December 9, 2010 9:35
Michigan is a vibrant venue for business opportunity and innovation, and the Accelerate Michigan Innovation Competition has proven that. The Accelerate Michigan Innovation Competition is the largest business plan competition in the world. Designed to fuel entrepreneurial innovation-based business growth in our state by awarding companies and students more than $1 million in cash and in-kind services, software, and staffing, the competition received over 600 entries in total. Today, Dec. 9, marks the first of a three day conference that culminates on Saturday, Dec. 11 with a keynote address by Governor Elect Rick Snyder and the announcement of the top company winners.
The best and brightest new business concepts from local and global entrepreneurs will be presented at the three day conference, exposing those opportunities to potential investment capital and fostering their growth here in Michigan. The competition targets mid-to-late-stage business start-ups with potential to generate an immediate impact on our state's economy, as well as student concepts with longer-term business viability.
Bank of Ann Arbor is proud to sponsor this competition. Bank of Ann Arbor's Technology Industry Group helps new tech businesses in their efforts to become successful tech companies The Technology Industry Group is one of only a handful of banking groups across the country focused on providing loans and cash management services to small and mid-sized innovation based businesses. Its products and services are helping new economy businesses grow and create jobs for Michigan’s future. For more information, give Michael Cole or Mark Holtz a call at 734-662-1600.
October 14, 2010 3:59
Bank of Ann Arbor connects Ann Arbor to Detroit through a 10-year loan to Detroit-based TechTown, according to the October 13, 2010 article in Concentrate.
The Technology Industry Group at Bank of Ann Arbor specializes in banking for technology and life-science based companies. Contact Technology Banking Group President Michael Cole at 734-327-4432 or firstname.lastname@example.org to learn more. How can we help you?
October 5, 2010 4:03
In today's Detroit Free Press: Bank of Ann Arbor lends Detroit's TechTown money to expand their business incubator, TechTwo's, operations and offer low-cost office rental space and more to entrepreneurs.
We're proud to help techies build businesses. How can we help you?
October 4, 2010 12:11
WWJ NewsRadio covers the announcement made by Michael Cole, Technology Industry Group President at Bank of Ann Arbor, to provide working capital to Detroit's TechTown. TechTown's mission is to expand the Detroit region's innovation economy. Read about the financing deal which was announced at TechTown's First Friday meeting on October 1, 2010.
October 4, 2010 8:26
Michael Cole, Group President of Bank of Ann Arbor’s Technology Banking Group announced a financing arrangement to provide working capital to support TechTown’s mission of expanding the region’s innovation economy. The announcement was made at TechTown’s First Friday event on October 1, 2010.
“Detroit’s TechTown is one of the nation’s leading business incubators and an important catalyst for Detroit’s new economy,” said Cole. “Bank of Ann Arbor is dedicated to supporting regional economic development collaboration and high growth, innovation based businesses. This partnership makes perfect sense for Southeastern Michigan.”
"For the last several years, many large banks have been scaling back their commitment to Detroit,” said TechTown Executive Director Randal Charlton. “By taking the opposite approach, the Bank of Ann Arbor will be positioned to get a first-hand view of the wide range of new technology that is being developed at our various research institutions in our city as well as by entrepreneurs at TechTown. The bold leadership that the bank has displayed in supporting entrepreneurs will enable them to provide financial services to the best of our emerging high technology companies, and to grow and prosper along with Detroit over the next decade.”
About Bank of Ann Arbor
Bank of Ann Arbor is a locally owned and operated full service bank with total assets and assets under management of more than $1.2 billion. Bank of Ann Arbor’s Technology Industry Group is one of only a handful of banking groups across the country focused on providing loans and cash management services to small and mid-sized innovation based businesses. Its products and services are helping new economy businesses grow and create jobs for Michigan’s future. For additional information, please visit www.boaa.com.
TechTown is an urban community of entrepreneurs, investors, mentors and partners creating an internationally influential village in Detroit. TechTown brings the resources of Wayne State University to high-technology startup companies to diversify and strengthen Michigan's economy in high-growth emerging industries. For more information, visit www.techtownwsu.org.
January 24, 2010 8:43
Call it hibernating capital.
A growing effort to convince wealthy individuals to invest directly in local startup companies is the objective of some leaders in Ann Arbor’s entrepreneurial community.
Michigan has 157,642 households with liquid assets worth at least $1 million, according to Phoenix Affluent Marketing Service. That means Michigan has the 10th most millionaires in the country - ahead of Massachusetts, Maryland, Arizona, Georgia, North Carolina and 35 other states.
Efforts to reinvigorate a 6-year-old group called the Ann Arbor Angels is a direct response to financial need among the area’s startup technology companies, officials said.
The investment group came together for the first time in 2004 but essentially fizzled out after a few years.
But Michael Cole, vice president of the Bank of Ann Arbor’s technology industry group, has mobilized to restart the group and plans to hold 3 to 4 meetings in 2010. The goal is to attract wealthy private citizens to invest in small local tech companies, generating profits, jobs and economic activity for the Ann Arbor region.
Read the full article on AnnArbor.com.