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Future Takes Shape for Bell Labs Site - New York Times

Future Takes Shape for Bell Labs Site - New York Times | Detroit | Scoop.it
New York Times
Future Takes Shape for Bell Labs Site
New York Times
HOLMDEL, N.J. — Decades before the first smartphone, researchers at Bell Labs in central New Jersey developed the technology that ushered in the digital age.
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Detroit to get $300 million in federal help - CNNMoney

Detroit to get $300 million in federal help - CNNMoney | Detroit | Scoop.it
KOMO News
Detroit to get $300 million in federal help
CNNMoney
None of this money will go to help reduce the staggering debt that forced its July bankruptcy filing.

Via Skip Boykin
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Fund by fund, metro Detroit rising as an 'epicenter' of venture capital

Fund by fund, metro Detroit rising as an 'epicenter' of venture capital | Detroit | Scoop.it

Detroit Venture Partners LLC, a venture capital firm that has filled the Madison Building in downtown Detroit with startup software companies, has closed on a first round of nearly $21 million as it raises its first formal fund.

But DVP has ambitions far beyond what it can accomplish with $21 million. It hopes to finish its first fund at $60 million this year or early next year and soon after that begin raising a second fund of $120 million or more.

"The intention was never to have a boutique venture capital firm where Dan (Gilbert) and I would just invest our money. We always intended to build a firm that can stand with the Draper Fisher Jurvetsons," said managing partner Josh Linkner, referring to one of the brand names of Silicon Valley. "We want to build a nationally known firm with a Midwest focus."

Until now, DVP -- launched in November 2010 by Linkner, the founder of ePrize Inc.; Quicken Loans Inc. founder Gilbert; and Brian Hermelin, co-founder and chairman of Rockbridge Growth Equity LLC, a private equity firm in Detroit -- had raised money as needed from its partners to invest in its portfolio companies.

DVP's closing continues a flurry this year of VC-related activity in and near Detroit.

 

To read the full article, click on the title.

 

Get your Free Business Plan Template here:

http://bit.ly/1aKy7km


Via Marc Kneepkens
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Marc Kneepkens's curator insight, September 29, 2013 12:45 PM

Good to see Detroit move forward in the VC world. The area has had its share of setbacks. The human spirit is immensely creative. 

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Don't Let Bankruptcy Fool You: Detroit's Not Dead

Don't Let Bankruptcy Fool You: Detroit's Not Dead | Detroit | Scoop.it
The city's fiscal crisis is an opportunity to harness the region's economic promise.

Via Seth Dixon
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Seth Dixon's curator insight, July 22, 2013 2:29 PM

Earlier this week when Detoit filed for bankruptcy I posted that Detroit has failed as a major U.S. city.  While Detroit's days of being the 4th largest city in the U.S. and a prominent industrial center are over, that doesn't equate with the total economic ruin of the region.  Some are seeing this as an opportunity for for their businesses build a new Detroit out of Motown's ashes, foster regional collaboration and restructure the economic base of the city.  The region is still rich with resources.  


Tags: urban, economic, industry, Detroit

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Burger Joint to Pay Employees $15-an-Hour Because ‘It Just Feels Human’

Burger Joint to Pay Employees $15-an-Hour Because ‘It Just Feels Human’ | Detroit | Scoop.it
The owners of a burger restaurant in Detroit know that working in the fast food industry is hard work.
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MI: Merit Lights More REACH-3MC II Network In The UP | CBS Detroit

MI: Merit Lights More REACH-3MC II Network In The UP | CBS Detroit | Detroit | Scoop.it

Some of the most remote places in Michigan’s Upper Peninsula now have Internet access that can be measured in gigabits per second.

 

Merit Network Inc., Michigan’s supplier of fast Internet service to government, schools and nonprofits, announced completion of three significant segments of its Round II REACH-3MC fiber-optic network build-out in the Upper Peninsula — St. Ignace to Watersmeet, Watersmeet to Houghton, and Powers to Menominee.

 

Merit has completed construction on these segments and activated optical network equipment that is used to “light” the newly installed fiber to provide service.

 

“I am proud to announce fiber continuity and lit service over such a substantial portion of the Upper Peninsula,” said Michael Milliken, director of network engineering and operations, Merit Network.

 

Added Jim Lundberg, Upper Peninsula member relations manager for Merit: “The segments announced today provide an additional 445 miles of critical network infrastructure in the UP. The community anchor institutions connected are located in some of the most remote areas of our state. The success of Merit’s outreach and the REACH-3MC project in the UP is enabling these institutions the ability to do some truly amazing things from an IT and connectivity standpoint.”

 

The fiber-optic cable lit Wednesday is part of the Round II REACH-3MC “mainline.” Led by Merit Network, the goal of REACH-3MC is to construct fiber-optic infrastructure that connects community anchor institutions (schools, libraries, health care, government, public safety) by way of “laterals,” or spurs from the mainline.

 

Click headline to read more--


Via Chuck Sherwood, Senior Associate, TeleDimensions, Inc
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Detroit RoboCop Statue To Be Unveiled Next Year - Huffington Post

Detroit RoboCop Statue To Be Unveiled Next Year - Huffington Post | Detroit | Scoop.it
The Guardian
Detroit RoboCop Statue To Be Unveiled Next Year
Huffington Post
DETROIT — Creators of a Detroit statue of the fictional crime-fighting cyborg RoboCop say they plan to unveil it next summer.
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Detroit to receive federal help in wake of bankruptcy - Los Angeles Times

Detroit to receive federal help in wake of bankruptcy - Los Angeles Times | Detroit | Scoop.it
Detroit to receive federal help in wake of bankruptcy Los Angeles Times As creditors and citizens continue to tussle over Detroit's bankruptcy in court, the Obama administration says it will free up $300 million in funding for the troubled city to...
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Detroit's bankruptcy: Broke city, broken management - Detroit Free Press

Detroit's bankruptcy: Broke city, broken management - Detroit Free Press | Detroit | Scoop.it
Detroit's bankruptcy: Broke city, broken management
Detroit Free Press
Dealing with the City of Detroit can seem like a throwback to a less efficient, pre-wired age.
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In Detroit, a Case of Selling Art and Selling Out

In Detroit, a Case of Selling Art and Selling Out | Detroit | Scoop.it
The recent suggestion that the City of Detroit, which owns the Institute of Arts’ building and collection, should sell some of the art to help cover municipal debts would be a betrayal of public trust and donors’ bequests.
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Eminem: The Quiet Pioneer

Eminem: The Quiet Pioneer | Detroit | Scoop.it
Eminem is a marketing genius. (RT @ComplexMag: Eminem, Quiet Pioneer: How the Detroit MC is a marketing genius––on the low.
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Science center ready for new start: Debt-free, center shoots for $2M in revenue - Crain's Detroit Business

Science center ready for new start: Debt-free, center shoots for $2M in revenue - Crain's Detroit Business | Detroit | Scoop.it
Science center ready for new start: Debt-free, center shoots for $2M in revenue Crain's Detroit Business Buoyed by promising operating results during the first half of the year and a clean financial sheet, the Michigan Science Center has launched a...

Via VERONICA LESTER
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