Significant Financial Event– After Invest Michigan has invested, either: 1) a Series A financing; 2) attracted a strategic investor; 3) has become net income positive; or 4) has been acquired.

Invest Michigan is a non-profit funded by the Michigan Strategic Fund. As fund manager for the Michigan Pre-Seed Fund II, Invest Michigan invests in early-stage high tech businesses located in Michigan. Since 2014, Invest Michigan has been Michigan's most active technology investor.

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Our Funds

ACTIVE

The Michigan Pre-Seed Fund supports pre-seed and seed-stage technology companies through multiple investment financings.

FULLY INVESTED

The University Commercialization Fund invested in 14 early stage technology start-ups that originated from within universities in the state of Michigan.

Recent News

Upper Peninsula aerospace company recognized for satellite thruster manufacturing

Noelle Riley / January 7, 2020

This is an article about portfolio company, Orbion.

An aerospace company in the Upper Peninsula gained statewide recognition for its satellites last month.

Orbion is a space technology company based in Houghton that builds thrusters to move satellites around in space. 

In November, the Michigan Venture Capital Association named Orbion the 2019 Up and Coming Company of the year.

The award comes on the heels of Orbion recently raising nearly $10 million in funding to further expand its business. 

Orbion’s CEO Brad King expects a huge increase in the number of thrusters the commercial space market will need in years to come.

“For the past  50 years or so, if you count up all the satellites

FDA 510(K) CLEARANCE FOR SHOULDER INNOVATIONS’ INSET PLUS

Elizabeth Hofheinz, M.P.H., M.Ed. / January 7, 2020

This is an article about portfolio company, Shoulder Innovations.

Holland, Michigan-based Shoulder Innovations, LLC has received FDA clearance for its InSet Plus™augmented glenoids for the InSet™Total Shoulder System.

The system, says the company, is “used to treat significant disability in degenerative, rheumatoid and traumatic disease of the glenohumeral joint and avascular necrosis of the humeral head. The InSet™System includes patented inset glenoid technology, originally innovated by Stephen Gunther, M.D. The new InSet Plus™ glenoids feature an angled articular surface and are available in both 5° and 10° variants with multiple diameters.”

Don Running, vice president, Research and Development for Shoulder Innovations explained, “The key to the long-term clinical success of the InSet™glenoid has been both the unique flat back design and novel bone pocket created in the fossa to allow for a secure fixation that is ‘set in’ the subchondral bone.”

View source version on ryortho.com: https://ryortho.com/breaking/fda-510k-clearance-for-shoulder-innovations-inset-plus/

SkySpecs - Leader in Wind Energy Operations & Maintenance Solutions - Raises a $17 Million Series C Round Led by McRock Capital Corporation

January 7, 2020

This is a press release about portfolio company, SkySpecs.

ANN ARBOR, Mich., Dec. 20, 2019 /PRNewswire/ -- SkySpecs, leading provider of Operations & Maintenance solutions for the wind energy industry, today announced that it's closed a $17 million series C round. The Ann Arbor-based company experienced a heavy-growth year, tripling its staff, significantly building out its solutions offerings for the wind energy industry, and reaching a landmark 30,000 fully autonomous inspections. SkySpecs set its sights on using technology like AI, machine learning, robotics, and software, to optimize operations & maintenance in order to enable better decision making about repairs and proactive planning. Their mission is to continue driving change in the renewable energy sector such that technology and automation enable higher levels of global accessibility.

The round was  led by McRock iNFund LP, an Industrial Internet of Things (IIoT) venture capital fund managed by McRock Capital.  Other new investors in the round included Equinor Energy Ventures, and

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