In a Detroit Crain's article, Jan 28, 2018 9:44 pm, Tom Henderson reported that Sean Ainsworth is heading up Immusoft Corp., as their new CEO. Immusoft produces RST-001 which is an exciting technology and is hoped to "use a patient's immune cells to treat diseases." Read all about it. RetroSence was sold to Allergan in 2016 for around $60 million. Sean successfully completed NEF coaching in April of 2010.
Date Posted: 28 January 2018
Date Posted: 26 January 2018
In a Detroit Crain's article on Jan 24, 2018 11:18 AM, Tom Henderson explained where Michigan ranked among other states in venture capital investment for 2017. Spoiler alert, we did well. Read More
Date Posted: 25 January 2018
In an article published by Cision PRWeb, Jan 24, 2018, Gloria Ahu, of Workit, explained what it means to earn a B Corporation Certification. It is another important milestone they have achieved in becoming recognized as the 'go to' addiction care company. Read More
Date Posted: 24 January 2018
There were four entrepreneurs who pitched at the January NEF Forum. First up was Colt Correa of Digibit who brought his family to demonstrate how Digibit games keep kids engaged, exercising, and entertained. The product is not WiFi dependent, is battery powered, and is intended for the Nintendo users 8 - 15 years of age.
Curtis McFall, of Camp Gig was next and explained how his employment platform meets the needs of summer camp owners in locating talented employees. The platform is a data base of domestic staff including profiles, photos, and videos where employers can search to fill openings.
Erin Barbossa of Intuissa followed Curtis and explained that there is a lack of preventative mental health therapy programs in the industry. Stress causes $500 billion in lost productivity. Her solution is a B2B program offering proactive, individual, and on-sight psychotherapists to mitigate problems before they occur.
The last presenter was Brad Wilson of Write About. As a teacher, he observed the lack of interest students have for writing because traditional methods to encourage them are boring. Students want to write about things that interest them. Thus, the Write About platform was born to encourage students to write by suggesting topics. Students who participated increased their writing frequency by 50%. Early adopters are teachers who encourage school districts to purchase.
The judges had their work cut out for them, but decided that Brad Wilson of Write About was the winner of the $230 prize. Congratulations to Brad and all of the entrepreneurs for a great job.
Date Posted: 23 January 2018
At the January NEF Forum, Chris Lin, CEO of Mandy and Pandy, explained how his teaching tools makes learning Chinese fun for young children. China and the U.S. are the world's largest economies and largest trading partners. Kids who learn Chinese will have a competitive advantage in the future global economic environment. Yet, there is a large shortage of Chinese teaching programs in the U.S. language education industry. The Mandy and Pandy Curriculum was developed for American kids to have fun, engage, and learn interactively as opposed to rote memorization. Included in the materials is a unique character training app that teaches kids how to correctly write Chinese characters. Chris has identified several school districts to sell his curriculum. So far, Mandy and Pandy has traction with Dexter, Ann Arbor Districts, and Oakland County Schools. Look for them on Amazon. A TV show is planned to launch in 2021 to achieve rapid revenue growth for the company. Visit them at: https://www.mandyandpandy.com
Date Posted: 15 January 2018
On Jan 11, 2018 in an Xconomy article, Sarah Schmid Stevenson let readers know what the exciting progress has been for Cahoots, a new 24,000 square foot technology hub located on Huron Street in Ann Arbor. Read More
Date Posted: 9 January 2018
Date Posted: 5 January 2018
Date Posted: 4 January 2018
In a Jan. 2, 2018 article on the Ann Arbor SPARK website, Joe Licavoli gave an interesting review of what is new at SPARK East. "The big news is that in 2017 not only did we paint the inside and outside of SPARK East but the Ann Arbor Ypsilanti SmartZone was one of only three SmartZones in Michigan to receive a 15-year funding extension. You will see some substantial changes at SPARK Est in 2018 but rest assured that we will still have the same great coffee! Read More
Date Posted: 28 December 2017
Here are some key statistics on how NEF made a difference in 2017:
- NEF provides coaching and business plan review support to over 14 programs and events.
- In the past year, NEF-coached companies secured over $24.7M in equity funding!
- This is in addition to $2.5M in government funding.
- NEF coaches approximately 12 companies a year. A company who completes the program does a final presentation at our monthly forum.
NEF also provides coaching, judging, teaching and business plan review for a variety of competitions and entrepreneurial programs:
TechTown DTX, Desai Accelerator, Michigan Angel Fund, SPARK Education Series, China Business Challenge, Ann Arbor SPARK Boot Camp, Wayne State Entrepreneurial Program, Zell Lurie Entrepreneurship Challenge, Michigan Growth Capital Symposium (MGCS), Annual Collaboration for Entrepreneurship (ACE), Accelerate Michigan Innovation Competition (AMIC), Crain's Detroit Homecoming Urban Entrepreneurship Showcase, Global Automotive and Mobility Innovation Challenge (GAMIC), and David Brophy's Financing Technology Commercialization course at University of Michigan
- Other awards and recognition for NEF-coached companies
- Advanced Interactive Response System - top 2017 ACE prize
- MySwimPro $40K grand prize at the Green Light Michigan Business Model Competition; named the Best App of 2016 for the Apple Watch
- Melius Outcomes - 2017 MedHealth Summit prize
- Varsity News Network – one of Endeavor’s 34 high-impact entrepreneurs at its 66th International Selection Panel (ISP)
- Civionics - ‘Elite Entrepreneur’ on the TiE list of Top-20 Early Stage Startups at TiEcon Midwest
- Ten of the 36 semi- finalists and 2 of the finalists for the 2017 Accelerate Michigan Innovation Competition (AMIC) are NEF-coached companies
- Seven of the 2017 Michigan Growth Capital Symposium (MGCS) presenters were NEF-coached companies
- Civionix and Genomenon selected as finalists for Rise of the Rest