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Ann Arbor Spark

April 30, 2021

Weekly Rewind: Ann Arbor’s Business News Recap

A look back on this week’s economic development headlines, announcements, and other share-worthy news from the Ann Arbor region.

COVID-19 Relief

Entrepreneurial Ecosystem

  • SPARK client LiquidGoldConcept Receives NIH Grant for Lactation Support Training Technology
  • The Michigan Venture Capital Association released its annual research report. Some quick points:
    • There are 165 venture-backed startups in Michigan, an increase of 17 percent over the past five years.
    • Michigan venture capital firms invested $2.8 billion in 2020, an increase of 28 percent over the last five years.
    • While there were more deals in 2020, it was for smaller amounts of funding.

Mobility News

  • Reuben Sarkar, CEO at ACM, gave testimony this week to the Senate Subcommittee on Surface Transportation, Maritime, Freight, and Ports. You can read it here.

Regional Updates