Michigan pre-seed fund invests in electronic medical records, eye-based disease detection

ANN ARBOR, Michigan –Two Michigan life science companies — one that caters to online medical records and the other focused on early disease detection — on Wednesday received more than $200,000 each in seed funding.

OcuSciences, a University of Michigan spinoff, received $250,000. It’s developing a product to use images from the eye to detect diseases, such as diabetes, earlier than current methods. White Pine Systems received $225,000 to develop its Web-based service, which stores and manages information such including medical records.

The funding comes via the state-supported Michigan Pre-Seed Capital Fund, which gives loans and equity investments to early-stage high-tech companies.

Chris Seper

Chris Seper is the president and a co-founder of MedCity News. Reach him at chris@medcitynews.com.

Tags: Business, dealflow, Michigan Pre-Seed Capital Fund, OcuSciences, SPARK, Venture capital, White Pine Systems

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[...] development of a product before its ready for sale. Two life science companies recently received more than $200,000 through the fund’s equity-investment program. Share and [...]

Comment by West Michigan group to review state’s life-science micro-loan applications : MedCity News — May 25, 2009 @ 9:58 am