Massachusetts investment firm bankrolls Michigan biotech
A Massachusetts investment group has poured more than a million dollars into Michigan biotech firms in the past two years.
A Massachusetts investment group has poured more than a million dollars into Michigan biotech firms in the past two years.
Venture capitalists in North America and Europe sank a record $1.74 billion into cleantech during the third quarter of 2007, according to a report released by the Ann Arbor-based Cleantech Network - up 13 percent from the same time period in 2006.
Starting next year, the University of Michigan will invest nearly $42.9 million in the university health system's medical imaging project.
Compendia Bioscience, Inc., an Ann Arbor-area biotech company has gotten a $250,000 investment from Ann Arbor SPARK and a $2.4 million research grant from the National Cancer Institute.
With the help of Ann Arbor SPARK, new companies and University of Michigan researchers are starting to move into the former Pfizer wet lab section.
The area's aerospace industry continues to grow with BMT announcing an expansion in Fraser.
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