Applied Computer Technologies, a West Bloomfield, MI-based company that is commercializing is commercializing a patented, connected integrated learning driving system that is adaptive to real time conditions, has received a subordinated loan of undisclosed amount from the Michigan Microloan Fund Program.
The loan is part of a $440k amount provided by the Michigan Pre-Seed Capital Fund to twelve state-based companies. Microloans available through its program range from $10,000 to $50,000.
Applied Computer Technologies was founded in 1985 by Wayne State University students with the focus of computerizing the car. The company intends to use the funding for commercialization efforts related to its technology designed to mitigate accidents due to driver distraction and poor judgment.