CLIENT COMPANY SPOTLIGHT
STONY CREEK LABS: MACOMB-OU INCUBATOR SECURES FUNDING TO ACCELERATE CLIENT GROWTH
The Macomb-OU INCubator was recently awarded Business Accelerator Funds (BAF) to provide accelerator services to client company Stony Creek Labs LLC in the amount of $48,600. The Macomb-OU INCubator is one of the top business accelerators in garnering State of Michigan Business Accelerator Fund dollars to assist client companies.
Stony Creek Labs delivers advanced manufacturing technologies for industrial applications. The company is an affiliate of Grid Logic, a developer and manufacturer of superconducting components for electrical utility and defense applications. Stony Creek Labs develops advanced manufacturing technologies and will expand on capabilities originated at Grid Logic.
MAC-OU INC POSITIVE IMPACT
|MICHIGAN DEFENSE ADVANCED RESEARCH PROJECTS AGENCY (DARPA) MATCHING FUNDS PROGRAM (MD.MFP) OUTPUT TO DATE|
Three companies with early-stage technologies were able to engage with DARPA and access the pool of State matching funds thus far. The program still expects to assist with four more efforts. Those companies who received State of Michigan funding are required to report progress and output for up to five years. Some early results are in, and we have been able to extract the following accomplishments between the three awarded companies in the short-term:
new high-tech jobs created = 6 | high-tech jobs retained = 14 | new patents applied for = 4 | new project scope added = $2.55M | additional leveraged matched received = $4.95M | new company created = 1
MAC-OU INC HAPPENINGS
|OAKLAND UNIVERSITY IN WASHINGTON D.C.|
Julie Gustafson, Mac-OU INC's executive director, participated in 'OU in DC 2014' on May 18-21. This excursion to Washington D.C. is sponsored by Oakland University's Office of Government and Community Relations, with attendance strongly encouraged from staff members with matters that are directly impacted by federal government spending and policies.
LOGICOUL SOLUTIONS PROGRESSES WITH AWARD, PRESENTATION, LEASE AGREEMENT
LogiCoul Solutions was recently selected as one of the top 20 companies, out of over 275 submissions, at the MiQuest emerging business plan competition finals. In addition, LogiCoul Solutions presented their battery improvement results at the PlugVolt conference held at NextEnergy in Detroit. They also recently signed a lease agreement with Mac-OU INC, and are now on-site clients of the Macomb-OU INCubator. Welcome to the building!
|MICROCIDE RECEIVES PRESTIGIOUS BOOK-DEAL REQUEST|
The Senior Commissioning Editor of Blakell-Wiley Publications recently contacted John Lopes, President of Microcide, to serve as author or editor for a book within the Institute of Food Technologies (IFT) Press series.
This request is a result of John's recent published paper in the Journal of Food Science, thereby proving himself as a subject matter expert. The IFT Press series is a joint venture between IFT and Wiley-Blackwell, reflecting their mission of the advancement of the science of food contributing to healthier people everywhere.
|WAVE AIRCRAFT™ INC PROGRESSES AS A RESULT OF COMPETITION WINS|
Wave Aircraft™ Inc placed as a top 20 finalist at the MiQuest emerging business plan competition finals.
"As a startup, we have our business plan and product taking notice in every competition we entered. Placing in the top 20 in the Emerging Company category reinforces that we are on the right path with our business model," Perry DiClemente, CEO/Founder of Wave Aircraft™ Inc, says.
MICHIGAN DARPA MD.MFP
|DARPA CYBER GRAND CHALLENGE FUNDING SUPPORT|
Calling all Michigan cyber-patriots from academia, small business and industry to team-up and compete in this DARPA-sponsored automated security systems competition. The wining team from the Cyber Grand Challenge finals receives a cash prize of $2M, with second place earnings of $1M and third place taking home $750,000.
For more information, view the MD.MFP Cyber Grand Challenge flier.
BUTZEL LONG: CONFLICT MINERALS UPDATE: COURT SAYS SEC CANNOT COMPEL A COMPANY TO 'CONFESS BLOOD ON ITS HANDS' BUT UPHOLDS MOST OF CONFLICT MINERALS RULE
On May 14, 2014 the U.S. Court of Appeals for the District of Columbia Circuit denied an emergency request to delay the June 2 filing deadline for conflict minerals disclosures. This decision follows the same Court's earlier decision striking down part of the U.S. Securities and Exchange Commission's ("SEC") Conflict Minerals Rule in National Association of Manufacturers, et al. v. SEC, et al., No. 13-5252 (D.C. Cir. April 14, 2014).
|JIM RUMA: DEFENSE ARTICLES OF INTEREST|
JIm Ruma, Mac-OU INC's Executive-in-Residence with a focus on defense, keeps client companies up-to-date on defense news and offerings, in addition to helping them navigate this complicated sector.
National Defense: "Army Switches From Vehicle Procurement to Sustainment Mode"
by Dan Parsons
For 13 years, the Army has binged on billion-dollar procurement budgets and assembled the largest and newest wheeled vehicle fleet in its history. Now military commanders and the companies that built thousands of vehicles in support of two wars are preparing for the inevitable withdrawal symptoms resulting from reduced budgets and requirements after more than a decade of combat.
|JERRY LANE, AUVSI DIRECTOR AND IGVC CO-FOUNDER||OAKLAND UNIVERSITY'S INTELLIGENT GROUND VEHICLE COMPETITION|
32 college/university robotic-vehicle teams competed in the 22nd Annual Intelligent Ground Vehicle Competition (IGVC) at Oakland University on June 6-9, vying for a portion of the near $30,000 in cash prizes.
For the second year in a row, the Oakland University (OU) team captured the first-place grand award, the Lescoe Cup, named in memory of co-founder Paul Lescoe. The OU team completed the Basic AutoNav course, was the only university to complete the Advanced AutoNav course, and, in addition, tied for third place in the interoperability architecture competition. This combined point total was enough to beat the California State Northridge team, the 2012 IGVC Champion and 2014's overall second-place winner.
|AUTOMATION ALLEY ENTREPRENEWS FEATURING MAC-OU INC'S MIKE BRENNAN: GET YOUR BUSINESS FUNDED IN 12 EASY STEPS|
The path to prosperity for Michigan-based entrepreneurs can certainly be challenging. It is no secret that most startup companies either fail outright – many in the first year – or simply fall short of their goals.
Michael Brennan is the business commercialization and capital investment advisor at the Macomb-OU INCubator and OU INC, as well as a private capital growth strategist. In his years assisting entrepreneurs with strategic growth and capital raise efforts, Brennan has found that there are a set of key decisions successful entrepreneurs make early in their development that can be a difference-maker when it comes to a startup's successful capitalization and accelerated growth.
Macomb-OU INCubator at Velocity Collaboration Center
6633 18 Mile Road, Sterling Heights, MI 48314
Phone: (586) 884-9320 | macINC@oakland.edu
Best Shot Competition
Mac-OU INC / MidMichigan Innovation Center
July 16, 5 - 8 p.m.
Paid Search 101
Social Media Club Detroit
July 22, 9 - 10 a.m.
Paid Social 101
Social Media Club Detroit
August 19, 9 - 10 a.m.
Get Out of the Garage: Patent Your Idea!
Mac-OU INC / City of Sterling Heights / Macomb County
August 19, 3 - 5 p.m.Capital Raise Meetup
September 9, 9:30 - 11 a.m.