Michigan Pre-Seed Capital Fund Invests $1.5M in Six Startups

7/25/13Follow @XconomyDET

The Michigan Pre-Seed Capital Fund announced this week that it has invested $1.5 million in six early-stage tech startups: AutoBike, AlertWatch, BEET Analytics Technology, IROA Technologies, Patient Provider Communications, and TM3 Systems. To date, the Michigan Pre-Seed Capital Fund has invested $20 million in 89 Michigan companies. Ann Arbor SPARK acts as the fund’s administrator.

About the companies receiving investment:

—AutoBike, based in Troy, is the creator of a bicycle that shifts gears automatically.

AlertWatch, a University of Michigan spin-out company, makes software to monitor patients in the operating room.

—The Plymouth-based BEET Analytics Technology is an enterprise software company that has developed products for use in the manufacturing process.

—IROA Technologies, located in Ann Arbor, has created metabolic profiling tools for use in research and diagnostics.

—Ann Arbor’s Patient Provider Communications has developed a platform to provide two-way, touchscreen communications between patients and caregivers.

Sarah Schmid is the editor of Xconomy Detroit. You can reach her at 313-570-9823 or sschmid@xconomy.com. Follow @XconomyDET

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