Accio Energy, Inc.
Alternative Energy
Accio Energy, Inc. is an Ann Arbor, Michigan-based early-stage renewable energy company led by experienced and successful previously venture-backed executives. The company is developing unique “turbine-less” wind energy generation technology to deliver clean, sustainable energy to people around the globe. The company’s proprietary Aerovoltaic™ systems generate electricity using wind and a charged water mist. Accio Energy’s world class engineering team is the first ever to design, test, and repeatedly demonstrate meaningful net positive energy with multiple prototypes that incorporate a patent-pending electric field management design breakthrough. Accio has developed the first ever comprehensive 3-D multi-physics model of system potential; going beyond the largely analytical approaches of other researchers. The company has proved its technical concept and has a path to scale the technology into a commercially powerful game-changer. With the ability to improve on key turbine weaknesses, Accio is developing highly manufacturable modules that win on both features and costs for onshore and offshore distributed and utility-scale installations closer to population centers. As a manufacturer of Aerovoltaic™ wind energy generation systems, Accio Energy will leverage the sophisticated automotive supply chain infrastructure in Michigan to deploy wind energy systems globally that will disrupt the entire wind energy supply chain cost structure. Accio’s attractive and game-changing systems will overcome wind turbine objections by being as silent, stationary, and modular as solar panels, and more cost effective than wind turbines in its target markets.
Advanced Battery Concepts, LLC
Alternative Energy
Advanced Battery Concepts, LLC (ABC), has invented GreenSeal® technology, an electrode that revolutionizes battery design. GreenSeal® dramatically improves the performance and functionality of large-format, rechargeable batteries. The Company has built hundreds of batteries, clearly demonstrating that lead-acid batteries built with GreenSeal® products store twice energy, have up to 10 times the power, and are anticipated to last four times longer than conventional lead-acid batteries. Yet, they have lower material and production costs. The GreenSeal® electrodes are chemistry agnostic, allowing the company to quickly move to other chemistries including lead carbon version of the battery for Smart Grid applications followed by a metal air version for use in transportation applications. The introduction of patent pending GreenSeal® technology in the lead-acid battery market will generate significant cost and weight advantages. In addition, flexibility in packaging combined with weight savings and the ability to build high voltage batteries will enable new applications to become feasible for lead-acid batteries. The applications will include smart grid, solar and wind backup power, electrification of vehicles and other motive application such as electric wheel chairs, e-bikes, golf cart, mining cars, floor scrubbers and medical carts. ABC has proven the technology and is starting its commercialization.
Advanced Cooling Therapy, LLC
Medical Devices
Advanced Cooling Therapy is developing innovative devices to solve the critical problems healthcare providers face in controlling patient temperature. ACT’s novel, patent-pending biomedical devices provide a revolutionary approach to induce mild therapeutic hypothermia, maintain normothermia, and reduce fever in patients after cardiac arrest, during surgery, and in the intensive care unit. ACT’s approach is safer, more effective, and easier-to-use than existing methods, while doubling patient survival at less than half the cost of competitors. ACT’s disposable, high-margin medical devices replace the standard nasogastric tube (maintaining access to the stomach for important diagnostic and therapeutic purposes), attach to existing external heat exchangers, and can be placed by nurses or emergency medical technicians at the point-of-care. The U.S. market for temperature management is comprised of 5,000 hospitals treating up to 1 million cardiac arrest patients, 3 million ICU patients, and 10 million surgery patients annually, supporting over a $1 billion annual market, growing at more than 15% per year. Founded in 2009, ACT has strategically partnered with the Michigan Medical Device Accelerator in Kalamazoo to leverage the region’s talent and medical device expertise, with an impact of up to 50 jobs created in Michigan in the first five years.
Algal Scientific Corporation
Products and Services
Wastewater treatment plants release “allowable” levels of nutrients including nitrogen and phosphorus, into natural waterways and coastal zones. These discharges in the US cost society $4.3B annually due to the impairment of fishing, recreation, and public health. The EPA and states are now imposing stricter new regulations on over 180,000 municipal and industrial facilities, mandating investments in new plants and treatment processes to assure pollution-free water discharge. Algal Scientific designs, builds, sells, owns and operates algae-based wastewater treatment systems. In comparison to existing bacteria based technologies, its Hypertrophic™ treatment system costs less, performs better, and is environmentally superior. It recovers nutrients in the algal biomass, which will be sold as fertilizer, animal feed, and potentially high value nutraceuticals. The founding team has scientific and business experience: executive leadership in entrepreneurial companies and private and public ventures; scientific experience with algae, water processing systems and chemical processing; and industrial experience managing wastewater treatment plants processing millions of gallons of water each day. Algal Scientific was founded in 2009 after winning the DTE Clean Energy Prize, and is headquartered at the Michigan Life Science and Innovation Center.
ApoLife, Inc.
Life Science
ApoLife, Inc. is a privately held, revenue stage biotechnology company which has developed a proprietary yeast production platform. The yeast platform has been validated to produce antibodies, antibody fusion proteins and proteins that are difficult to produce in other expression systems. For Biotechs and Pharmas ApoLife’s yeast platform has potential to shorten the discovery phase for antibodies by 30%, reduce the manufacturing capital costs by 50% of the current method and produce antibodies with better therapeutic effect. The business model of the company is to license the platform to biopharma and pharma companies for an upfront fee and royalties and develop its own proprietary products. ApoLife has licensed the proprietary yeast strains and vectors to several large pharma and also demonstrated in house production of anti-cancer fusion proteins as well as cardiovascular proteins for customers. The market for biologics and biosimilars is the fastest growing segment with over $41B in worldwide sales in 2010. ApoLife’s team includes a leading biopharma licensing expert and experienced scientific team. Successful exits by other antibody platform companies such as GlycoFi (acquired. by Merck for $400M) or Crucell (acquired by JnJ for $2.1B), demonstrate the market value of ApoLife’s yeast proprietary platform technology.
Applied Engineering Technologies, Inc.
Products and Services
Applied Engineering Technologies, Inc. (AET), founded in 2004 by Dr. Saad Ghalib, is a professional engineering firm based in Ann Arbor, Michigan. AET provides technical support for the marketing of an innovative technology that eliminates untreated Combined Sewer Overflows (CSO), as mandated by the U.S. Environmental Protection Agency (EPA). Known as “Treatment Shaft Technology”, this patented design received the prestigious EPA PISCES Award in 2006 (Performance and Innovation in the State Revolving Fund — Creating Environmental Success). In addition, it received Michigan’s “Going Green Award” from Corp! Magazine in 2011. Treatment Shaft Technology provides complete capture of the required CSO design storm volume, plus skimming, settling, disinfection and screening of any overflows. The concept is based on a vertical storage tank that is very compact, which minimizes land space requirements. Treatment Shafts can save 25–50% on construction costs compared to tunnels and other traditional CSO control alternatives. In Dearborn, Michigan, this technology has saved approximately $100 million. Two major projects using Treatment Shafts have been put into operation and a third will be completed in 2011. Treatment Shafts have been proven to meet the requirements of the owner, as well as state and federal regulatory agencies.
2011 TiE Winner
ArborWind
Alternative Energy
ArborWind will commercialize its recently patented vertical axis wind turbine technology and dominate the small and then the medium wind turbine market which is estimated to reach $ 11.8 Billion by 2013 in North America alone. ArborWind’s superior design developed by team of experienced automotive engineers is easy to manufacture, install and maintain resulting in energy production costs of 9 cents /kWh based on initial physical testing and computer simulations. ArborWind vertical axis wind turbines are omni-directional which results in over 20% improvement in wind energy conversion as compared to the mainstream horizontal axis wind turbines on the market. Furthermore, blade design and manufacturing has been optimized to achieve 50 year life. Five Beta customers have signed up to purchase the first product (35 kW turbine PT100) as their calculated ROI ranges from 16% to 28% based on current utility rates at their locations. The PT100 is a stand alone product which will supply grid quality electricity to the end customer. ArborWind customers will make significant profit by utilizing it’s product and not have to worry about escalating alternative utility and fossil fuel energy costs.
are you a human
Information Technology
Are You a Human is a Detroit based web startup that uses games for human verification online. Our games replace the distorted text images used today, known as CAPTCHAs, that users are asked to transcribe before creating an account or posting to a forum. By being simple, intuitive, and more secure our game solves the three main pains associated with CAPTCHAs: awful user experience, poor security, and reduced conversions. Our games, called PlayThrus, are quick 5–10 second challenges that are easy engaging and intuitive for users to complete. PlayThrus require dynamic interaction and instruction comprehension. This makes it very difficult for computers but easy for humans. Once a user completes a game we analyze their behavior and score the humanness of the interaction. PlayThru also offers a unique opportunity for advertisers to interact with consumers in a format where they are fully engaged. We will allow advertisers to take advantage of this space by developing branded games, which will allow us to offer our service free to website operators. Websites that do not want to have external advertising on their sites have the ability to create their own unique games.
ArtJen Conplexus
Products and Services
The world is faced with the twin epidemics of obesity and type 2 diabetes. None of the existing treatments are effective; ArtJen has developed an effective and scalable solution. For the price of a cup of coffee a day we offer an easy to use, naturally occurring dietary fiber in tablet form that removes 500 calories a day or about a 1–1½ pounds of body weight per week; without changes to lifestyle or unwanted side effects. In addition Mirafit fbcx increases insulin sensitivity and improves the glycemic index and significantly lowers total and LDL (bad) cholesterol and triglyceride levels in individuals suffering from elevated levels of blood fats. ArtJen Complexus is a spinoff out of Wayne State University, formed by Dr. Joseph Artiss, associate professor of pathology and Dr. Catherine Jen, professor and chair of nutrition and food science, the co-inventors of MiraFit. In order to commercialize the technology, ArtJen was incorporated in 2002 it sold its first tablet in 2004. ArtJen is an active participant in TechTown’s THRIVE program. Mirafit is completely developed and is currently available in about 950 retailers, including the Meijer Stores chain in the Mid-West and Rexall Drug Stores in Canada.
BioPhotonic Solutions, Inc.
Life Science
Biophotonic Solutions Incorporated (BSI) is a high-tech startup company with exclusive license to disruptive technology developed at MSU that unlocks the power of ultrafast lasers. The technology, known as MIIPS, eliminates the need for manual laser optimization, which is the key bottleneck preventing ultrafast laser from large scale penetration in a number of significant markets. MIIPS increases the efficiency of ultrafast applications by an order of magnitude by compressing pulses at least ten times shorter than previously possible. MIIPS offers extremely fast customer payback due to a reduction in operational maintenance and system complexity. For example, in biomedical applications shorter pulses lead to increased safety, and efficacy. BSI introduced three products in 2009 targeted for the R&D market, one received the highest recognition in the optics industry, the Laser Focus World Innovation Award, and another was a finalist for the Prism Award. The market has been extremely receptive to BSI’s products; sales in to the R&D market were $1M in 2010 and a 40% increase is expected for 2011. BSI is already profitable with world class technology, a talented team, and the opportunity to leverage strategic partnerships to achieve fast and sustainable growth in large markets.
Blaze Medical Devices, LLC
Medical Devices
Blaze Medical Devices is a medical device development company focusing on improving the efficacy and safety of blood transfusions. Blood units differ in properties coming from donors and these differences, amplified by unavoidable storage, result in significant and unpredictable variability in transfusion outcomes. In the absence of quality metrics based on actual cell properties, a “first-in, first-out” approach is used up to the FDA allowed 42 days in storage. Blaze is developing a novel blood analyzer device based on a proprietary approach to determining the Red Blood Cell (RBC) membrane fragility which would be the first such test capable to be used in a clinical context. This in-vitro test, will allow clinicians to establish the real-life quality of available blood thus predicting the effectiveness of blood transfusions. Blaze is developing a novel blood analyzer based on a proprietary approach to determining the RBC membrane fragility which would be the first such test capable to be used in a clinical context. This in-vitro test, will allow clinicians to establish the real-life quality of available blood thus predicting the effectiveness of blood transfusions. This technology can address the adverse reactions of RBC’s transfusions totaling over $17Billion in additional costs throughout the US healthcare system.
Blue Water Bioproducts
Advanced Materials
Blue Water Bioproducts offers cost competitive, high performance polyurethane resins manufactured from an environmentally friendly and renewable material. BWB polyurethane resins use a renewable material called lignin. Lignin is a naturally occuring polymer in plants. Lignin is the glue that holds plant fibers together, and is a byproduct of the pulp and paper industry. The global pulp and paper industry produces 50,000,000 tons of lignin per year. Currently, the inherent chemical value of lignin is squandered – it is burned for heat. The BWB proprietary and patent-pending process harnesses the chemical value of lignin. The resulting lignin-based polyurethane resins are over 90% carbon neutral, cost competive with petroleum-based polyurethane resins, and meet or exceed performance characteristics such as tensile strength, flex modulus, R-value, and compressive strength when compared to petroleum-based polyurethane resins. BWB will be offered in the domestic polyurethane resin market, which uses over 7.6 billion lbs of resin per year. Using its pilot production facility, BWB will produce a lignin polyurethane resin for the high performance specialty segment of the polyurethane industry.
Climate Technologies Co.
Alternative Energy
Climate Technologies is a 41 year old company based in Michigan providing industrial process systems with a focus on Temperature, Humidity and Air Pollution control. Walt Zimmerman is the CEO and majority stock holder, having been with the firm for 24 years and CEO for 21 years. Recently Climate Technologies has teamed with Ford Motor Company and Detroit Edison to develop and market a waste to energy technology known as Fumes to Fuel. The F2F system captures and concentrates volatile organic compounds (VOC’s) found in many industrial processes’, which can be used to generate electrical energy. The value to the industrial end users of the F2F waste to energy system is the reduction of natural gas consumption and greenhouse gas emission compared to current VOC abatement systems. The utility and greenhouse gas reductions can be as high as 90 % over current VOC abatement technologies. Currently Climate Technologies is refining Fumes to Fuel system components and developing new intellectual property for a far more capable and efficient F2F system.
Current Motor
Advanced Transportation
Current Motor fills the unmet need for practical, affordable, zero-emission electric vehicles (EVs). Current Motor develops and manufactures all-electric maxi-scooters for the Americas in Ann Arbor, Michigan. The company’s maxi-scooters use no gas, produce no emissions and create no maintenance hassles. Current Motor maxi-scooters offer top speeds over 65 MPH, a range of up to 50 miles and cost 1¢ a mile to operate, making them the best value in their EV class. They charge from a standard 110V household outlet in four to six hours. The company’s early adopter customers are EV enthusiasts and motorcyclists, committed to green transportation solutions. Current Motor maxi-scooters can be personalized with custom wraps, accessories and geo-social software applications. They are sold via ecommerce and company owned showrooms. In preparation to scale, Current Motor is in process of outsourcing its manufacturing to a leading Michigan firm. The company benefits from an experienced leadership team and offers attractive valuation and terms. BELLE Capital LP is leading Current Motor’s $2MM Series A Preferred financing with participation from State of MI PreSeed Fund & Bob Lutz. While it has IPO potential, Current Motor expects to achieve a liquidity event within 5 years via merger or acquisition.
DeNovo Sciences
Life Science
DeNovo Sciences is a Michigan based LLC located in the Michigan Life Science and Innovation Center. The company’s goal is to provide an easy to use platform for cancer research and diagnosis. Specifically, the company will sell an instrument system and reagent kit that allows for the separation, detection, and retrieval of circulating tumor cells (CTCs) from peripheral whole blood. This system is an alternative to traditionally painful and invasive biopsies. Our company provides a patent-pending product that will not only allow researchers to identify and capture rare and difficult to harvest cancer cells in a microfluidic chip, but also enable them to conduct downstream molecular analysis, which could one day lead to the holy grail of detecting cancer before the discovery of primary tumors.
ECO-Fueling
Advanced Transportation
ECO-Fueling of Saline is a Michigan LLC founded by Paul Chandler in 2009 to develop and sell a “diesel assist” product for the heavy truck market. The Eco-Fueling “diesel assist” system increases fuel economy, improves performance and reduces emissions in diesel engines by injecting atomized ethanol into the combustion chamber. The Eco-Fueling “diesel assist” system provides significant ROI to heavy truck fleet operators of all sizes. To date, Eco-Fueling has designed, built and road-tested a prototype version of the “diesel assist” system and is now working to refine engineering and software to make the system more robust for delivery to the market. Eco-Fueling has adopted a sales strategy of partnering with independent local and regional fuel distributors who serve fleets. Currently Eco-Fueling has customers with orders for over 300 systems pending. While Eco-Fueling is first targeting the heavy truck market, the “diesel assist” system will provide excellent ROI for any diesel engine installation including stationary power, rail locomotive, ocean-going ships and military applications.
EcoVElectric
Advanced Transportation
EnVironmental Transportation Solutions, LLC (EVTS) develops, markets, and will assemble EcoVElectric, an electric Superior Low Speed Vehicle (LSV) for both city based fleet managers and private users (primarily retirement communities). EVTS will support new and emerging markets for products that are safe and can save over 70% in operating costs. EcoV offers roadworthiness, affordability ($11,999), safety and versatility; all missing in today’s LSV market. EVTS is a niche company, building niche products in lower volume niche manufacturing for a niche market. EVTS is ready for commercialization with a 4th generation production prototype and 9 years of experience designing, testing and market research. EVTS is looking for alliances with others, to assemble EcoV, provide capital and services to EVTS. EVTS leverages others’, people, assets and facilities to maintain a low overhead/fixed cost structure. EVTS is offering several investment options to go forward. EVTS is different from many electric vehicle companies. With low investment needs, small breakeven volumes, a realistic marketing plan, and an experienced automotive based management team, EcoV can be in production within 9 months of funding. EVTS’s home base is in Grosse Pointe Woods, MI.
Emitech, Inc
Defense & Homeland Security
Emitech, Inc is as a small high technology company for the development of innovative concepts in the field of nanotechnology and advanced optoelectronic materials.
Our main efforts aim to transfer the latest scientific breakthroughs to state-of-the-art technologies followed by device fabrication, validation and commercialization.
Emitech is primarily focused on the application of organic nanomaterials and nanocomposites for the development of new optoelectronic (optical and conductive chemical sensors, hybrid solar cells, transparent conductive coating and electro/optomechanical composite actuators). Our R&D efforts in the field of carbon nanotube photoconductivity and hybrid photovoltaics resulted in several projects sponsored by the government. Emitech, Inc has excellent track records as reflected in its IP portfolio, publication, patents and various connections among academic and industrial communities. Currently Emitech, Inc is developing novel highly sensitive and selective optical detectors for explosive threats. This project was funded by Army SBIR Phase II /TARDEC, Waren, Michigan. As a result of this contract we have two working prototypes Mark I, handheld detector and Mark II that can be install on robotic vehicle and be controlled remotely. The funds raised will be used to complete the development of our prototypes from the current TRL-7 to the next level and start manufacturing.
ENRG Power Systems LLC
Advanced Transportation
Headquartered in Grand Rapids, Michigan – with offices in Detroit at TechTown and technology development facilities in Long Island, New York – ENRG Power Systems LLC engineers and markets an easy-to-retrofit ignition coil system that improves rear-wheel drive truck and van fuel economy, while reducing their greenhouse gas emissions. In V-8 engine applications the EPS plasma ignition system reduces fuel use (and operating costs) by 14–21%, improving the fleet operator’s bottom line and providing much of the benefit of new hybrid vehicles to the fleet’s heavier work vehicles already in service, at a much lower cost. The EPS is certified for sale in all 50 states, and is well-positioned to capitalize on and meet the country’s accelerating need to reduce greenhouse gas emissions and reduce the demand for foreign oil, all at a reasonable price. For the first time, fleet owners can afford to improve their carbon footprint while saving money at the same time, all in a package which can be retrofit to their current vehicles in about 2 ½ hours. Validated with lab and with on-road testing, initial production trials in Michigan will begin shortly.
ePack, Inc.
Next Generation Manufacturing
Micromachined sensors and other devices such as quartz oscillators (used as clocks in nearly all electronics) have many high volume, low unit cost (<$1) applications. For higher performance, high reliability, and harsh environments, these devices require vibration isolation, temperature control and/or a vacuum environment. This increases the cost ($5 to $3000), input power (>1 W) and the size of the device (1 — 1000 cm3) and acts as a barrier to entry for many applications. These applications represent a total $1.15B market opportunity and will grow with smaller, more cost effective packaging. The environment resistant package (ERP), was developed by ePack’s founders while at the University of Michigan in order to solve this problem. The ERP was developed off of over $5M in research funding from DARPA and off of over 20 years of experience in micro-device packaging research. This package provides vibration isolation, low power ovenized temperature control (at < 30 mW) and vacuum encapsulation in a cost effective package. ePack has an exclusive license on this patent pending technology and is partnering with several device manufactures for product development including: 1) an automotive supplier, 2) one of the leaders in quartz manufacturing and 3) a major defense firm.
FamilyMint, Inc.
Products and Services
FamilyMint, recipient of the 2011 Excellence in Financial Literacy Education (EIFLE) Award and the 2010 Mom’s Choice Gold Award, offers an engaging way for kids to learn financial responsibility. This online tool is easy for kids to use with colorful graphics and goal-setting tools that connect their money with real-world meaning. The application grows with the child. A kid-friendly junior view is available for younger users and a more mature interface, the same used by parents, lets older children exercise more responsibility. Parents can manage the child’s account, automating allowances, helping set goals, and even offering incentives like matched contributions and interest. FamilyMint has communities on Facebook and Twitter, is accessible by mobile device web browsers, and the application itself creates a dynamic, participatory experience. Through the FamilyMint Partner Program, FamilyMint is partnering with credit unions, banks, financial advisors, insurance companies, and other organizations that value financial education for children and their parents. FamilyMint helps these organizations connect to future influential consumers and provides effective financial education where children learn by doing.
Fusion Coolant Systems
Next Generation Manufacturing
Fusion Coolant Systems provides an advanced coolant and lubrication system for use in manufacturing. The cooling and lubrication system increases production rates and tool life. Unfortunately, today’s metalworking fluids are a toxic mix of oil, water and various chemical additives which provide poor performance at significant costs to worker health, safety and the environment. Fusion Coolant’s patented CHiP Lube system is the most significant advance in metalworking fluids in many decades. The system outperforms existing metalworking fluid systems and is proven to reduce costs while simultaneously improving worker health and eliminating a toxic waste stream. The FCS system consists of fluid management hardware, delivery system, specialized tooling and consumables. It can be provided as a retrofit to existing systems or as an OEM option on new machine tools. The superior cooling and lubricity of CHiP Lube is particularly applicable to high volume operations in aerospace and medical devices where the use of advanced alloys has had a significant negative impact on tool life and cost.
GPX Software, LLC
Information Technology
GPX Software (GPX) is a Michigan LLC founded in 2009 by Richard Goldstein and Matthew Pickus. GPX is targeting the widespread financial planning problems of the small business market (SMB). According to the US-SBA, five out of six new businesses fail in the 1st year of operations. Additionally, SMB’s have a +50% loan rejection rate from Proforma errors. Two reasons are; 1) Lack of SMB financial acumen, 2) SMB’s won’t pay accountants/consultants hourly costs equating to $3,000 to $10,000/yr. to build spreadsheets. GPX developed Xambrosius Business Intelligence Tools to solve these pervasive SMB problems. The strategy is; 1) Reduce material information errors, hardware/software costs and the time to deliver a Proforma by 80% through a cloud-based, TurboTax®–like, customizable, pre-programmed financial planning/analytics product, 2) Offer intuitive, step-by-step wizards, data-mining, dashboards, and pre-populated comparable company data, to deliver key performance indicators against comparable benchmarks, 3) Use web-based “Co-Branding” partnerships and Search Engine Optimization to position Xambrosius above the fold. GPX will become the leader in the $1 billion SMB segment of the +$10 billion business intelligence market by; 1) Building/leveraging relationships with accountants, consultants, banks, and credit unions that service the SMB market; 2)Training accountants/consultants as part of their continuing education requirements.
GreenSand
Advanced Materials
GreenSand (S-Corp; Lake Linden, Michigan) plans to recover crushed copper-containing sand (a by-product of copper mining in the Lake Superior region) as raw material for the manufacture of a variety of products. The copper remaining in the sand acts as an algaecide and is ideal as an additive in construction materials to prevent algae and mold growth. This material, marketed under the name G-Sand, can be used as surface granules on asphalt roofing shingles and as filler material in the shingles. There is currently a very large supply of the sand available. Approximately 80% of the stamp sand can be processed and used for roofing shingles, with the remainder used for various other applications and products including filler for composite wood, anti-algaecide paint pigment, products used in outdoor construction, mineral fertilizer component, bottom material for stagnant ponds, and road aggregate. A number of major producers of roofing shingles have already expressed interest in exploring the use of G-Sand in their products. The commercialization of the G-Sand material could create 80+ new jobs in the Upper Peninsula area in the near term, and over 1000 new jobs longer term when an asphalt shingle manufacturing plant is completed.
Grid Logic
Alternative Energy
Grid Logic develops and manufactures power distribution, generation and storage solutions for electric utility and military applications. The company produces advanced materials, superconducting components, and devices to address the need for next-generation electric utility equipment required for the renewable energy and smart grid solutions. Grid Logic established market advantage by leveraging breakthroughs in superconducting composite materials technology, cryogenics, device designs, and manufacturing methods. In late 2010, the began refitting a shuttered automotive stamping plant in Lapeer Michigan – an area hit particularly hard by the economic downturn – and is now nearing completion of a state-of-the-art superconducting nanocomposite manufacturing facility. A product for medium-voltage electric utility applications will be introduced in early 2012. The company is building on this technology to also introduce a novel low-cost, high-field superconducting magnet for wind turbine applications.
H3D, LLC
Defense & Homeland Security
H3D is an early-stage provider of a new breed of high-precision, easily-portable radiation detection and imaging sensors which provide the unique ability to visualize, in real time, the precise 3-dimensional location and isotopic composition of radioactive materials. These sensors are based on revolutionary gamma sensing technology developed by the company’s founders at the University of Michigan Department of Nuclear Engineering and Radiological Sciences. This technology, which is the product of over $16 million and 13 years of government-funded research, represents a significant step forward in the ability to identify nuclear materials in complex, real-world environments. Unlike other solutions, this technology can be packaged in a handheld device and operate at room temperature. As a result, H3D’s sensors give governmental agencies such as the Department of Homeland Security (DHS), the Department of Defense (DOD), and the Department of Energy (DOE), as well as local, regional, and national-level law enforcement agencies unique and significant new capabilities which help them better prevent, detect and respond to nuclear threats. With technical proof of concept and a working prototype in hand, the company’s efforts are currently focused on developing commercial prototypes and early customer development activities.
i3D Technologies Inc.
Information Technology
i3D Technologies Inc. is an early-stage software company based in Ann Arbor, Michigan that provides clean water management tools. i3D’s targeted clean water market includes wastewater collection, water distribution, treatment, storm water quality, and other water resource management systems. Municipalities spend $50 billion per year to operate and maintain water and sewer systems and deal with aging systems that frequently experience water main breaks and sewer overflows that are costly to repair and result in damage to the environment. i3D applies aerospace industry technology to clean water systems to leverage data utilities are already collecting to identify operational problems, leaks, breaks and optimize capital upgrades. With i3D’s proprietary Software-as-a-Service (SaaS) solution, H2OMetrics™, municipalities turn their assets under management into “smart” systems by providing trending, metrics and alerts from flow and pressure measurements — allowing system owners to make better decisions to save money, reduce major system failures and optimize system upgrades. i3D’s solutions have been used to date by over 30 municipalities around the Country, and i3D has been selected by Oakland County, Michigan to perform a pilot of H2OMetrics for use on 400 facilities.
InfiChem Polymers, LLC
Advance Materials
InfiChem Polymers, LLC (“the Company”) was formed in 2009 to commercialize its proprietary chemical process for recycling of polyurethane scrap destined for landfills into InfiGreenTM line of polyol products that are used in production on new polyurethanes. Worldwide the Company is first to the market with this innovative technology. In today’s market, businesses are seeking to reduce their carbon footprint, improve their “green image,” and cut cost. In response, InfiGreenTM polyols are competitively priced, environmentally friendly materials that are exceptionally well received in the marketplace. From its demonstration facility, the Company has already implemented closed-loop recycling of polyurethane scrap with Magna International, and the resulting InfiGreenTM polyols are used in production of seat cushions for Jeep Grand Cherokee and Dodge Durango. For its efforts the Company has received Chrysler’s 2010 Environmental Achievement Award and 2010 Environmental Innovation Award from the Society of Plastics Engineers. The company plans to significantly expand its production capabilities to meet the growing demand for its technology. NAFTA gross sales are projected to expand rapidly from 1 million pounds (lbs) in 2011 to 50 million lbs in 2016. Expansion to Europe, Asia, and South America is expected to push sales to 200 million lbs by 2016.
2010 GLEQ Winner
InPore Technologies, Inc.
Advanced Material
The mission of InPore Technologies, Inc., is to become the world’s leading provider of mesoporous silicate materials, trade-named Silapore™, for applications as diverse as polymer additives, personal care products, and delivery agents for the controlled release of various substances, to name but a few. The first market for our products is as a flame retardant (FR) additive for polymers. We are focusing on this $4.3B per annum opportunity as there is a global effort to replace the current, market-leading FR additives with non-halogenated compounds. Silapore particles address this market need due to their attributes which include FR efficiency, mechanical property reinforcement, environmental compatibility, and being a drop-in replacement for existing FR additives. To date, InPore Technologies has entered into NDAs and/or provided engineering samples to two dozen domestic and foreign companies with annual revenue in the range of US$100M-US$25B+. In addition, the Company has signed a LOI with a Fortune 100 company, the purpose of which is a “collaboration to produce, sell, and market Silapore™ particles globally”.
LLamasoft
Products and Services
LLamasoft is a global leader in Supply Chain Design and Predictive Analytics technology and solution services. Global companies now realize that in a global economy with volatile market conditions and rapidly changing customer demand, the winner will have the best supply chain design. LLamasoft’s software application, Supply Chain Guru®, is used by engineers and analysts in many of the world’s leading companies to design competitive supply chains by evaluating trade-offs between cost, service, sustainability, and risk. The tool incorporates numerous analysis techniques including network optimization, inventory optimization, transportation route design, cost-to-serve optimization, and enterprise simulation into a single platform for optimizing end-to-end global supply chains. The LLamasoft management team brings together expertise in software engineering, product management, professional services, and business development. The team has demonstrated the capability of scaling the organization for delivery of high quality software solutions within Global 1000 companies. Since 2004, LLamasoft’s customer base and revenues have grown each year at an average rate of over 65%. Software license and annual maintenance contracts make up over 60% of these annual revenues.
The Mackinac Technology Company
Advanced Materials
The Mackinac Technology Company was founded in 2007 by John Slagter. The sole purpose of the company is to develop and commercialize energy saving thermal insulation products. Mackinac’s core asset is its cooperative working relationships with an international group of corporate, university and non-profit research organizations. The Mackinac Technology Company is developing transformative technologies that will provide substantial energy savings with products that can be purchased and installed at affordable costs. Mr. Slagter has more than 30 years experience managing construction and manufacturing business operations and he has had considerable experience managing a variety of technology research and development projects which were ultimately brought to successful commercialization.
Metro Ag Services
Alternative Energy
Metro Ag Services Inc. is a biofuel feedstock company which delivers high quality, non-food, affordable inputs for biodiesel. The biodiesel industry is mandated to deliver 1 billion gallons of biodiesel fuel in 2012. The U.S. consumes 60 billion gallons of petroleum diesel annually. The missing link in the biodiesel industry is the availability of affordable feedstock oils which have cold weather performance comparable to petroleum diesel. Metro Ag will fill this gap by owning and operate an oilseed “crushing operation” as well as providing low maintenance mustard seed crops for farmers wishing to farm “marginal” lands and those looking for an over Winter crop which can fit between food crop rotations. Metro Ag Services consists of private sector PhD. scientists, biofuel and petroleum market specialists and experienced operations managers who have been working in conjunction with MSU and multiple farmers to grow cold weather performing oilseed crops and prove out manufacturing operations. Our technology and our team will place Metro Ag Services in a unique position which will allow us to generate operating margins in excess of 30% throughout our value chain and allow for continued significant growth to meet the existing mandates and further penetrate the petroleum diesel market.
nanoRETE
Defense and Homeland Security
nanoRETE, Inc. is a Michigan-based company that provides real-time detection of pathogens using customized nanoparticle biosensors. The Company has developed a platform that has the ability to test for numerous pathogens (anthrax, E. Coli, salmonella, tuberculosis, etc.) using a simple-to-use handheld device which generates screening results in about one hour. Currently, biohazards cannot be “field tested” because ‘germs’ must be cultured and developed in a lab, after the fact. nanoRETE’s solution, called X-MARKTM can test for multiple pathogens in the field, in real-time, representing a significant leap forward in technology. The product has been developed in response to specific military requirements for food safety/security: fast, accurate, sensitive, simple, mobile, and inexpensive. The first user of the technology is the United States military which has a critical need to protect their food sources. nanoRETE’s solution is a platform technology which means that it can test for multiple pathogens at one time – at roughly 1/10 the cost of the current methods used. The company has a broad patent estate, developed at Michigan State University covering both product and process. The management group has deep industry experience as well as extensive program management and product development. The TAM is projected to be $2.5B; revenue projections demonstrate $53MM in gross revenues by 2015, with an EBITDA of roughly $14MM.
NextCAT
Alternative Energy
Enabling the next generation of biodiesel; we reduce the cost of producing biodiesel by over $1.00 per gallon. NextCAT is commercializing a portfolio of patented heterogeneous catalysts for biodiesel production that will enable cost efficient processing of significantly lower priced feedstock like residual corn oil and waste vegetable oil. This catalyst technology is licensed from the National Biofuels Energy Lab (NBEL) at Wayne State University. Charles Salley, an experienced serial entrepreneur, has joined the team as President, CEO to establish the collaborations to enable our strategic partner strategy. Regulations (RFS2) and environmental concerns are increasing the demand for biodiesel fuels but current production processes are not cost competitive because the commonly used feedstocks are too expensive. The value proposition we offer to customers is the ability to re-start an existing biodiesel facility that has been idled due to both high cost feedstock and inefficient production processes. We are currently completing pilot scale testing with a biodiesel process equipment partner and expect to install a larger demonstration scale at their facility early in 2012. Our business model is based on a recurring revenue model where users are charged a usage fee of $0.125 per gallon of biodiesel produced.
NEXTGEN Metabolomics Inc.
Life Science
NextGen Metabolomics, Inc. (NEXTGEN) was founded by highly qualified & experienced individuals with over 50 years of successful startup and executive experience in the Life Science and Metabolomics industries. Cholesterol, glucose and a few biochemicals are currently measured to give an indication of the health of an individual. However, humans produce some 1800 of these metabolites. Why then is it that more of these are not measured to get an entire accurate health status? Because measuring metabolites is difficult to do! To accurately measure biochemical (metabolite) changes in an organism, there is agreement that the science of metabolomics is the best solution. NEXTGEN has developed proprietary disruptive technology and products which allow faster and more concise measurements of the effects of disease (diagnostics), toxins (toxicology), drugs (pharmaceutical, bioprocess), and food (agriculture, nutrition) on any living organism and will become the foundation upon which these multi-billion dollar markets will be built. NEXTGEN is conducting 2 pilot studies and is in licensing discussions with 2 additional industry groups. Products are expected to be on the market by Q3 2012 and gross revenues are expected to exceed $50M by 2015. NEXTGEN is seeking financing of $1.5M for product development, and out-licensing efforts.
North Coast Industrial Imaging
Next Generation Manufacturing
North Coast Industrial Imaging (NCII) is a Michigan-based start-up company that has focused on providing imaging services to businesses and industrial concerns in the Great Lakes Region. With offices in Port Huron, NCII began by selling thermal imaging cameras from manufacturers such as Fluke, and has expanded to also provide services such as thermal studies, thermal imaging software and training, and image processing applications for metal recyclers. NCII was formed in October 2007 and currently has 3 full-time employees and 2 part-time employees. The NCII management team consists of experienced sales, engineering, and operations personnel who have worked together previously. NCII is an active participant in the Port Huron Innovation Center, and is also a member of Automation Alley.
While working with our diverse customer based – which includes the Big Three automobile manufacturers, a major recycler in Louis Padnos Iron & Metal Company, and several other Michigan companies – NCII developed an awareness of the importance of both employee safety and energy management. We have spent much of the past year developing a product that will both protect maintenance employees from dangerous situations as well as assist organizations in optimizing the use of electrical energy.
Nutriinfo
Products and Services
Nutriinfo.com is owned by Minu Interactive, Inc., based in Novi, Michigan. To help individuals lose weight and manage their health in a scientifically valid, yet simple and convenient way, the My Nutriinfo program was launched in 2007 after 2 years of development. My Nutriinfo is an innovative online tool designed to help individuals lose weight and take control of their health through self-monitoring, individualized advice, support, and dynamic interaction. Its unique interface tools give health coaches a streamlined way to monitor their clients’ progress, measure results, and provide extra support. This helps clients sustain their effort and achieve long-lasting results, and increases the number of clients a coach can serve. Our team includes experts in nutrition, technology, and pioneers in health promotion. Mia Jang, Ph.D., founder and CEO, is the architect of the technology and chief nutrition expert. Our advisory board members, Dr. Michael O’Donnell, Ted Dacko, and Michael Samuelson, have 100 years of combined experience in clinical, workplace, and commercial wellness settings. We are dedicated to providing innovative tools to improve the efficiency and profitability of our client companies and the health of their individuals.
OcuSciences, Inc.
Medical Device
OcuSciences, Inc. is a product-stage medical diagnostic device company commercializing a rapid, non-invasive test for early detection of retinal disease. OcuSciences has developed a proprietary, ocular imaging technique, Retinal Metabolic AnalysisTM (RMA), as a non-invasive, rapid biomarker for measuring the damage to retinal tissue due to diabetes, macular degeneration and glaucoma. The RMA technology provides a means to detect disease processes several years earlier than current clinical methods and before irreversible structural alterations due to cell death become visible in the retina. OcuSciences has demonstrated that RMA is more predictive of diabetes than the gold standard HbA1C and provides a functional metabolic map of the retina for patients with severe AMD to measure the progression of damage. This metabolic health biomaker, used in cellular assays and clinical trials, helps pharmaceutical companies develop more rapidly and precisely ophthalmic drugs. Physicians can use the device to screen patients. Optometrist and ophthalmologists can use the device to diagnose and monitor disease progression and guide therapy. With 57M diabetics in the US today and a rapidly growing epidemic, the screening for diabetic retinopathy and early treatment can help prevent blindness in 24,000 patients annually and reduce the $174B costs associated with diabetes.
ONL Therapeutics
Life Science
ONL Therapeutics is a pre-clinical stage ophthalmic development company focused on therapeutics to prevent vision loss due to retinal disorders. It will develop therapeutics that protect neural cells (photoreceptors) that transmit light signals from the eye to the brain thus preserving vision. This approach is novel and complements existing therapeutic and surgical treatments for age-related macular degeneration, diabetic retinopathy, and retinal detachment, the target indications for ONL’s lead product ONL101, a 12-amino acid peptide to be injected directly into the eye. ONL’s technology platform is invented by Dr. David Zacks, Associate Professor for Ophthalmology and Visual Sciences at the University of Michigan’s Kellogg Eye Center. ONL has secured an exclusive option to patents and applications protecting relevant methods and compounds. ONL plans to develop its product candidates to human proof of concept by 2014 whereupon it will partner them with a major pharmaceutical company for further clinical studies and commercialization. ONL has verified the interest of such large company partners in its technical approach. ONL plans to fund most of its preclinical development activities through government grants, through National Eye Institute and Department of Defense and to complement these funding sources with angel financing.
ParkingCarma, Inc.
Advanced Transportation
ParkingCarma’s Online Parking Network (OPN) is a managed software as a service (SaaS) that enables parking management companies, real estate owners, and parkers to connect and improve the parking experience. The Online Parking Network serves as an information-and-transaction intermediary, establishing usage and price terms that lead to favorable and repetitive parking events at the facilities registered on the network. Parking in urban areas is a frustrating experience for drivers and exacts a high cost for cities coping with vehicle emissions and congested traffic. Drivers, Connected Vehicle Manufacturers, Parking Management Companies, Municipalities, and Businesses struggle with the lack of good information without an efficient way to connect the driver with parking supply. The convergence of ubiquitous network capabilities, cloud computing, mobile technologies, and in-vehicle navigation systems brings a unprecedented opportunity to change the way the parking facilities and drivers connect. In the process, ParkingCarma’s OPN allows a shift in the relationship between parking management and parker: from an anonymous parker to an identifiable customer and from a mere parking lot to a preferred parking provider. Through these connections ParkingCarma is able to apply to any parking situation and improve the parking experience.
Phrixus Pharmaceuticals, Inc.
Life Science
Phrixus Pharmaceuticals, Inc., a clinical-stage specialty pharmaceutical company, is developing Carmeseal™ to treat cardiac dysfunction and dilated cardiomyopathy (DCM) in patients with Duchenne muscular dystrophy (DMD) and acute decompensated HF (ADHF). Phrixus has shown that Carmeseal, generically known as Poloxamer-188 (P-188), is active in 4 different in vivo models predictive of human efficacy, including the mdx mouse and the GRMD dog models (both for DMD) and rat and dog models of ischemic HF. Phrixus is leveraging extensive previous investments made by others in this compound. Previous work includes safety in >2,500 subjects at 10-100x the doses planned for the Phrixus Phase 2a trials, for which FDA has already allowed an IND. Phrixus seeks a $7–11 million Series A to perform these clinical validation studies in DMD and stable heart failure. These studies should produce results, a significant value inflection, and corporate partnering within 18–24 months from funding.
Practical EHR Solutions, LLC
Information Technology
Practical EHR Solutions, LLC (Pehr) is a service provider and developer of software that enables physicians to increase their productivity and profitability. Pehr’s software products are designed to educate and guide the 2,000,000 potential physician practice users through the implementation of 47 critical projects that are fueled by constantly changing healthcare regulations and the increasing technical requirements for compliance. Three of the projects address the urgent need for Electronic Health Record (EHR) implementations. Through 2014, the government is providing financial incentives to physicians who fully implement EHR systems. In 2015, the government will begin reducing payments to physicians who are not fully using an EHR, but with 700+ certified EHR products to choose from and a 50% implementation failure rate, physicians need help. Pehr’s practical and proven implementation methodology allows physicians to achieve a positive return on their EHR investments. A large knowledge gap exists between physician practices and technology vendors. Practice employees do not understand complex technology or project management and rarely have adequate staffing resources available for projects. Product vendors and IT consultants do not understand how practices and physicians work. This gap is filled by using Pehr’s knowledge-based software products or by contracting with Pehr’s healthcare experts.
Retia Medical
Medical Device
Retia Medical makes monitors for high-risk patients. Retia’s first product monitors cardiac output, a critical health metric that describes the flow rate of blood pumped by the heart. By tracking changes in cardiac output, clinicians can make earlier diagnoses and manage patients better. This approach leads to improved outcomes and lower costs for patients with conditions such as hemorrhage, heart failure, and sepsis. Among less-invasive devices, Retia’s monitor maintains its accuracy when the patient goes unstable, which is when other devices fail. This key benefit makes it ideal for use in emergency rooms, ICUs, operating rooms, and the home. Retia will target its first product for the $800 million hospital market. Retia has protected its technology, developed at Michigan State and MIT, with seven patents. It has also validated the technology through extensive tests in animals and humans. Retia has already raised seed capital to finance product development and further clinical studies. With the support of a strong advisory board comprised of industry and clinical experts, the team expects to receive FDA approval and launch the product within three years. Retia will also seek to exit via acquisition, as it will be an attractive target for leading patient monitoring companies.
RetroSense Therapeutics
Life Science
RetroSense Therapeutics is a biotechnology company that is developing a gene therapy 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 therapies to improve or restore vision in patients with these retinal degenerative conditions. Led by a team of seasoned veterans, RetroSense Therapeutics was founded in 2009 to develop a novel gene therapy approach to vision restoration. RetroSense is located in Ann Arbor, Michigan, a short drive from Wayne State University, where the approach was pioneered. RetroSense has secured exclusive, worldwide rights to relevant intellectual property from Wayne State University and Salus University. RetroSense’s management team has commercial and scientific experience across all phases of drug development, as well as startup success. The Company operates virtually in order to secure top industry talent for its diverse, specialized needs in an efficient and effective manner. RetroSense is an agile company with a culture of flexibility, determination, and innovative thinking.
SenSigma
Next Generation Manufacturing
SenSigma LLC, launched from the UM Center for Laser Aided Manufacturing, has developed a platform technology for optical and spectrophotometric identification. With many potential commercial uses, the first market ready product is a software driven Artificial Intelligence feedback system for weld monitoring. It uses optical emission spectroscopy to enable improved weld quality and increased in-line, no-defect product throughput, in the multi-billion dollar industrial laser and plasma arc welding processes. This Smart Optical Monitoring System (SOMS), installed on a new or already in-service welding robot, observes in real-time the plasma generated during the welding operation. By performing a multi-spectrum analysis, it identifies and categorizes different types of defects, and then essentially “teaches” the host welding equipment to improve its process and thus correct and avoid the previously observed defects and create better welds. SOMS also provides for reduced manufacturing cycle time, scrap rates, manual intervention and inspection. SenSigma has one issued patent, two filed applications, and several other new product IP opportunities in the pipeline. The SOMS technology, installed in a second generation prototype, is currently being evaluated by potential large customers with whom we have a strong and longstanding relationships. Sales will be over $50 Million yearly by 2016.
Shoulder Innovations LLC
Medical Device
Total shoulder replacement surgery is an evolving and growing procedure. More than 50% of these procedures are performed by surgeons who do 5 or less per year. Shoulder Innovations, LLC is developing a next generation minimally invasive and simplified total shoulder replacement system. The technology utilizes inventions designed by surgeons to make the surgery more reproducable for the average surgeon while also increasing the safety and effectiveness of the device. The system relies on a “glenoid” replacement device which is inset into the native bone rather than onlayed onto the native bone. The insetting procedure removes far less bone and has proven to be much more stable. Until now the primary reason for revision surgery with total shoulder patients is loosening of the glenoid component. Shoulder Innovations’ design significantly reduces the chances of loosening as has been demonstrated with finite element analysis, bench top testing and actual clinical implants. Shoulder Innovations has also developed a novel humeral head and stem replacement technology. By shortening the shaft on the implanted stem this design provides rotational resistance, torsional control while preventing “subsidence” and provides a “self-centering” feature. This stem will also significantly reduce the surgical complexity of total shoulder replacement. With a rising patient population and a need for a simplified procedure and total shoulder replacement system, Shoulder Innovations’ technology is well poised to provide a much needed solution to a large and growing market.
Spider9
Alternative Energy
Through the deployment of advanced electrical architecture and real time computing control algorithms Spider9 is capable of addressing the cost, reliability and life issues surrounding grid scale batteries and solar fields. Maximizing our customer’s energy output at the minimum cost. The Spider9 Battery Management System is capable of generating up to 15% more energy and 20% longer life from batteries than todays systems. Dramatically improving the cost effectiveness of storage on the grid and creating a technology platform that is chemistry agnostic and enables the use of secondary life electric vehicle packs in grid energy storage. Using the same core technology Spider9 developed an Energy Management System that provides a revolutionary breakthrough in the intelligent control of solar fields. Increasing the energy harvested form a field by up to 50% and dramatically improving the cost effectiveness of solar systems. Leading the company to success is a team of proven executives and entrepreneurs. Glynne Townsend, CEO, who led the sales growth for A123Systems. David Park, COO, serial battery entrepreneur, David Smith, CTO, former VP of technology at Exide, Wavecreast, and ex chairman of the United States Advanced Battery Consortium and Bill Beckman, CFO, former CFO of Johnson Controls.
2011 GLEQ Winner
Syzygy Biotech
Life Science
Syzygy is a new company with a unique leadership team that brings a diverse and impressive array of experience and education to the table. Our products are fundamental components of life science activities involving DNA and our ongoing success in new product development is a direct result of our strong investment in research. Syzygy’s proprietary methods, discoveries and intellectual property support products and services that improve research results and save money. Our first commercial product (Taq Polymerase) is used by labs, universities and others to amplify DNA for use in research, testing and experimentation. We are building a successful company founded on an efficient organization and cost structure, dependable quality control and an innovative culture. Our vision is to lower the cost of biological reagents to foster life science research and education and discover, develop and produce biochemical solutions useful for the advancement of science and the creation of high quality life science jobs in Michigan.
TherapyCharts
Information Technology
TherapyCharts supports the 1.3M mental health professionals who are dissatisfied with paper charts, 20% insurance rejections, and changing health-care regulations. Our team of attorneys, computer security experts, and psychologists created an electronic health record (EHR) system with smart practice management. Unlike competitors, we integrate remote accessibility, security, legal compliance, and tailor it to the workflow of clinicians – at a price comparable to the cost of manually maintaining patient records.TherapyCharts makes use of the SaaS model to provide high value for our customers with low operating costs. Besides a dedicated experienced team, we have proven support in the market with over 35 accounts. Additional competitors, entering the space in the last year, validated the market need. Fortunately; our 2 year head start, a low cash burn rate, and dedicated equity driven team creates a path for success. In the short term, TherapyCharts is gathering new customers, listening to input, and developing needed enhancements. In the long term, we are working on developing relationships with training universities; identifying marketing channel partners; and enhancing relationships with key people in legal, ethical, and insurance billing fields to establish TherapyCharts as the de facto standard.
ULTrA
Medical Devices
Drs. Susan Brown PhD and Jeanne Langan PhD, using over $500k in grants and sponsored research funds within the School of Kinesiology, University of Michigan, have created the ULTrA Rehabilitation and Assessment System. It is a hardware and software-based platform technology of significant value to ULTrA’s patient group, namely those millions of individuals suffering from stroke, cerebral palsy, Parkinson’s disease, and other neurological disorders affecting upper limb dysfunction. Its use is eligible for reimbursement by insurance providers and Medicare. ULTrA meets many identified large market needs. It is both an assessment tool that provides a quantitative determination of patient condition, and a monitoring tool that measures the progress and effectiveness of treatment. ULTrA contains regular and customizable rehabilitation treatment modules that, when applied, produce significantly improved arm/hand function. As a telemedicine solution, using its webcam connection, it allows clinicians to interact with patients at remote sites, including the patient or caregiver’s home, and can even be used independently by individuals at home when their insurance has run out. Supported by an experienced management team and advisory board, ULTrA is uniquely positioned to provide patient benefits unavailable on competitive systems. ULTrA is currently seeking to raise $500K to achieve initial market entry.
Vinci Technology Corp
Advanced Materials
Vinci Technology was incorporated in February 2009. Three engineers with over 70 years of combined R&D and product development experience with Ford Motor Company started the company. Currently the Vinci team is composed of the following key personnel: CEO and President – Dr. Tsung-Yu Pan is a 24-year veteran of materials and manufacturing research in automotive industry. He has extensive experience in working on friction stir welding process and advanced manufacturing. He received his PhD in Macromolecular Science and Engineering from the University of Michigan. Chief Technical Officer — Mr. Allen D. Roche was instrumental in setting up a small R&D company in the UK specializing in advanced material development based on spray forming technology. The company built up a large portfolio of patents on a spray tooling technology that was subsequently sold to Ford. He transferred to Ford, USA as a group leader to assist in the implementation and commercialization of the spray tooling technology. He has authored/co-authored over 20 patents. He received his M.Sc Degree in Chemical Engineering from University of Wales. Vinci’s business focus is on developing technologies related to nanomaterials. The core competencies of Vinci are: technology transfer and commercialization of material inventions; practice of materials processing and creative inventions in the advanced materials field. Our goal in the short term is to scale up & commercialize the Friction Stir Processing technology to produce low cost structural nanomaterials with significant commercial value.
Visotek
Defense & Homeland Security
Visotek is a supplier of its own line of patented high performance industrial diode lasers with output powers ranging from tens to thousands of watts. Our peripheral components and laser processing heads transform laser energy from a variety of laser sources to enable cladding, coating, cleaning, welding, ablation, and soldering. These Smart Laser Tools ™ are used across the world in advanced manufacturing operations, research labs, the operating suite, and military installations. Visotek has developed a unique product line of portable laser-based solutions that address both military and industry’s need to remove coatings and corrosion in a safe, cost effective and environmentallyfriendly manner. These laser cleaning tools have significant applications in the $87B defense maintenance, repair and overhaul (MRO) market. The laser cleaning market also represents a major opportunity in other industrial vertical markets that have the same issues to address. With its 10 year history and an experienced team, Visotek has successfully bootstrapped its way through the development of its laser product offerings and its 10,000 sq. ft. high tech infrastructure located in Livonia, MI. It has always been cash flow positive with no debt financing or prior outside equity investment.
White Pines Systems
Information Technology
White Pine Systems, LLC (White Pine) is an emerging provider of Internet-based Personal Health Applications (PHA), which include Patient Portals, interoperable Personal Health Records (PHR) and Health & Wellness solutions that are at the center of the Patient-Centered Connected Health (PCCH) movement. These solutions have been shown to prevent avoidable hospitalizations, eliminate unnecessary tests, reduce emergency room visits and manage medications thereby reducing total healthcare costs and improving the quality of life. Through a unique combination of patent-pending and proprietary technologies and key relationships, White Pine is poised to secure a leadership position in the market for Personal Health Applications. The sales model includes a combination of initial services fees plus annual subscriptions. A typical transaction sells for between $50,000 and $400,000, depending on the number of people. White Pine is a Microsoft partner, building solutions for their HealthVault personal health platform. White Pine has established tremendous reseller relationships with American Specialty Health (for high-end employers), USA Payroll (small to mid-sized employers), Rural Health IT (for Health Information Exchanges) and others focused on healthcare providers. White Pine is positioned to take advantage of both health care reform and employer demand for patient engagement to improve health while lowering cost.