An advanced technology developer working to improve fuel efficiency and emissions and a biotech start-up that’s designed a natural supplement to treat diabetes and pre-diabetes are receiving grants to help bring their products to market.
The awards of $50,000 to Nostrum Energy LLC and $36,635 to Omni One LLC and its DiabetainC supplement come from the Michigan Small Business Development Center’s Business Accelerator Program through the Macomb-Oakland University INCubator.
The Sterling Heights-based incubator selected the two recipients based on their success to date and their sound business practice and potential.
“We look forward to watching these two well-positioned companies take it to the next level,” says Julie Gustafson, executive director of the Macomb-Oakland University INCubator. “The BAF program, supported by the Michigan Economic Development Corporation, is an important catalyst for business growth in the state.”
The amount of awards allotted to the Sterling Heights-based business incubator for its clients make it the top recipient statewide of dollars from the Business Accelerator Fund to date. The incubator provides space, expertise and other services to high-tech businesses, academic innovators and research and development start-ups.
Source: Joan Carleton, spokesperson, Oakland University
Writer: Kim North Shine