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Entrepreneurship : In the News

139 Entrepreneurship Articles | Page: | Show All

U-M graduates first class of entrepreneurs

U-M has just gotten its inaugural class of entrepreneurs out the door, evidence that there is a defined route to being your own boss.

Excerpt:

"The University of Michigan is ideally positioned to deliver such a program," said Ross School Dean Alison Davis-Blake. "Our top-ranked business and engineering schools have a long history of successful collaborative ventures. This new joint degree program gives students access to real-time technology and resources to turn a business idea into a market-ready venture within 12 months." 

...Many of the students have undergraduate degrees in science, technology or engineering and want to bring about positive social change. For example, one student wants to improve infant mortality rates through new uses of warming technology."

More here.


Education program provider Seelio receives $900K seed investment

A sizable round of seed funding has gotten Ann Arbor-based Seelio onto Forbes' radar.

Excerpt:

"Seelio is especially popular with educational institutions  for students to showcase their school projects.   Today Seelio has announced that they have raised $900,000 in a seed round of funding from First Step Fund, Michigan PreSeed Fund, and several angel investors...

Many institutions have been using Seelio non-traditional educational programs like boot camps and training programs.   A couple of examples of these programs include the Digital Media Institute at the  University of Texas at Austin  and the  University of Michigan Design Expo...

Seelio is now being used by thousands of students across 500 campuses."

More here.

Pinoccio co-founder talks creative hardware

Software start-ups get much of the glory, but in a nice turn, here's an interesting interview with Sally Carson, co-founder of Ann Arbor-based Pinoccio.

Excerpt:

"Pinoccio is a new Open Source Hardware business, building “a complete ecosystem for the Internet of Things”. The Pinoccio is a pocket-sized microcontroller board, with wireless networking, rechargeable LiPo battery, sensors, and the ability to expand its capabilities through shields, much like an Arduino board...

Eric Weddington (EW): What intrigued you about the Pinoccio to co-found a hardware startup company?

Sally Carson (SC): Well, I was always a creative kid, always drawing or making something. And, I always loved fiddling around with gadgets and electronics. In high school, I became an audio/video nerd. I got into skateboarding and playing in bands with friends. But, a huge part of both of these hobbies was the A/V part. So, for example, I filmed tons of footage of my friends and I skating. I would make these skate videos, editing the footage down using two VCRs. I’d use a 4-track to mix in audio, or I’d splice in the audio from an old Nintendo, like from Teenage Mutant Ninja Turtles. Every time we ollied or did a trick, there would be the “bloop” sound of a turtle jumping. So, I wasn’t like, busting out the soldering iron, but I was trying to find all of the different ways I could combine the electronics that I had access to."

More here.

Jiffy mix has baked-in business success

At age 83, the Jiffy mix company is rather vintage, but there's a reason it's had such a long run. And the muffins are still fresh.

Excerpt:

"Anyone who has dared venture down a grocery store's baking aisle or opened their grandparent's cupboard has probably seen one of the timeless white and blue "Jiffy" boxes that haven't changed much since the mixes were first invented by Holmes' Grandmother in 1930. What I didn't know until I did some homework, was just how great of a company is behind Jiffy mix. After a 16-minute long chat with the Jiffy mix CEO, and 11 years of studying business and economics, I knew I had discovered one of America's last great businesses. Here is seven reasons why...

5. Jiffy mix staff find meaning and purpose through their work.

When I commented on Holmes' decision not to sell off even part of his multi-million dollar company, he said "What would I do if I sold-out? Spend my life vacationing somewhere?!" The CEO of Jiffy has the right attitude. Our occupations, in balance with our relationships, give our lives meaning. To work a job just for money or to escape from community and family responsibilities is shallow at best.  A visiting reporter from Fortune magazine described  Jiffy mix as "a  decidedly chipper workplace, with friendly employees who seem to be genuinely enjoying their jobs. They greet Holmes warmly, he appears to know virtually all of them by name, and none of it feels phony."

More here.

Suds up! Michigan is 5th in nation for craft brewing

Michigan is a craft brewer sophisticate among the states.

Excerpt:

5. Michigan, 102 craft breweries

"Michigan is quickly moving up the ladder in the world of craft beers with over 100 breweries in the state. You may not find the big name craft brews of other states, but what you will find is some hidden gems -- and maybe your new favorite -- at local institutions like Bells Brewery and Founders Brewery."

More here.

Detroit's growing creative class and a call for A2-Detroit transit

A super article on the growing spread of Metro Detroit's creative class, including input from U-M professors and a call for extending mass transit between Ann Arbor and Detroit.

Excerpt:

"In an email to me,  Christian Unverzagt, a  Detroit-based architect  who lives in Lafayette Park and teaches at the University of Michigan's Taubman College, pointed out the transformation that the  Cass Corridor  has undergone. Long home to activists and artists, its gritty, windowless galleries and practice spaces have given way to a variety of renovated spaces including Green Garage (a co-working space), Great Lakes Coffee, and small retail shops such as City Bird, Nest, Hugh, and Nora, along with several yoga studios...

With $200 billion in economic output, its economy is the same size as Ireland's, Hong Kong's, or Singapore's. It is connected to the world through its airport. On top of this, the region is home to an incredible cluster of universities and knowledge based institutions, the University of Michigan in nearby Ann Arbor, long a center for top researchers and now an emerging nexus for tech start-ups, Michigan State in East Lansing, and Wayne State in Detroit. The region's talent base is especially deep in engineering, design, and industrial know-how. Before all those assets can be fully-leveraged, suburban interests must come to the table, and transit must be extended outside the core to the suburbs and ultimately all the way out to Ann Arbor."

More here.

Silicon Valley entrepreneur revises opinion about A2 investment scene

Entrepreneur Steve Blank has revised his opinion about Ann Arbor's investment landscape... slightly. He still says we still suffer from a risk-adverse culture that is akin to 'one hand clapping' and chastise governor Rock Snyder for not doing more to change that.

Excerpt:

"Blank told me what's changed in Ann Arbor is that there are venture capitalists and 'angels' in the city who are willing to invest, and who don't have to put up huge amounts of capital to get things going.

Blank said there's an enormous talent pool in Ann Arbor from the University's engineering and medical schools.
"And you don't need a lot of money to get some of these ideas off the ground. You don't need to put up $10 million to get things going. Basically you just need a couple hundred thousand dollars and a laptop," said Blank."

Read/listen to the rest here.

U-M Unconference bridges Ann Arbor-Detroit entrepreneurial gap

An invite-only event brings out the region's top entrepreneurs in an unique audience-guided getting-to-know-you (and your topic of choice) format.
 
Excerpt:
 
"The premise of the Entrepreneurs Engage unconference held at the University of Michigan yesterday may sound a little hokey to the uninitiated: The audience suggests breakout-group topics, and then folks spend about 45 minutes in each discussion—or they don’t. “You vote with your feet,” said emcee (and Xconomist) Rich Sheridan, CEO of Menlo Innovations. “Go to a station, contribute, and if you lose interest, find another station. Whoever shows up at the station are the right people who are supposed to be there, and it ends when it ends.”"
 
Read the rest here.
 
 

Ann Arbor startup Family Mint teaches kids money mgmt

Based out of Ann Arbor's Tech Brewery, Family Mint has released a video explaining how they help kids learn financial responsibility.
 
Watch the video below.
 
 

Startup Weekend boasts 55 pitches, 12 potential businesses

You've heard of the 48-hour movie competition? Similar idea, bigger impact. Over three days students pitch start-up ideas, winnow them down to the best dozen, put together teams, develop their plan then persent their ideas for a winning business. It's a 54 hours endure test for budding entrepreneurs.

Excerpt:
 
"On Friday evening, all Startup Weekend participants were given the opportunity to pitch business proposals for potential start-ups. By late evening, 55 pitches were brought forward and participants voted on their favorites. Then, teams were built around the 12 winning pitches. Though pitches this year tended to be mainly for technology products, other pitches included a non-profit venture to help feed impoverished children.
 
Business sophomore Lorenzo Salacata, an organizer of the competition, noted that though the majority of participants were students with non-engineering or computer science backgrounds, approximately 40 percent of Startup Weekend participants had coding experience."
 
Read the rest here.
 

Ann Arbor's Entre-Slam gets noticed by CNN

I don't know, seem kind of cool that we beat "The Worldwide Leader in News" to this story by about a year. Kudos to the organizers behind Entre-SLAM, the storytellers salon for those with a business bent.
 
Excerpt:
 
"Ann Arbor, Mich.-based Entre-SLAM encourages entrepreneurs to connect over stories and a beer. "We are drawn to authentic, real life stories," says Ballew, who has written two unpublished novels and hosted a local public access television show. She gave it up this summer to spend more time on Entre-SLAM. "This is like The Truman Show -- watch everyday people and their everyday dramas and issues," she says. Except the people telling stories are business owners, some who have decades of experience and some who started just days before their storytelling debut."
 
Read the rest here.
 

One year of the Wurst

A year ago The Wurst Bar opened in Ypsilanti. It quickly became a success, surprisingly less for its brews and more for its food. Mark Maynard decided to interview owner Jesse Kranyak about business, the community and competition.
 
Excerpt:
 
"I do not think that there is any competition in Ypsilanti – the market is still under developed and under appreciated in my opinion. A lot of the businesses in the area do share a lot of the same customers, but every additional business that offers something unique also adds to the quality of the entire neighborhood. This is not an area that has hit any saturation point, and, if another restaurant opened and we lost business, I would start heavily critiquing how I was approaching customers rather than think they were being taken away. We still continually get customers that drive in to check us out from Birmingham, Royal Oak and Beverly Hills because of something they saw online. I think that’s great for other places as well. I live and work here in Ypsilanti and I would be pretty hard pressed to continue doing so if there were not other places to eat and socialize such as Sidetrack, Beezy’s or Red Rock."
 
Read the rest here.
 
 

CityFARM urban farm business model gets noticed

Urban farming is emerging as a viable business model for companies like CityFARM.
 
Excerpt:
 
Its first year brought 40 new clients, allowing the company to employee two full-time workers and three part-timers. Besides its consulting and farming divisions, the business has an online store where it sells handmade products such as cedar raised beds, composters, container gardens and trellises. 
 
Read the rest here.


U-M grad named College Entrepreneur of 2012

He may now be attending Duke but U-M grad Bryan Silverman's company Star Toilet Paper operates out of Ann Arbor. Bathroom time will never be the same.
 
Excerpt:
 
"Jordan found research showing that Americans respond favorably to advertising in public restrooms, including signage above urinals, and came up with the idea to print coupons on toilet paper. The siblings went to work, building their startup, Star Toilet Paper, with less than $1,000 of their own cash. "Anything we could, we figured out ourselves and saved money," Bryan says.
 
Star buys recycled toilet tissue rolls in bulk wholesale and has a printer place coupons on the top ply."

Read the rest here.

International entrepreneurs learn from U-M experts

Small business entrepreneurs from the Middle East and North Africa will be spending a few weeks in Ann Arbor getting advice on how to grwo their enterprises.
 
Excerpt:
 
"Fourteen Middle Eastern and North African entrepreneurs are at the University of Michigan as part of a State Department-sponsored program that partners university experts with area community organizations.
 
The program participants are from Algeria, Egypt, Israel, Morocco and Tunisia. They're primarily small business owners."
 
Read the rest here.
 
139 Entrepreneurship Articles | Page: | Show All
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