more than 60 student organizations and NAIA varsity sports.

ACE ’17 Coming Jan. 26

SOUTHFIELD — The Annual Collaboration for Entrepreneurship 2017, better known as ACE ’17, will be held Jan. 26 at the Westin Southfield hotel.

ACE celebrates and promotes entrepreneurship in the Great Lakes region by bringing together entrepreneurs, service providers, investors, students, government agents, and other members of the business community to network, learn, and connect.

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New Email Management Technology From Ann Arbor Startup

ANN ARBOR — A new company called Notion AI Inc. has launched with $9.5 million in capital, promising a better way to manage the deluge of email faced by many office workers today.

The company’s funding was led by the Columbus, Ohio-based venture firm Drive Capital and Palo Alto, Calif.-based Accel Partners, with participation from Chicago-based Hyde Park Venture Partners and Silicon Valley Bank.

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Ford, Techstars Pick 12 Mobility Startups

DEARBORN — Ford Motor Co. and the startup accelerator Techstars have announced their newest class of startup companies that will work this summer from offices at Ford Field in Detroit on new mobility products and services.

The 2016 cohort was selected from nearly 500 applications from 52 countries from every continent except Antarctica. Applications were up 27 percent from last year.

The 12 companies will participate in a three-month mentorship program, accelerating their businesses and partnerships across the automotive industry, and receive $120,000 in funding.

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Southfield Firm Offers Accounting Software Free To Startups

SOUTHFIELD — Southfield-based Gravity Software has announced that startup organizations can now use Gravity 2016 for free if they have a Microsoft CRM software package already in place.

Gravity’s CRM accounting software is built in the cloud on the Microsoft Dynamics CRM platform. Startups can benefit by having their financial functionss and CRM fully integrated on one platform.

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UM VC Event Announces Presenting Companies

ANN ARBOR — Organizers of the 25th annual Michigan Growth Capital Symposium have announced the 36 companies that will be presenting at the event.

The companies are early stage and growth companies seeking funding in life sciences, IT and technology.

Hosted by the University of Michigan’s Zell Lurie Institute for Entrepreneurial Studies, with support from the Michigan Venture Capital Association, this year’s symposium will be held May 17-18 at the Marriott Eagle Crest Resort in Ypsilanti.

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RetroSense Doses First Patient In Test Of Blindness Drug

ANN ARBOR —  The pharmaceutical startup RetroSense Therapeutics LLC Monday announced the first patient in a Phase I/IIa clinical trial of its lead drug candidate, RST-001.

The drug is designed to restore some vision to patients with retinitis pigmentosa, a genetic condition that leads to the progressive degeneration of photoreceptors in the back of the eye informally called rods and cones, resulting in severe vision loss and blindness.

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A Stock Market For Sneakers? It Launched Today

DETROIT — Detroit’s Dan Gilbert is one of the founders of a new venture that calls itself a “stock market of things.”

StockX will allow users to buy and sell valuable limited-edition products with all the visibility of the stock market. In other words, you’ll know exactly what those collectibles are worth on a day to day basis. Buyers and sellers will remain anonymous, but the price won’t.

And believe it or not, StockX is starting its markets with athletic shoes — or, as the company said in a press release, the “secondary sneaker space.”

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Ford Showcases Wide Variety Of Tech Efforts At CES

LAS VEGAS — Ford Motor Co. kicked off CES 2016, the world’s largest technology trade show, by announcing a tripling of its fleet of Fusion Hybrid autonomous research vehicles, further financial support for automotive technology startups, research into vehicle integration with smart home systems, and a research effort with a drone manufacturer.

Ford CEO Mark Fields also held the first automotive news conference of CES 2016 on press day at Mandalay Bay, and said the Dearborn automaker would continue to transform itself from a car company to a “mobility company” with “more emphasis on the transportation services sector.”

The reason, Fields said, is that it “makes tremendous business sense.” He said the global auto business has revenue of about $2.3 trillion a year, of which Ford has about a 6 percent share. But the transportation services — buses, taxis, ride sharing — has additional revenue of $5.4 trillion a year, in which Ford gets virtually nothing. He said this market is a great opportunity for Ford.

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