Michigan Pre-Seed Capital Fund taps Ann Arbor’s Biotectix
Another Ann Arbor-based start-up is getting a small shot in the arm from the state of Michigan. This time the Michigan Pre-Seed Capital Fund is investing in Biotectix. The bio-tech firm worked with Ann Arbor SPARK to win the investment and already has received investment dollars from Allied Minds. Biotectix, a University of Michigan spin-off, works with biomedical device manufacturers to develop and implement customized materials that improve the safety, longevity, reliability, biological interaction, and energy-efficiency of their devices. The company hopes to take a piece of the $2 billion biomaterials and active coatings pie.The Michigan Pre-Seed Fund money will be used to expand its business development activities. It will also accelerate research in the cardiac, neural and cochlear markets.Source: Biotectix and Ann Arbor SPARKWriter: Jon Zemke
Another Ann Arbor-based start-up is getting a small shot in the arm from the state of Michigan.
This time the Michigan Pre-Seed Capital Fund is investing in Biotectix. The bio-tech firm worked with Ann Arbor SPARK to win the investment and already has received investment dollars from Allied Minds.
Biotectix, a University of Michigan spin-off, works with biomedical device manufacturers to develop and implement customized materials that improve the safety, longevity, reliability, biological interaction, and energy-efficiency of their devices. The company hopes to take a piece of the $2 billion biomaterials and active coatings pie.
The Michigan Pre-Seed Fund money will be used to expand its business development activities. It will also accelerate research in the cardiac, neural and cochlear markets.
Source: Biotectix and Ann Arbor SPARK
Writer: Jon Zemke
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