A continuing problem in an emerging tech and startup hub like southeast Michigan is lagging funding, but many venture capital firms spread resources farther than regional focus and invest in ventures when they’re already producing revenue. That’s not when most ventures need the most help. Invest Detroit, or ID Ventures, is a venture capital team that provides investment to startup companies in the Detroit and greater Michigan region in the seed stage. We hear a lot at Cronicle Press that VCs often don’t like to restrict their investments too regionally, which further dilutes access to limited capital in the Great Lakes area, but ID Ventures focuses on Detroit and is the company behind the launch of successful Detroit startups Bloomscape, and northern Michigan’s Orbion, and Airspace Link.
Thank you to everyone who has interviewed with Cronicle Press Tech News over the last 9 months since our launch out of Ann Arbor. We’re now putting together a series on growing tech industries around the broader Great Lakes region. If you have a growing tech company, incubator you’re getting started, or new fund to announce, we want to hear from you, and we want to hear the story of your community.
It’s 2020, and as part of Cronicle’s expansion across the unique and natural resource-rich Great Lakes region, we will be covering more technology that helps address climate change. If you have a tech company or tech-enabled startup that is helping to address climate change, please contact the editor to be featured on Cronicle Press Tech News in the coming months.
Happy New Year, everyone! We are excited to kick off this new year with expanding interviews and test drives with the coolest new tech coming out of Michigan, but we need your help. Cronicle Press Tech News is supported through sponsorships of various kinds, and now you can become an individual or corporate Patron as well to help fund the work we are doing to cover the historic growth of tech in the Great Lakes area.
When Cronicle Press Tech News launched out of Ann Arbor in April of this year, our goal was to talk to every tech company in town we could by the end of 2019. Since we knew that probably wasn’t possible with more startups launching every month, the benchmark was to at least interview 100. It’s only September, and we’ve already passed that 100 interview milestone, thanks to the generosity of people like you reading this now. Thank you for letting us in to your startups and your incubators and labs and your amazing meetups and conferences. To dig in to your search platforms and co-working models and your natural language processing. We are deeply grateful to be a part of highlighting the great work you’re doing to elevate tech globally and in the Great Lakes region, where the balanced lifestyle and reviving communities are contributing to a renaissance of new tech.
November 19th, 2019, at the State Savings Bank in Detroit, Invest Detroit will be holding their 10th annual Accelerate Michigan Innovation Competition for tech-based startups. According to Invest Detroit, AMIC, which is a program run by ID Ventures, “is a pitch competition that supports Michigan’s entrepreneurial ecosystem by offering entrepreneurs the opportunity to showcase their companies to investors while building connections with entrepreneurs, business acceleration resources, and experts in their sector during carefully curated individual meetings.”
Ann Arbor-based supply chain software development consultancy Llamasoft yesterday announced an expansion that will bring another 70 jobs to the company’s Ann Arbor headquarters, paired with a $10.7 million expansion. Job listings are already on the company’s website, including positions in machine learning, development, customer service, marketing, legal, and sales.
When Alison Todak, the managing director of the new Cahoots coworking space for tech workers in downtown Ann Arbor, offered us a tour through the new office while they finish renovations, we thought we would compare and contrast with other coworking spaces around town. There is no comparison. All coworking spaces in Ann Arbor are…
“Five years ago we kept hearing from people, ‘We give Spark funding to have this high-tech culture in Ann Arbor, and we don’t see any of these businesses,” says Jenn Cornell Queen, VP of Marketing at business incubator Ann Arbor Spark. “For instance, AR startup Spellbound graduated to a space above Arbor Brewing, but you…