Crain's Detroit Business reported that Venture Investors LLC has closed on its latest fund, the $75 million Venture Investors Health Fund VI LP. Crain's quotes Jim Adox as saying "In our prior funds, we invested in a mix of health care and technology. For this fund, we made the decision to go 100 percent to health care." Jim Adox is based in Ann Arbor and will be the executive managing director of the fund. The article goes on to explore the recent history of Southeast Michigan's strength in health care venture investing.
The New Enterprise Forum has also seen a surge in healthcare-focused startups in recent years. Several founders of healthcare startups have benefited from NEF coaching. Showcase presenters with healthcare solutions have included InheRET, Genomenon, Workit Health, Spellbound, Advaita, eScapes Network, Smile Bond, Pathware (MedKairos), EagleView Imaging, and Carrot Pass. Several of these companies have gone on to successful fund raising rounds while others are still in the process of pitching to potential investors.

CEO Kim Gamez and Mi Padrino were the subject of a
Ann Arbor-based Genomenon has won a Small Business Innovation Research (SBIR) grant from the NIH’s National Human Genome Research Institute (NHGRI). Funding from the grant, valued at $152,946, will go toward creating a platform for producing and sharing “micropublications” across the genomics research community, as well as continuing Genomenon’s efforts to automate variant interpretation based on data from published studies. The news was covered in
Team posters, banners and other Michigan basketball memorabilia provide a colorful theme for the decor of Anne Perigo's office at the Ross School of Business. It is perhaps not too surprising that an Ann Arbor native who graduated from Pioneer High and has a BBA from the University would be an enthusiastic fan of the hoops team and of both departing coach Beilein and incoming coach Howard.
Four startup founders gave fascinating presentations at the July edition of New Enterprise Forum but is was Raeanna Lewarne of
Workit Health
University of Michigan startup InheRET Inc. has launched an online program that helps identify patients at risk for hereditary cancers without a visit to the doctor. InheRET’s cancer risk evaluation program was tested in a pilot at Michigan Medicine where more than 500 patients have completed the health history form. The program is now available to the general public and to health care facilities on a subscription basis.
Invest Detroit Ventures (ID Ventures) recently announced that it has received significant philanthropic support to begin the effort to turn its First Capital Fund into a sustainable, evergreen fund that will support early-stage Michigan startups for years to come. With $3 million from the Ralph C. Wilson Jr. Foundation, $2.5 million from the Michigan Economic Development Corp. (MEDC), and $11 million in assets funded to date, ID Ventures kicks off a fund-raising effort to pool enough philanthropic support to create a sustainable source of early capital for Michigan's diverse, under-represented entrepreneurs and technology start-ups committed to bolstering the local economy.
David was an advertising executive for decades with the J. Walter Thompson agency, working in several different industries, and then spent several more years as a general manager with a large auto parts company. In addition to his volunteer activities he also pursues consulting projects where his branding expertise can add value. As the winner of eight prestigious Effie awards over his career, David has now been asked to moderate final round Effie judging and to assist with the Effie Collegiate program.













