- Posted July 23, 2015
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Fund provides $275,000 to five startup companies
DETROIT (AP) - A Macomb Community College and JPMorgan Chase program has given $275,000 to five Detroit-area startups as part of an effort to help stimulate economic development and job growth.
Two Ann Arbor businesses received $100,000 each from the Innovation Fund. MyFab5 streamlines social media marketing for restaurants. TurtleCell produces a smartphone case with retractable headphones.
AQUASIGHT of Rochester Hills, GAP Quality Systems of Southfield and KTISIS of Sterling Heights each received $25,000.
AQUASIGHT improves water pumping systems. GAP Quality Systems is an automated auto parts inspection system. KTISIS is a composite container system that enables fleet vehicles to use compressed natural gas or liquefied gas.
The effort is part of JPMorgan Chase's $100 million commitment to Detroit's economic recovery.
The companies are required to provide internships for Macomb Community College students.
Published: Thu, Jul 23, 2015
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