Investments
5Portfolio Exits
1About Michigan Small Business & Technology Development Center
The Michigan Emerging Technologies Fund (the ETF) is designed to expand funding opportunities for Michigan technology based companies in the federal innovation research and development arena. Since 2008, the Michigan Small Business and Technology Development Center (MI-SBTDC) in partnership with the Michigan Economic Development Corporation (MEDC) has dedicated $7.28 million to match federal SBIR/STTR funding opportunities for exceptional research and technical innovation generated in Michigan. The ETF will match both Phase I and Phase II SBIR/STTR awards until funds are exhausted.
Michigan Small Business & Technology Development Center Headquarter Location
Michigan,
United States
Michigan Small Business & Technology Development Center Investments
5 Investments
Michigan Small Business & Technology Development Center has made 5 investments. Their latest investment was in Advaita Bioinformatics as part of their Grant - III on September 9, 2014.
Michigan Small Business & Technology Development Center Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
9/19/2014 | Grant - III | Advaita Bioinformatics | $0.25M | Yes | 1 | |
9/30/2013 | Seed | |||||
4/11/2012 | Grant | |||||
6/10/2011 | Grant - II | |||||
6/17/2010 | Grant - III |
Date | 9/19/2014 | 9/30/2013 | 4/11/2012 | 6/10/2011 | 6/17/2010 |
|---|---|---|---|---|---|
Round | Grant - III | Seed | Grant | Grant - II | Grant - III |
Company | Advaita Bioinformatics | ||||
Amount | $0.25M | ||||
New? | Yes | ||||
Co-Investors | |||||
Sources | 1 |
Michigan Small Business & Technology Development Center Portfolio Exits
1 Portfolio Exit
Michigan Small Business & Technology Development Center has 1 portfolio exit. Their latest portfolio exit was Tetra Therapeutics on May 26, 2020.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
5/26/2020 | Acquired | 1 |
Date | 5/26/2020 |
|---|---|
Exit | Acquired |
Companies | |
Valuation | |
Acquirer | |
Sources | 1 |
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