Michigan Microloan Fund Gives $115K

4/19/10

The Michigan Microloan Fund Program has awarded three startup companies a combined total of $115,000, according to an announcement Monday by Ann Arbor SPARK, which manages the fund. Companies receiving the funds are CYJ Enterprises, a Detroit-based startup commercializing an emergency management system for child and adult care providers; Ann Arbor, MI based Ix Innovations, which makes a USB-powered picoammeter; and NextCAT, a Detroit-based developer of catalysts for biodiesel production.

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