Announcements

Guilde Launches An App To Simplify Contracting Bids
Announcements, Software

Guilde Launches An App To Simplify Contracting Bids

Detroit’s Donavan Wright was a residential real estate investor in several locations he had lived across the U.S., which he used “to help my community,” he says. He wanted to democratize access to real estate to compensate for a legacy in many areas of the U.S. that pushed minorities out of home ownership and made home ownership challenging on many fronts, from loan access to learning how to get a fair bid to renovate a property. “I realized how difficult that is,” he says. “There aren’t a lot of tools.” He had an idea. There is a gap in access to information about how to get fair bids on home renovation projects, especially for people who have been traditionally shut out of home ownership. How could an app solve that?

Guilde Launches An App To Simplify Contracting Bids
Announcements, Software

Guilde Launches An App To Simplify Contracting Bids

Detroit’s Donavan Wright was a residential real estate investor in several locations he had lived across the U.S., which he used “to help my community,” he says. He wanted to democratize access to real estate to compensate for a legacy in many areas of the U.S. that pushed minorities out of home ownership and made home ownership challenging on many fronts, from loan access to learning how to get a fair bid to renovate a property. “I realized how difficult that is,” he says. “There aren’t a lot of tools.” He had an idea. There is a gap in access to information about how to get fair bids on home renovation projects, especially for people who have been traditionally shut out of home ownership. How could an app solve that?

Clarivate To Acquire Proquest
Announcements, News

Clarivate To Acquire Proquest

London, UK, May 17, 2021—Clarivate plc (NYSE: CLVT), a global leader in providing trusted information and insights to accelerate the pace of innovation, today announced a definitive agreement to acquire ProQuest, a leading global software, data and analytics provider to academic, research and national institutions, from Cambridge Information Group, a family-owned investment firm, and other partners including Atairos, for $5.3 billion, including refinancing of ProQuest debt. The consideration for the acquisition is approximately $4.0 billion in cash and $1.3 billion of equity. The transaction, which is subject to customary closing conditions, including regulatory approvals, is expected to close during the third quarter of 2021.

Michigan Tech Events May 2021
Announcements, Tech Events

Michigan Tech Events May 2021

Nicolas Théorêt is Co-Founder and Chief Executive Officer of Centri. Each year, propane distributors waste over $1.5B on unnecessary deliveries. Centri seeks to help these distributors eliminate the waste in their delivery operations by offering them a simple IoT solution, the CentriConnect platform. Centri’s solution helps propane distributors minimize their delivery costs, optimize their operations, and grow their customer base. The technology has been in the beta testing phase with a propane distributor since March 2020 and the company is preparing the business for a commercial launch in the coming months.

Michigan Midwest Startup Report (MVCA)
Announcements, Funding, News

Michigan Midwest Startup Report (MVCA)

The 2021 MVCA Research Report has just been released, with more details available than our recent interview with Executive Director Ara Topouzian. The 2021 MVCA Research Report shows that 88 Michigan startups received more than $257 million in venture capital investment in 2020. The report estimates that an additional $1.2 billion of venture capital will be required to adequately fund the growth of Michigan’s 165 startup companies in the next two years.

TC NewTech Lineup For March 2nd Pitch Night
Announcements, Tech Events

TC NewTech Lineup For March 2nd Pitch Night

That’s right, it’s already been another month of Blursdays, so it’s already time for another Traverse City Pitch Night with TCNewTech. Pitch Night is virtual again, so check out the end of this post for login info for the free event that starts at 6 pm tonight. Here’s the lineup of the latest startups coming out of northern Michigan.

20Fathoms Announces Virtual HealthSpark Digital and Telehealth Startup Accelerator (Deadline)
Announcements, Medical Tech, Networking

20Fathoms Announces Virtual HealthSpark Digital and Telehealth Startup Accelerator (Deadline)

Traverse City’s 20Fathoms just announced its new HealthSpark Accelerator for digital and telehealth startups, to be held virtually starting April 12, 2021, running through June 30. Preference is given to Michigan companies, but the cohort is not restricted to Michigan only so the virtual format means this could be a great opportunity for a startup from any location. “HealthSpark is a 12-week high-intensity program,” 20Fathoms Executive Director Lauren Bigelow tells Cronicle. “We have pulled experts from across the country who are both leaders and practitioners,” she says, so that startup founders gain experience and can network with leaders in their space who know what it is to build a digital or telehealth startup on the ground.

Pitch Your Michigan Mobility Startup @ SXSW, Venture Summit, TC Sessions, & TechStars
Announcements, Mobility Tech, News, Tech Events

Pitch Your Michigan Mobility Startup @ SXSW, Venture Summit, TC Sessions, & TechStars

Have a new startup in mobility, sustainable energy, or tech that you would like to pitch? Ann Arbor SPARK has just announced a number of opportunities for startups, particularly in the mobility space, to get their name out and find funding. Here are some new announcements of opportunities for Michigan startups from Komal Doshi, Director of Mobility Programs at Ann Arbor SPARK, Ann Arbor’s premier business support organization for tech startups.

GM Aims For All-Electric Vehicles and Zero Emissions by 2035, Rivian Raises $2.65 Billion
Advanced Manufacturing, Announcements, Mobility Tech, Sustainable Energy

GM Aims For All-Electric Vehicles and Zero Emissions by 2035, Rivian Raises $2.65 Billion

Combining a shift to electric vehicles over the next decades and paying to offset emissions, General Motors announced yesterday a plan to finally put internal combustion engines and their climate-altering pollution in the rearview within 2 decades. Historically, GM is not known for quick corporate change or for prioritizing the planet over shareholder value, but the writing has been on the wall now for over a decade between government regulations and urgent climate change priorities shifting how consumers aim to purchase next vehicles. GM has worked for a number of years to retrofit older vehicle designs with hybrid and electric options, and recently put nearly all of its R&D budget into designing electric vehicles from the ground up, signaling a serious commitment to EVs. Currently, electric vehicle sales are in the single digits percentage-wise of vehicles sold, but rising quickly as more practical options become available and rapid charging becomes viable for the average consumer.

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