Michigan Team Scores DFJ, Cisco Award

7/2/10

Ambiq Micro, a startup involving business school students at the University of Michigan in Ann Arbor, has won $250,000 from venture capital firm Draper Fisher Jurvetson and communications technology company Cisco Systems, according to a news release. Ambiq Micro, which is working on energy-efficient microcontrollers, beat out 15 other finalists in the competition, which required contestants to make their case using Cisco’s TelePresence communications suites. The presenting members of the Ambiq Micro team were U-M’s Scott Hanson and Phil O’Niel.

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