Redmond-based Micronics Inc., which is developing products that detect and diagnose disease, has raised a new round of funding from the Southwest Michigan First (SWMF) Life Science Fund.
Micronics said the new funding, plus a previous round of funding raised from private investors earlier this year, is expected to total $9 million.
Micronics is developing disposable devices that can test biological and environmental samples faster than current molecular diagnostic tests.
The $50 million Southwest Michigan First Life Science Fund is a venture fund that invests in early stage life science companies that are “committed to establishing a presence” in the southwest Michigan region.
– Eric Engleman, eengleman@bizjournals.com
1 response so far ↓
1 Kyle Mulka // Oct 16, 2008 at 12:44 pm
If they are based in Redmond, when are they planning to establish a presence in the southwest Michigan region? Or have they already? I grew up in Michigan, graduated from the University of Michigan, and now am out in Seattle working for Amazon.
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