For immediate release
Friday, June 6, 2014
Macomb-OU INCubator secures funding to accelerate client grown
Sterling Heights, Mich. -The Macomb-OU INCubator was recently awarded Business Accelerator Funds (BAF) to provide accelerator services to client companies Nostrum Energy LLC and Omni One LLC in the amounts of $50,000 and $36,635, respectively.
With the addition of these latest awards, the Macomb-OU INCubator has now surpassed all other business accelerators in garnering the most Business Accelerator Fund dollars to assist client companies.
|Julie Gustafson, executive director of the Macomb-OU INCubator
"We look forward to watching these two well-positioned companies take it to the next level, said Julie Gustafson, executive director of the Macomb-OU INCubator. "The BAF program, supported by the Michigan Economic Development Corporation, is an important catalyst for business growth in the state."
Nostrum Energy is an advanced technology company and producer of water and fuel injection components and systems, specifically the Nostrum Cycle™ for the transportation and stationary power industries.
The BAF for Nostrum Energy will assist with commercialization efforts, specifically for efficiency and emissions technologies for aftermarket and original equipment manufacturer (OEM) applications that deliver unprecedented fuel economy improvement and emissions reduction in today's internal combustion engines.
The Omni One BAF will assist with next-stage commercialization, intellectual property protection, and the closure of near-term investment opportunities of DiabetainC™, an over-the-counter (OTC) natural supplement to help diabetic and pre-diabetic patients reduce blood glucose levels.
DiabetainC™ is safe for long-term use and has proven to be remarkably consistent and effective through multiple tests and trials. This comprehensive research and development is not a Food and Drug Administration (FDA) requirement of an OTC natural supplement, however, Omni One strives to prove the highest standards of development, consistency, efficacy and safety while also providing a strategic, competitive advantage and broader reach.
These BAF awards are distributed by the Michigan Small Business Development Center (MI-SBDC) through Mac-OU INC to the various accelerator service providers. As these awards demonstrate, the Macomb-OU INCubator is successfully delivering specialized business acceleration services to companies commercializing advanced technology. The BAF is a 21st Century Jobs Fund Program managed by the MI-SBDC in partnership with the Michigan Economic Development Corporation and Michigan's network of business accelerators.
About MACOMB OU-INCubator
The Macomb-Oakland University INCubator supports economic development in Southeast Michigan by accelerating high-tech businesses, cultivating academic innovation and encouraging research & development. To help small businesses grow, the incubator creates customized success strategies for startup and emerging companies in the niche industries of defense, homeland security, advanced manufacturing and technology. For more information, visit the incubator website at oakland.edu/macombouinc.
This project is supported by Grant CASE-33867 of the 21st Century Jobs Trust Fund received through the Michigan Strategic Fund from the State of Michigan. The Michigan Economic Development Corporation (MEDC) is the state's marketing arm and lead advocate for business development, talent and jobs, tourism, film, and digital media incentives, arts and cultural grants, and overall economic growth. The MEDC offers a number of business assistance services and capital programs for business attraction and acceleration, entrepreneurship, strategic partnerships, talent enhancement, and urban and community development. For more information, visit michiganbusiness.org.
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