The Michigan Economic Development Corporation (MEDC), established in 1999, is a public-private partnership agency based in Lansing, Michigan. It is dedicated to fostering economic growth and job creation across the state. The MEDC achieves this by offering a range of business assistance services and capital programs, including business attraction and acceleration, entrepreneurship support, talent enhancement initiatives, and urban and community development projects. Additionally, it promotes tourism, film, and digital media industries, as well as arts and cultural affairs, through various incentives and grants. The MEDC works with businesses, entrepreneurs, and communities both locally and globally to strengthen Michigan's economy.
Chief Executive and Economic Competitiveness Officer, President and Chairman of Michigan Strategic Fund
Past deals in Midwestern US
HTC Global Services
Grant in 2024
HTC Global Services is a prominent provider of Information Technology and Business Process Services, established in 1990 and headquartered in Troy, Michigan. With over 28 years of experience, HTC serves various sectors, including Automotive, Banking, Government, Healthcare, and Education. The company, recognized as an Inc. 500 Hall of Fame and SEI CMM Level 5 organization, employs more than 11,000 skilled professionals. HTC offers a wide range of services, including Application Development and Maintenance, Staff Augmentation, Application Re-engineering, Enterprise Application Integration, Mobility, Testing, and Business Intelligence. Additionally, HTC has expanded its capabilities through acquisitions, including CareTech Solutions in 2014 and Ciber Global LLC in 2017. The company serves clients across North America, Europe, the Middle East, and Asia Pacific.
SkySpecs
Grant in 2024
SkySpecs, Inc. is a technology company based in Ann Arbor, Michigan, with an additional office in Amsterdam, Netherlands, that specializes in automating operations and maintenance for the wind energy industry through unmanned aerial vehicles. Founded in 2012, the company provides a range of services including analytics, wind turbine blade services, and engineering projects. Its offerings also encompass collaborative software solutions for managing and analyzing data from various sources, as well as digitization and planning for repair campaigns. Notably, SkySpecs has developed Horizon, a reporting software that serves as a central repository for operations and maintenance data related to wind turbine blades, facilitating task management, communication with third parties, and execution of large-scale repair projects. By leveraging its industry expertise and innovative technologies, SkySpecs aims to enhance productivity and efficiency for its clients within the renewable energy sector.
ORB Aerospace
Grant in 2024
Orb Aerospace, founded in 2017 and headquartered in Lowell, Michigan, is a manufacturing company dedicated to developing an innovative electric aircraft aimed at transforming the aviation sector. The company's aircraft is designed to address challenges posed by natural disasters and conflicts, featuring redundant propulsion and flight-critical systems for enhanced safety. It employs a combination of propulsion methods to facilitate both vertical and horizontal flight, and its modular wings can be tailored for specific missions and applications, ensuring maximum utility for clients. Through its advancements, Orb Aerospace seeks to contribute to safer and more efficient aerial solutions.
Modal Motors
Grant in 2024
We are Modal Motors, and we are raising for our Seed Round funding. We are a Michigan corporation spun-out from Veolectra, Inc. and have a patent-pending advanced electric motor technology that is ready for commercialization for e-Mobility applications, and we need funding to launch the prototyping phase for our early customers. Our patent-pending electric motor technology is unique and harvests all of the magnetic flux developed inside the electric motor enabling us to achieve the highest torque density and average efficiency direct drive motor on the market. Our motors will have the highest full speed range efficiency due to the fact that our motors do not require back irons for the magnets and are yokeless, which are the source of the highest losses for our competitors’ electric motors. Our motors can even be made without permanent magnets and can utilize aluminum coil windings instead of copper. Our motors are designed for manufacturing in the USA with low capital costs and low to no touch labor making them the most cost-effective solution for our customers and the mobility market. The modular and scalable architecture enables fully automated cell-based manufacturing that is also scalable as volumes and motor sizes increase. Our motor technology has been developed over the past 12 years with numerous prototypes designed, built and tested to bring us to the technological state that we are in today.
Noble Gas Systems
Grant in 2024
Noble Gas Systems LLC, established in 2017 and headquartered in Novi, Michigan, specializes in the development of innovative gas storage and delivery systems tailored for the chemical and gas industries. The company employs conformable tank technology to provide safe and flexible solutions for storing and delivering various compressed gases, including natural gas, air, oxygen, hydrogen, and nitrogen. Noble Gas Systems aims to enable clients to store and utilize high-pressure gases in an economical manner, catering to the diverse needs of its clients in this sector.
Highland Copper Company
Grant in 2024
Highland Copper Company Inc. is a Canadian mineral exploration and development company focused on advancing copper projects in the Upper Peninsula of Michigan, United States. The company primarily targets sediment-hosted copper deposits and holds several key assets, including the 100%-owned and permitted Copperwood project, the White Pine North project, and the UPX Properties, which encompass approximately 448,000 acres of mineral-rich land. Highland also has the option to acquire a 65% interest in the Keweenaw Project. The Copper Range District, known for its historical production of over 15 billion pounds of copper, provides a strategic location for Highland's operations. With a strong geological foundation, Highland Copper Company aims to develop a pipeline of projects that leverage the area's mineral potential. The company was previously known as Highland Resources Inc. before its renaming in October 2012 and is headquartered in Longueuil, Canada.
Ann Arbor SPARK
Grant in 2023
Ann Arbor SPARK is a non-profit organization based in Ann Arbor, Michigan, dedicated to supporting business growth and innovation in the region. Founded in 1982, it offers a range of services that include business accelerator programs, entrepreneur boot camps, and comprehensive business planning resources. The organization assists companies with market research, business model development, intellectual property validation, and financial analysis to enhance their funding prospects. Additionally, Ann Arbor SPARK provides access to office space, equipment, and workforce development resources, as well as tax-exempt financing options for manufacturing facilities. It serves a diverse array of sectors, including life sciences, automotive research, alternative energies, and information technology, while also fostering connections with local universities and offering educational opportunities to promote business excellence.
Invest Detroit
Grant in 2023
Invest Detroit, established in 1995, is a Detroit-based real estate lending firm that provides debt financing to small and middle-market companies. Its venture capital arm, Invest Detroit Ventures, founded in 2010, invests in early-stage, IP-based technology companies across various sectors, with a focus on Michigan-based businesses. Both entities aim to foster a robust entrepreneurial ecosystem by offering capital, mentorship, and community engagement, with a commitment to supporting minority, immigrant, and women entrepreneurs.
Biosciences Research and Commercialization Center
Grant in 2023
Biosciences Research and Commercialization Center (BRCC) is a venture capital firm based in Kalamazoo, Michigan, established in 2003 by the Michigan Legislature and affiliated with Western Michigan University. It focuses on funding startups in the life sciences sector, specifically targeting pharmaceuticals, medical devices, and diagnostics. The BRCC aims to support companies with a significant presence in Michigan, particularly those linked to Southwest Michigan. With investments typically ranging from $25,000 to $250,000, the center provides essential startup and gap funding to entrepreneurs and scientists as they transition their innovations into the commercialization phase. Drawing on Kalamazoo's rich history in the pharmaceutical industry, the BRCC is well-positioned to leverage local scientific talent and expertise, contributing to a dynamic entrepreneurial ecosystem in the region.
Payload
Grant in 2023
Payload is a headless content management system (CMS) founded in 2018 and headquartered in Michigan. The platform is built using TypeScript, Node, React, and MongoDB, providing developers with a robust tool for creating and managing content across various applications, including websites and native apps. Payload distinguishes itself with advanced data security features, allowing for access control at both the document and field levels. Its dynamic field types, such as Arrays and Blocks, along with specialized fields like Relationship and GeoJSON, facilitate flexible data modeling. The platform also offers comprehensive documentation services, design capabilities, and output customization, which enhance the development process by saving time and effort for engineers.
Niowave
Grant in 2023
Niowave Inc. is a Lansing, Michigan-based company founded in 2005 that specializes in the research, development, and manufacture of superconducting particle accelerators and their components. The company produces a range of products, including niobium cavities, superconducting magnets, accelerator systems, and cryomodules, among others. Niowave is notable for its innovative use of superconducting electron linear accelerators for medical radioisotope production, which offers a simpler and more cost-effective alternative to traditional nuclear reactors. This technology not only streamlines operations but also eliminates the need for weapons-grade uranium, thus enhancing safety in medical applications. The company is a recognized leader in the field, contributing to advancements that aid medical professionals in cancer treatment and other critical health applications.
Ferris State University
Grant in 2023
Ferris Research is an analyst firm that specializes in email, serving as the initial archive for the Museum of Email and Digital Communications. Founded in 1991, it contributes to the understanding and preservation of digital communication history. The firm focuses on providing insights and analysis related to email practices and trends, catering to various stakeholders in the digital communication landscape. Through its research, Ferris Research aims to enhance knowledge and promote effective communication strategies in an increasingly digital world.
Workhorse Group
Grant in 2022
Workhorse Group is an American technology company based in Loveland, Ohio, specializing in the design and manufacture of battery-electric vehicles and aircraft. Founded in 2007, the company produces medium-duty trucks under the Workhorse brand and develops cloud-based telematics systems for fleet operators to enhance energy and route efficiency. Additionally, Workhorse Group offers the HorseFly delivery drone system, an octocopter-based UAV integrated with electric delivery trucks for efficient last-mile deliveries. The company's approach involves using automotive-grade parts and proprietary control software to build its battery-electric power trains.
Zero Tolerance
Grant in 2022
Zero Tolerance is a plastic injection mold machine shop located in Clinton Township, Michigan. The company specializes in a range of services, including mold design, injection molding, sinker EDM burning, 5-axis machining, CNC machining, and 3D printing. By offering these diverse capabilities, Zero Tolerance provides comprehensive solutions to meet the needs of its customers in the molding industry.
Prestige Stamping
Grant in 2022
Prestige Stamping, Inc. is a manufacturer based in Warren, Michigan, specializing in washers and small stampings for various industrial and commercial applications. Established in 1967, the company processes a range of materials, including aluminum, brass, bronze, copper, low and high carbon steels, and stainless steel, with thicknesses from .020" to .375". Prestige Stamping offers a variety of heat treatment processes such as case hardening, carbonitride, and bright annealing, along with multiple plating finishes including zinc, nickel, and anodizing. Additional services include micro finishes, grinding, tapping, and reaming, catering to clients in sectors like automotive, construction, and agriculture. The company also provides an online ordering option for its products.
IFMetalworks
Grant in 2022
IFMetalworks is a manufacturing and design company that offers architectural and ornamental metals, aerospace tooling, and military vehicle components. IFMetalworks is headquartered in Roseville, Michigan and was founded in 2002.
Southwest Detroit Business Association
Grant in 2022
Southwest Detroit Business Association (SDBA) fosters innovation, drive, and commitment. It works with investors, entrepreneurs, customers, and neighbors to capitalize on Southwest Detroit’s competitive advantage. It supports the community’s vision for a healthy, vibrant neighborhood.
Keweenaw Coffee Works
Grant in 2022
Keweenaw Coffee Works is a social enterprise that offers high-quality small-batch specialty coffee across the Midwest, while proudly celebrating the natural and cultural beauty of our home in the Keweenaw Peninsula.
Downtown Lansing
Grant in 2022
Downtown Lansing is committed to promoting the culture and sustainability of the downtown district. As a community connector and solution creator dedicated to balancing the needs of residents, businesses, and visitors to build a stronger future where Downtown Lansing is known for culture, opportunities, and activities at all hours of the day.
Tecumseh Bread and Pastry
Grant in 2022
Tecumseh Bread & Pastry is a Bread & Pastry shop in Lenawee county, being the first of its kind to offer hand-crafted from scratch croissants, fresh milled & locally grown flour in all products, and delicious crusty sourdough bread without the use of commercial yeast.
Elderly Instruments
Grant in 2022
Elderly Instruments is a musical instrument retailer in Lansing, Michigan, United States, with a reputation as a "megastore", a repair shop, and a locus for folk music including bluegrass and "twang".
Gardiner's Jewelry
Grant in 2022
Gardiner's Jewelry is a full-service Jewelry store in Roscommon Michigan. It has a selection of gold, silver, and rock Jewelry.
READ Association of Saginaw County
Grant in 2022
READ Association of Saginaw County is a 501(c)(3) organization whose mission is to help students improve their reading skills and discover the joys of reading.
Old Town Commercial Association
Grant in 2022
Old Town Commercial Association is a non-profit organization dedicated to the revitalization of Lansing’s Old Town through socioeconomic development, historic preservation, business recruitment and community outreach.
Bonnie Lucille Hair Studio
Grant in 2022
Bonnie Lucille Hair Studio is an upscale salon in the heart of small-town Laingsburg, Michigan. With experienced stylists, hair will be in great hands. It offers the latest in haircuts, color, hair treatments, and more - for all hair types.
Crest Marine
Grant in 2021
Crest Marine, LLC, established in 1957, is a manufacturer of pontoon boats and other watercraft, including houseboats and commercial models. The company is headquartered in Owosso, Michigan, and employs approximately 309 individuals at its facility. Crest Marine produces a diverse range of boat models, typically ranging from 20 to 25 feet in length, including popular lines such as Savanna, Continental, Caribbean, Caliber, Classic, and Crest. As of October 1, 2018, Crest Marine operates as a subsidiary of MasterCraft Boat Company, LLC.
Centrepolis Accelerator
Grant in 2021
Centrepolis Accelerator is an organization based in Southfield, Michigan, dedicated to fostering the growth of advanced manufacturing and innovative hardware entrepreneurs. Established in 2018, it focuses on supporting small manufacturers by providing resources and guidance to enhance their development and competitiveness. Through its accelerator programs, Centrepolis aims to nurture emerging businesses in the manufacturing sector, helping them to innovate and thrive in a rapidly evolving industry landscape.
Automation Alley
Grant in 2018
Automation Alley is a nonprofit technology and manufacturing business association based in Michigan, dedicated to fostering economic growth in Southeast Michigan. The organization connects industry, academia, and government to stimulate innovation and support entrepreneurship. It focuses on various sectors including technology, talent development, defense, and international business, providing essential resources and actionable intelligence to its members. Automation Alley offers networking opportunities, meeting spaces, and public relations tools to facilitate collaboration and growth. Through its initiatives, the organization aims to empower members to thrive in the digital age and contribute to the regional economy.
Applied Dynamics International
Grant in 2017
Applied Dynamics International is a computer software company that provides systems engineering software and integrated systems. Applied Dynamics' flagship software product, the ADvantage Framework, is used to build powerful, multi-processor, distributed real-time simulation facilities with off-the-shelf computer equipment such as PCs and I/O boards. Applied Dynamics is a privately held firm based in Ann Arbor, Michigan, with staff located at various locations throughout the United States, offices in Derbyshire, UK, and resellers throughout the world.
Duo Security
Grant in 2016
Duo Security, Inc. is a provider of cloud-based access security and multi-factor authentication solutions aimed at protecting organizations from data breaches and unauthorized access. The company offers a suite of services, including multi-factor authentication, passwordless access, and single sign-on, which enable users to securely verify their identities before accessing corporate applications. Additionally, Duo Security provides tools for adaptive authentication, policy enforcement, and unified endpoint visibility, allowing organizations to track and manage user devices through a centralized dashboard. Its clientele spans various sectors, including education, government, healthcare, finance, retail, and technology. Founded in 2009 and headquartered in Ann Arbor, Michigan, Duo Security also has offices in California, Texas, and the United Kingdom, operating as a subsidiary of Cisco Systems, Inc.
RetroSense Therapeutics
Series A in 2015
RetroSense Therapeutics is a biotechnology company developing life-enhancing gene therapies designed to restore vision in patients suffering from blindness due to retinitis pigmentosa (RP) and advanced dry age-related macular degeneration (advanced dry-AMD). There are currently no FDA approved drugs to improve or restore vision in patients with these retinal degenerative conditions. The company's approach to using optogenetics in vision restoration is based on pioneering, proprietary research conducted at Wayne State University and Massachusetts General Hospital. Founded in 2009, RetroSense Therapeutics is headquartered in Ann Arbor, Michigan.
Ann Arbor SPARK
Grant in 2014
Ann Arbor SPARK is a non-profit organization based in Ann Arbor, Michigan, dedicated to supporting business growth and innovation in the region. Founded in 1982, it offers a range of services that include business accelerator programs, entrepreneur boot camps, and comprehensive business planning resources. The organization assists companies with market research, business model development, intellectual property validation, and financial analysis to enhance their funding prospects. Additionally, Ann Arbor SPARK provides access to office space, equipment, and workforce development resources, as well as tax-exempt financing options for manufacturing facilities. It serves a diverse array of sectors, including life sciences, automotive research, alternative energies, and information technology, while also fostering connections with local universities and offering educational opportunities to promote business excellence.
Algal Scientific
Series A in 2014
Algal Scientific Corporation, founded in 2009 and based in Plymouth, Michigan, specializes in developing and selling algae-based products and technologies for the animal health, human nutrition, and wastewater treatment industries. The company produces Algamune, a beta glucan derived from algae, which enhances the immune health of various livestock and aquatic species, and AlgaGLUCAN, a similar product aimed at human nutraceuticals and functional foods. Additionally, Algal Scientific offers the Hypertrophic wastewater treatment system, designed for the food and beverage sector, which effectively treats dissolved organics, nitrogen, and phosphorus while generating a natural fertilizer co-product. With a focus on sustainable practices, Algal Scientific serves both domestic and international markets, contributing to advancements in health and environmental conservation.
Current Motor
Series A in 2011
Current Motor Company is based in Ann Arbor, Michigan, and specializes in the development and manufacture of electric motor scooters aimed at urban commuters. The company produces all-electric maxi-scooters that are designed to be fast, fun, and affordable, offering zero-emission transportation solutions. These maxi-scooters can reach speeds of up to 70 MPH and have a range of up to 50 miles, charging conveniently from a standard 110V outlet in approximately five hours. Current Motor sells and services its products through a network of dealers and has formed a strategic partnership with Dakkota Integrated Systems. The company is supported by various investors, including BELLE Capital and the State of Michigan.
Advanced Photonix
Post in 2010
Advanced Photonix, Inc. specializes in the development and manufacturing of optoelectronic devices, offering a range of products such as high-speed optical receivers, photodiodes, and Terahertz systems. The company serves various original equipment manufacturers (OEMs) across multiple industries, including telecommunications, military, medical, and industrial sectors. Advanced Photonix supports its customers throughout the product lifecycle, from initial concept and design to testing and full-scale production. Its product offerings include packaged photodiodes with advanced technologies, custom optoelectronic subsystems, and Terahertz instrumentation, which are utilized in applications like optical communication, scientific instrumentation, and real-time measurement of physical properties. The company has manufacturing facilities in Camarillo, California, and Ann Arbor, Michigan, and markets its products through a network of technical sales engineers, resellers, and distributors. Founded in 1988 and headquartered in Ann Arbor, Michigan, Advanced Photonix operates as a subsidiary of Luna Innovations Incorporated.
Vestaron
Series B in 2009
Vestaron Corporation specializes in the development, manufacture, and sale of peptide-based biologic crop protection products. Founded in 2005 and headquartered in Durham, North Carolina, with a research and development center in Kalamazoo, Michigan, Vestaron offers a range of bioinsecticides including Spear-T, Spear-Lep, and Leprotec, which target various pests in vegetables, fruits, and field crops. The company aims to enhance crop safety, efficacy, and sustainability by providing biopesticides that address resistance issues while ensuring safety for workers and the environment. Vestaron has received notable accolades for its innovative solutions, including the Bernard Blum Award and the Green Chemistry Challenge Award, recognizing its commitment to environmental stewardship and effective crop protection.
Black Tech Saturdays
Black Tech Saturdays is an organization dedicated to supporting Black tech entrepreneurs in Detroit. It focuses on community wealth building by creating a platform that facilitates knowledge sharing and skill development. The organization organizes events, workshops, and programs aimed at enhancing networking opportunities and fostering professional growth within the technology sector. By encouraging the exchange of ideas and building meaningful relationships, Black Tech Saturdays aims to create inclusive opportunities for individuals in the tech field, thereby strengthening the local entrepreneurial ecosystem.
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