Great Lakes IT Report: MEDC Celebrates Successes

Source: Great Lakes IT Report

Dec. 11, 2002

Missed this one Monday night after attending it last year, but the Michigan Economic Development Corp. recognized the growth and development of 12 companies, three individuals and two entrepreneurial support groups at the third annual Michigan Investment and Commercialization Success Celebration, held at the Michigan Capitol Rotunda. Winners in advanced manufacturing were Ardesta L.L.C. of Ann Arbor; KTM Industries Inc. of Lansing; Mag Research and Development Co. of Pleasant Ridge; and Quantum Signal L.L.C. of Ann Arbor. Winning in the IT category were Arbortext Inc. of Ann Arbor and Clarity L.L.C. of Troy. The life sciences category was the biggest group with six winners: Ash Stevens Inc. of Detroit; AvTech Laboratories Inc. of Kalamazoo; Neogen Corp. of Lansing; Nephros Therapeutics Inc. of Ann Arbor; NephRx Corp. of Portage; and Velcura Therapeutics Inc. of Ann Arbor. Investors honored were Hal Davis of Blue Gull Network, Dexter; Frank Hennessey of Hennessey Capital, Taylor; and TGap Ventures of Kalamazoo. Two additional awards were given to honor the support of Michigan's entrepreneurial community. Those awards went to David Parsigian of Miller Canfield Paddock & Stone P.L.C.'s Ann Arbor office, and the Detroit office of business consultants McKinsey & Co.