The funding recipients include:
– Ann Arbor-based Allinnova LLC, which developed a comprehensive corporate capabilities assessment. Its financing will support commercialization of a tool for determining a corporation’s capability to be successful in a strategic partnership with another organization.
– Procuit Inc., based in Ann Arbor, develops educational software engines. Its funding will support commercialization of HomeschoolAdvantage.com, a dedicated portal for the two million children in the United States and Canada whose primary education is at home.
– Birmingham, Mich.-based Solarflex will use its microloan to commercialize organic solar cells, which offers greater efficiency and lower cost compared to others currently on the market.
The Michigan Microloan Fund Program is supported by the Michigan Pre-Seed Capital Fund, the Ann Arbor Local Development Financing Authority and Washtenaw County.