For Immediate Release
Wednesday, May 1, 2013
Incubator client wins grant to advance in-demand automation tech
Sterling Heights, Mich. –
With application assistance from the Macomb-Oakland University INCubator, Sterling Heights-based client company OmnicO AGV Inc. has been awarded $30,500 from the Business Accelerator Fund of the Michigan Small Business and Technology Development Center (MI-SBTDC).
OmnicO AGV has developed an Automatic Guided Vehicle (AGV) that greatly increases flexibility and accessibility in manufacturing and warehouse facilities. Among improvements to traditional AGV, OmnicO's AGV innovation has increased sideways and rotational mobility, includes a modular space frame system that allows for low cost fabrication and uses a proprietary navigation system that creates traction on any path.
This grant will allow OmnicO AGV to be well positioned to meet investor requirements for continued growth. Milestones include ownership of a unique IP and functionality of its four-corner transceiver technology.
"Supporting OmnicO's disruptive and innovative AGV technology is an exciting and perfect use of the Business Accelerator Funds. Their technology will improve manufacturing and warehouse logistics efficiency," said Julie Gustafson, Macomb-OU INC's executive director.
This innovative AGV will be attractive to any manufacturing plants that desire highly mobile, reconfigurable, cost-effective AGV platforms. OmnicO AGV has already made great strides with companies such as Dyag, an advanced systems integration solution provider, with a letter of intent to promote the AGV product to customers, as well as the U.S. Army TARDEC, with experiments at Fort Bragg utilizing the Smart Tracking Transceivers developed by the company. In addition, OmnicO AGV is engaging in discussions with several automotive OEM's regarding their technologies.
"It was great to work with a consortium where each of the members has such deep experience and expertise in their respective disciplines. Together, this allows the OmnicO vision to become reality, and one that can really compete in the fast growing AGV market," said Mike Brennan, Macomb-OU INC's business commercialization and capital investment advisor.
As these Business Accelerator Fund awards demonstrate, the Macomb-OU INCubator is successfully delivering specialized business acceleration services to companies commercializing advanced technology. It is a 21st Century Jobs Fund Program managed by the MI-SBTDC in partnership with the Michigan Economic Development Corporation (MEDC) and Michigan's network of business accelerators.
To learn more about OmnicO AGV, visit omnicoagv.com. More information about the Business Accelerator Fund is available at misbtdc.org.
The Macomb-OU INCubator provides comprehensive development and support to startup and emerging businesses with a focus on the defense, homeland security, advanced manufacturing and technology sectors. For more information, visit the incubator website at oakland.edu/macombouinc.
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The Macomb-Oakland University INCubator provides entrepreneurial resources, business solutions, and access to student interns and proactive support to businesses at every stage, in an effort to help start-ups on their path to success. The INCubator's goal is to create jobs and advance the development of businesses with obtaining necessary financing for growth, business strategy, consultation, access to appropriate rental space, shared business services, and equipment and technology support services in the areas of defense, homeland security and advanced manufacturing.
Oakland University is a doctoral, research-intensive university located in Oakland County, Michigan. The university has 139 bachelor's degree programs and 127 graduate degree and certificate programs. Dedicated to delivering a distinctive undergraduate experience that is complemented by the strength of its graduate offerings and research accomplishments, Oakland University is organized into the College of Arts and Sciences, the Oakland University William Beaumont School of Medicine and the Schools of Business Administration, Education and Human Services, Engineering and Computer Science, Health Sciences, Nursing and The Honors College. Visit Oakland University on the Web at oakland.edu.