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LDFA Board Meeting

October 14, 2014


8:15 am to 10:15 am
City of Ann Arbor
301 E. Huron Street, Ann Arbor, MI 48104
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I. Call to Order

II. Public Comment
Public comment shall be allowed at all meetings. An individual may speak for up to three (3)
minutes on any item listed on the Agenda. The Chair may extend an individuals speaking
time in his/her discretion. Public comment on non-agenda items may be limited in the Chairs
discretion.
III. Approval of the Agenda

IV. Approval of the Minutes
a. September 16, 2014 Regular Board Meeting

V. LDFA Chairs Report

VI. LDFA Treasurers Report
a. LDFA Financial Report 1
st
quarter FY2015

VII. Reports from Service Providers
a. SPARK Report 1
st
quarter FY2015

VIII. Other Business
a. LDFA TIF extension update

IX. Motion to Adjourn

1




Ann Arbor-Ypsilanti Smart Zone Local Development Finance Authority
MINUTES for September 16, 2014 REGULAR BOARD MEETING

Ann Arbor City Hall Council Chambers
301 E. Huron Street, Ann Arbor, MI 48104

Members Present: Carrie Leahy, Eric J acobson, Stephen Rapundalo, Sally Petersen,
Caryn Charter, Tom Crawford Ex-officio, Skip Simms-Accelerator Ex-officio

Members Excused: Richard Beedon, Vince Chmielewski, Bilal Saeed, Ned Staebler,
Paula Sorrell-MEDC Ex-officio

Others Present: Representatives of SPARK


I. CALL TO ORDER:
Chair Leahy called the meeting to order at 8:29 am. A quorum was present.

II. PUBLIC COMMENT:
There was no public comment.

III. APPROVAL OF THE AGENDA:
Rapundalo moved, seconded by J acobson, to approve the agenda for this meeting
in the form presented at this meeting. Motion approved unanimously.

IV. MOTIONS & RESOLUTIONS:
Minutes of the June 17, 2014 Regular Board Meeting, Jul y15, 2014 Regular
Board Meeting, and August 21, 2014 Special Board Meeting:
Rapundalo moved, seconded by Charter, to approve the minutes of the meetings in
the form presented at this meeting. Motion approved unanimously.

V. LDFA CHAIRS REPORT:
Discussed with board the recent actions by Ann Arbor and Ypsilanti City Councils to
approve a satellite Smartzone agreement; thereby meeting a qualification for a 15
year extension of the Ann Arbor/Ypsilanti SmartZone LDFA. The Board also
discussed the comments provided to Chair & Treasurer at the September 8, 2014
Council Working Session for the City of Ann Arbor.

VI. LDFA TREASURERS REPORT:
Treasurer J acobson reviewed the 4
th
Quarter FY2014 LDFA Financial Report.

VII. REPORTS FROM SERVICE PROVIDERS:
2
Ex-Officio Simms reviewed the SPARK 4
th
quarter 2014 report and the Annual
Report for FY2014.

VIII. OTHER BUSINESS:
a. Election of officers for FY2014 - J acobson nominated Carrie Leahy as
Chair, seconded by Charter. Motion approved unanimously. Leahy
nominated Charter as Vice-chair, seconded by Rapundalo. Motion approved
unanimously. J acobson nominated Rapundalo as Treasurer, seconded by
Charter. Motion approved unanimously.
b. Committee Appointments The committee positions are as follows:
Audit Rapundalo (chair), J acobson, Chemielewski, Crawford
Budget/Contract Rapundalo (chair), Leahy, Petersen, J acobson,
Simms
Metric - Beedon (chair), Staebler, Saeed, Crawford, Simms, Sorrell
Strategic Planning Staebler (chair), Saeed, Chmielewski, Crawford,
Simms, Beedon

IX. ADJOURNMENT:
Meeting was adjourned at 10:00 am.

Respectfully Submitted,
Tom Crawford, Secretary
3
Smartzone Financial Report 09.30.14
Smart Zone LDFA
FY 2015 FINANCIAL SUMMARY
September 30, 2014
BUDGET
Forecast
ACTUAL Estimate Estimate Estimate vs Budget
Q1 Q2 Q3 Q4 Full Year Amount Good/(Bad)
INCOME STATEMENT
Revenues:
Tax Revenue 1,352,180 $ 102,910 $ 514,548 $ 138,798 $ 2,108,436 $ 2,058,192 $ 50,244 $
Miscellaneous - - - - - - - $
Investment Income 3,229 4,726 3,637 3,657 15,249 12,940 2,309 $
Total Revenues 1,355,409 $ 107,635 $ 518,185 $ 142,456 $ 2,123,685 $ 2,071,132 $ 52,553 $
Expenditures:
Contracted Services
SPARK BA Direct Staffing 105,000 $ 105,000 $ 105,000 $ 105,000 $ 420,000 $ 420,000 $ - $
Phase II (Due Diligence) 4,200 6,933 6,933 6,933 25,000 25,000 - $
Phase III (Intensive Service) 125,850 141,383 141,383 141,383 550,000 550,000 - $
Phase IV (Accelerating Opportunities) 26,775 16,075 16,075 16,075 75,000 75,000 - $
Business Networking Events 11,430 9,523 9,523 9,523 40,000 40,000 - $
Entrepreneurial Education 2,907 19,864 19,864 19,864 62,500 62,500 - $
Entrepreneurs Bootcamp 12,500 12,500 12,500 12,500 50,000 50,000 - $
Internship Support & Talent Training 36,650 54,450 54,450 54,450 200,000 200,000 - $
Business Software for Clients 5,247 4,918 4,918 4,918 20,000 20,000 - $
Total Contracted Services 330,558 370,647 370,647 370,647 1,442,500 1,442,500 $ - $
SPARK Indirect Services
SPARK Central Business Incubator 47,557 50,814 50,814 50,814 200,000 200,000 $ - $
SPARK Central Incubator Expansion - 15,000 15,000 - 30,000 30,000 $ - $
SPARK Accounting 17,125 17,125 17,125 17,125 68,500 68,500 0 $
SPARK Marketing 17,866 44,045 44,045 44,045 150,000 150,000 - $
82,548 126,984 126,984 111,984 448,500 448,500 $ 0 $
City of Ann Arbor Services
Legal & Admin. Support 12,774 32,774 12,774 23,406 81,728 89,271 7,543 $
Total Expenditures 425,881 $ 530,405 $ 510,405 $ 506,037 $ 1,972,728 $ 1,980,271 $ 7,543 $
Net Increase/Decrease 929,528 $ (422,770) $ 7,780 $ (363,582) $ 150,957 $ 90,861 $ 60,096 $
Memo:
Fund Balance (6/30/2014) 905,766 $
Fund Balance - Operations (Qtr End) 1,835,294 $ 1,412,524 $ 1,420,305 $ 1,056,723 $ 1,056,723 $ 996,627 $
Microloan: available to be loaned 237,245 $ 248,285 $ 237,374 $ 164,849 $
4
Smartzone Financial Report 09.30.14
Fiscal Year
Incurred Billed Measureable
Category Mo. Qtr Year Qtr Unit Descrip. Number Amount
SPARK BA Direct Staffing J uly 1 2014 1 Direct Staff 35,000.00 $
Phase II (Due Diligence) J uly 1 2014 1 Hours 32.00 3,200.00 $
Phase III (Intensive Service) J uly 1 2014 1 Hours 296.15 29,727.50 $
Phase IV (Accelerating Opportuniti J uly 1 2014 1 Hours 250.00 25,000.00 $
SPARK Central Business IncubatoJ uly 1 2014 1 Facility Exp 12,786.44 $
SPARK Accounting J uly 1 2014 1 Accting Svc 5,708.33 $
SPARK Marketing J uly 1 2014 1 Marketing 3,138.76 $
Entrepreneurial Education J uly 1 2014 1 Events 448.00 $
Business Networking Events J uly 1 2014 1 Events 4,085.61 $
Internship Support & Talent TraininJ uly 1 2014 1 14,016.23 $
Legal & Admin. Support J uly 1 2014 1 Legal - TIF extension 1,770.00 $
SPARK BA Direct Staffing Aug 1 2014 1 Direct Staff 35,000.00 $
Phase II (Due Diligence) Aug 1 2014 1 Hours 32.00 1,000.00 $
Phase III (Intensive Service) Aug 1 2014 1 Hours 296.15 82,038.58 $
Phase IV (Accelerating Opportuniti Aug 1 2014 1 Hours 250.00 675.00 $
SPARK Central Business IncubatoAug 1 2014 1 Facility Exp 18,080.50 $
SPARK Accounting Aug 1 2014 1 Accting Svc 5,708.33 $
SPARK Marketing Aug 1 2014 1 Marketing 4,845.79 $
Entrepreneurial Education Aug 1 2014 1 Events 349.00 $
Business Networking Events Aug 1 2014 1 Events 3,668.98 $
Internship Support & Talent TraininAug 1 2014 1 13,697.38 $
Business Software for Clients Aug 1 2014 1 1,497.00 $
Legal & Admin. Support Aug 1 2014 1 Legal - TIF extension 2,925.00 $
SPARK BA Direct Staffing Sept 1 2014 2 Direct Staff 35,000.00 $
Phase III (Intensive Service) Sept 1 2014 2 Hours 132.65 14,083.75 $
Phase IV (Accelerating Opportuniti Sept 1 2014 2 Hours 11.00 1,100.00 $
SPARK Central Business IncubatoSept 1 2014 2 Facility Exp 16,690.35 $
SPARK Accounting Sept 1 2014 2 Accting Svc 5,708.33 $
SPARK Marketing Sept 1 2014 2 Marketing 9,881.65 $
Entrepreneurial Education Sept 1 2014 2 Events 2,110.00 $
Business Networking Events Sept 1 2014 2 Events 3,675.04 $
Internship Support & Talent TraininSept 1 2014 2 8,936.01 $
Entrepreneurs Bootcamp Sept 1 2014 2 12,500.00 $
Business Software for Clients Sept 1 2014 2 3,750.00 $
Legal & Admin. Support Sept 1 2014 1 Legal: Adrian-Techumseh ag 3.75 1,125.00 $
5
Funds
Raised
$4.574 M
investments & grants
Jobs
16 250
jobs created current FTEs


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Ann Arbor SPARK works to advance the economy of the Ann Arbor region by establishing the area as a desired place for business
expansion and location... by identifying and meeting the needs of business at every stage, from those that are established to those
working to successfully commercialize innovations.
For more information visit: www.annarborusa.org
First Quarter
2014-2015
69
Companies
Served
3
Companies
Created
$189K
Support
for
companies
621
Event
Attendees
6
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"#$%&'()* "+)&,)-
1he followlng companles were creaLed as a resulL of our lnvolvemenL per Lhe deflnlLlon llsLed ln Lhe glossary.
Un|q ID Company Descr|pt|on
7219 nano-sensor Lechnology applled Lo Lhe hog farm verLlcal.
7216
Web based elecLronlc servlce LhaL asslsLs denLal offlces Lo send and recelve flles ln a secure & PlAA
compllanL manner.
7223 Cnllne servlce hlghllghLlng currenL lnvesLmenL opporLunlLles looklng for fundlng.
.##, "&$%
Ann Arbor SA8k held Lhe klckoff of lLs 23
Lh
LnLrepreneur 8ooL Camp SepLember 16
Lh
. 1he acLual evenL wlll Lake
place CcLober 8
Lh
and 9
Lh
aL 1he kenslngLon CourL ln Ann Arbor. 8ooL Camp lnLegraLes Lhe Lean SLarLup
MeLhodology lnLo lLs currlculum Lo help our early sLage companles assess and valldaLe Lhe feaslblllLy of Lhelr
buslness concepL, bulld Lhelr buslness model, and flnd beLa cusLomers. Companles are gulded by a drlll lnsLrucLor"
and are maLched wlLh menLors Lo asslsL wlLh Lhelr presslng sLarL-up needs and Lo share resources ln Lhelr
lndusLrles.
Un|q ID Company Descr|pt|on
72S3 AccounLlng sofLware.
677S# SLudenL loan markeLplace and clearlnghouse for besL deals.
72S1#* MenLal healLh and wellness moblle phone appllcaLlon.
7240 lnLegraLed SupermarkeL purchaslng and orderlng app.
3118# !olnL venLure Lo develop foams uslng non-peLroleum sources, parLlcularly ln llfe sclence lndusLry.
7223#^ Cnllne servlce hlghllghLlng currenL lnvesLmenL opporLunlLles looklng for fundlng.
7241# Legal e-bllllng and maLLer managemenL sysLem.
7224 Adheslve medlcal sLrlps Lo organlze and hold surglcal equlpmenL.
7208 App LhaL allows users Lo order food and drlnks wlLhln a buslness.
6670 SmarLphone lnLegraLed vldeo doorbell.
7238#* Comprehenslve map and donaLlon moblle app plaLform for museums.
72S2 SmarL helmeL deslgner.
*unlverslLy of Mlchlgan 1echnology #8ecelved LulA fundlng ^Company CreaLed
7
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/#+0 122#$%3(*4)-
!"#$%& ()* +*%),+,- ./ 0.#1()+%2 +) %(03 13(2%4 15"2 &%5%6(), (21%0,2 ./ 0.##%&0+(5+7(,+.)

Seven hase l companles were referred ouL due Lo Lhelr locaLlon or noL meeLlng buslness Lype crlLerla, Lhree were
locaLed ouLslde Lhe Ann Arbor ClLy llmlLs.

54) 6#33#7('8 2#$%&'()* +)2)(9)- :4&*) ;; <=) <(3(8)'2) &**(*,&'2) ,4(* >=&+,)+?

Un|q ID Company Descr|pt|on I1L 8|||ed Support
6S89 luA-approved llghL Lherapy devlce Lo LreaL paln. 2 $200.00
6867
WorksLaLlon wlLh wasLe grlnder and proprleLary hlgh-pressure wasLe mlcronlzer,
reduclng Lhe parLlcle slze of food wasLe maklng lL hlghly dlgesLlble Lo bacLerla.
1 $1,000.00
7202
SporLs fandom compeLlLlon, Lracklng and soclal medla lnLegraLlon smarL phone
app.
3 $1,000.00
71S4
SofLware Lo manage Lhe capLure and remoLe analysls of reLlnal lmages Lo
dlagnose eye dlseases.
2 $1,000.00
411S
redlcLlve LransporLaLlon algorlLhm company developlng SaaS producLs and
lnLegrable web servlces for LransporLaLlon and loglsLlcs lndusLrles.
3.3 $1,000.00
Grand 1ota|s (S records) 11.S 54,200.00

54) 6#33#7('8 2#$%&'()* +)2)(9)- :4&*) ;;; 3)9)3 *=%%#+,?

Company Descr|pt|on ro[ect Descr|pt|on I1L 8|||ed Support
Un|q ID: 4132

4 $2,730.00
A medlcal devlce for Lhe fleld of
hlsLology LhaL auLomaLes a process
used ln Llssue dlagnosLlcs.
llle Lwo uS aLenLs and Lwo responses Lo offlce
acLlons.
$2,730.00
Un|q ID: 4791

8 $32,730.00
ConsolldaLed evenL plannlng and
managemenL sofLware plaLform.
llnanclal Modellng for 8L analysls & revenue
share LargeLs. negoLlaLe Lerms of sLraLeglc
parLnershlp.

$6,000.00
8e-deslgn and developmenL of user experlence
and user lnLerface, new logo and rebrand.

$7,000.00

$3,730.00
uevelop forecasL meLhodology, operaLlons plan,
prlclng model, lnvesLor plLch deck, and producL
developmenL road map.

$7,000.00

$7,000.00
Un|q ID: 63SS

1 $7,390.00
lnnovaLlve MarkeLlng plaLform.
llnanclal modellng, lnvesLor plLch, fundlng
sLraLegy.
$3,940.00

$3,630.00
Un|q ID: 63S6

1 $4,000.00
8
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Company Descr|pt|on ro[ect Descr|pt|on I1L 8|||ed Support
A new markeLlng-based, plaLform-
agnosLlc, real-Llme medla alerL
soluLlon.
uevelop soclal fllLerlng concepL, buslness model,
producL poslLlonlng, supporL creaLlon of pre seed
fund appllcaLlon, roadmap and developmenL
plannlng.

$3,030.00

$930.00
Un|q ID: 63S8*

3 $3,493.00
ueveloper of a smarL phone case LhaL
reLracLs and sLores a user's
headphones/ear buds wlLhln a sllm
proflle case.
ueslgn SpeclflcaLlons and Lolerance consulLlng for
manufacLurlng preparaLlon.
$3,493.00
Un|q ID: 6S18*

2 $187.30
CreaLor of an eye drop asslsL devlce.
CorporaLe enLlLy creaLlon, negoLlaLlon and
reasslgnmenL of l from uM, creaLe nuAs.
$187.30
Un|q ID: 6621

2 $823.00
A plaLform for Lool owners Lo lease
Lhelr Lools Lo nearby renLers ln Lhelr
area.
Secure munlclpal beLa-LesLers, develop plpellne
and advlsor neLwork, search for sLaLe and federal
fundlng.

$823.00
Un|q ID: 677S

2 $330.00
SLudenL loan markeLplace and
clearlnghouse for besL deals.
8esearch vlablllLy of plaLform, ldenLlfy beLa
LesLers, and asslsL wlLh plLch Lo LargeLs.
$330.00
Un|q ID: 6778

3 $7,273.00
Cn-llne seeker-solver neLwork LhaL
allows SLarL-up 1eams (Seekers) Lo
access crowd-sourced roducL-MarkeL
llL SoluLlons.
8edeslgn homepage and corporaLe logo.

$1,903.00

$3,370.00
Un|q ID: 6804

2 $22,918.73
Supply Chaln ueclslon Maklng
plaLform LhaL can vlsuallze and
compare supply chaln ldeas ln real-
Llme.
ueslgn and lmplemenLaLlon of user access, model
and scenarlo navlgaLlon, daLa lnLeracLlon meLhods
for reference daLa seLs, lnLeracLlons wlLh excel,
qulck acLlons wlLhln webpage.

$20,000.00
MarkeLlng and promoLlonal vldeo producLlon.

$1,918.73
Craphlc deslgn for webslLe and presenLaLlon
maLerlals.
$1,000.00
Un|q ID: 6834*

1 $10,100.00
ueveloper and manufacLurer of hlgh-
resoluLlon sensors used for near real-
Llme dlagnosLlcs ln lood paLhogen
LesLlng.
lundralslng, developmenL plan, plLch deck.

$4,233.00

$3,863.00
Un|q ID: 68S9

4.3 $11,793.38
roprleLary learnlng plaLform Lo sell
professlonal developmenL Lralnlng
courses.
vldeos, anlmaLlon, webslLe developmenL.

$4,890.00

$2,433.38

$1,770.00

$2,700.00

$2,840.00
Un|q ID: 6919

4 $3,300.00
9
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Company Descr|pt|on ro[ect Descr|pt|on I1L 8|||ed Support
lnLerneL-based program Lo manage
sLress.
AssessmenL of key opporLunlLles based on
exLernal audlL and compeLlLlve assessmenL.

$2,000.00

$1,300.00
Un|q ID: 7032

2 $3,800.00
1echnology Lo lsolaLe cells from
complex mlxLures.
MarkeL research, segmenLaLlon analysls, proflle
markeL dynamlcs.

$2,700.00

$1,100.00
ConsulLaLlon and asslsLance regardlng
caplLallzaLlon Lable, operaLlng agreemenL,
sLraLeglc parLnershlps, and nuAs.

$2,000.00
Un|q ID: 7117

1 $3,300.00
novel daLa processlng algorlLhms and
curaLed geneLlc daLabase. SofLware as
a servlce.
CorporaLe formaLlon lncludlng resoluLlons, bylaws,
sLockholder agreemenL, and caplLal sLrucLure.
$3,300.00
Un|q ID: 7147

10 $4,690.00
LxLreme sporL and arena creaLor.
Co-Lo-markeL asslsLance lnvolvlng deLermlnaLlon
of markeL slze, segmenLaLlon, LargeL markeL,
develop sLraLegy for dlsLrlbuLor neLwork.

$1,810.00
lundlng sLraLegy, lnvesLor plLch, venLure caplLal
neLworklng.

$1,190.00

$1,690.00
Grand 1ota|s (3S records)

S0.S 5123,724.83


*uenoLes unlverslLy of Mlchlgan Lechnology or uM SLudenL 1eam


54) 6#33#7('8 2#$%&'()* +)2)(9)- :4&*) ;@ *=%%#+,?

ro[ect Descr|pt|on Company Descr|pt|on I1L 8|||ed Support
Un|q ID: 2338 33 $23,000.00
Arch|tectura| Serv|ces re|at|ng to the company's new off|ce
space as we|| as var|ous coord|nat|on and perm|tt|ng
|ssues.
SofLware developmenL and
moblle appllcaLlon
developmenL company, also ln
embedded sysLems.
33 $23,000.00
Un|q ID: 7098 12 $1,773.00
Imp|ement Lntrepreneur|a| Cperat|ng System, redef|ne
company story, strateg|c market|ng p|an, tact|ca|
commun|cat|ons & market|ng mater|a|s, nk po||c|es and
procedures to support ex|st|ng emp|oyees and growth.
rovldes commerce and web-
based soluLlons. Complex web
developmenL and L8
lnLegraLlon.
12 $673.00
12 $1,100.00
Grand 1ota|s (3 records) 47 526,77S.00

10
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A:1BC ")',+&3 ;'2=D&,#+
A,&8) E') F G+#='- H3##+
lncubaLor cllenLs are charged a llcense fee per seaL, or person(s) uslng Lhe space. 1oLal number of seaLed cllenLs
(Lhose ln a cublcle wlLh secure space and full prlvlleges) ln Lhe Lower Level of SA8k CenLral lnclude flve companles
wlLh nlne seaLs occupled, 64 of capaclLy (14 seaLs) aL Lhe hlghesL peak durlng Lhls quarLer. uurlng Lhls quarLer,
one company graduaLed from Lhe lncubaLor by movlng lnLo markeL raLe offlce space ln Ann Arbor. CurrenLly,
SA8k ls pursulng aggresslve sLraLegles Lo resLore Lhe lncubaLor Lo full occupancy.


Un|q
ID
Company Descr|pt|on Start Date Lx|t Date
Incubator
Seats
I1L
428* AlLernaLe energy from Lldal currenLs. 1/1/14 12/31/14 1 3
4243
WebslLe for bulldlng consLrucLlon pro[ecL, repalr and supply
blds.
7/18/11 9/30/14 1 1
S091 lleld survey and daLa collecLlon sofLware. 9/9/13 9/13/14 4 11
6816
Cloud based SaaS LhaL provldes hourly operaLlonal
lnsLrucLlons Lo energy sysLem operaLors.
10/4/13 9/30/14 2 7
7070
Web and moblle plaLform LhaL allows lndlvlduals Lo flnd
Lhelr lmpacL on publlc healLh ouLcomes from fossll fuel
polluLlon.
3/16/14 3/31/13 1 1

Grand 1ota|s (S records) 9 2S
*uenoLes unlverslLy of Mlchlgan Lechnology or uM SLudenL 1eam




A,&8) 57# F 54(+- H3##+
1here were Lhree companles LhaL occupled Lhe shared space of Lhe SLage 1wo lncubaLor durlng CuarLer one,
accounLlng for 16 seaLs.


Un|q
ID
Company Descr|pt|on Start Date Lx|t Date
Incubator
Seats
I1L
4472*
An onllne plaLform LhaL empowers college sLudenLs Lo
showcase Lhelr work and skllls Lo sLarLups.
10/17/13 12/31/14 8 16
4S47
Advanced nanofabrlcaLlon meLhods and a novel Lhree
dlmenslonal (3u) approach Lo sensor assembly.
2/1/14 1/31/13 4 7
4791
ConsolldaLed evenL plannlng and managemenL sofLware
plaLform.
9/26/13 9/30/14 4 8

Grand 1ota|s (3 records) 16 32
*uenoLes unlverslLy of Mlchlgan Lechnology or uM SLudenL 1eam

11
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@(+,=&3 "3()',*

Un|q ID Company Descr|pt|on Start Date Lx|t Date I1L
271 8lsk ManagemenL- l1 securlLy company. 7/1/10 12/31/14 3
338 lnformaLlon and news aggregaLor and fllLer. 7/1/10 12/31/14 1
386 vlslon 1echnology w/ SporLs appllcaLlons. 8/1/13 2/1/13 6
1282*
ueveloper of Lechnologles LhaL enable lnLegraLed and sLandardlzed
assessmenLs of blood damage, parLlcularly for red blood cells.
7/1/10 12/31/14 4
2SS0 aLenL advlser. 7/1/10 12/31/14 1
2821
A flrmware appllcaLlon for collecLlng/analyzlng mulLlple paLlenL
parameLers ln an lCu ln real Llme.
9/1/10 1/31/13 2
28S4 Mlchlgan sLaLe lncubaLor assoclaLlon. 6/7/11 1/6/13 0.3
3060*
Mlnlmally lnvaslve Surglcal (MlS) Lools LhaL provlde Lhe surgeon wlLh
greaLer conLrol and lnLulLlon.
7/1/14 12/31/14 3
3221
rovlder of advanced sofLware soluLlons for sewer modellng Lo
munlclpallLles and englneerlng consulLanLs.
3/1/12 12/31/14 4
3637 1herapeuLlc for LreaLmenL of reLlnal dlseases. 8/1/13 1/31/13 2
4227
Lnglneerlng servlces, lncludlng advanced lLA, CAu, and hlgh-end
deslgn soluLlons.
3/13/11 1/12/13 2.3
4431*
AsslsLlve Lechnology Lo allow people wlLh flne moLor dlsablllLles Lo
lnLeracL wlLh Lhe moblle and Louch screen.
8/1/12 8/31/14 1
4S66 rovldes moblle appllcaLlons for large Lravel desLlnaLlons. 3/10/12 10/31/14 1
496S
PosL for Lechnology companles LhaL focus on lmprovlng Lhe quallLy of
llfe.
7/1/14 8/31/14 4
SSS7 ulglLal MarkeLlng lnLelllgence. 7/1/12 12/31/14 3
624S MagneLlc moLor LhaL ls more efflclenL Lhan currenL Lechnologles. 3/1/13 12/31/14 2
6260 hoLonlcs lndusLry assoclaLlon. 10/19/13 2/18/13 3
63S6
A new markeLlng-based, plaLform-agnosLlc, real-Llme medla alerL
soluLlon.
2/1/13 4/30/13 1
63S7
Clves muslclans Lhe opporLunlLy Lo compeLe agalnsL one anoLher and
book glgs, whlle lncreaslng Lhelr fan base.
9/3/13 3/31/13 3
63S8*
ueveloper of a smarL phone case LhaL reLracLs and sLores a user's
headphones/ear buds wlLhln a sllm proflle case.
3/1/14 9/30/14 3
6S4S
SofLware plaLform applles predlcLlve analyLlcs Lo sLraLeglc declslons
regardlng lnLellecLual properLy managemenL.
2/1/14 1/31/13 2
6S89 luA-approved llghL Lherapy devlce Lo LreaL paln. 8/21/13 9/30/14 2
6600
Medlcal devlce for vlslon enhancemenL ln persons wlLh parLlal loss of
slghL.
6/1/13 2/28/13 2
6778
Cn-llne seeker-solver neLwork LhaL allows SLarL-up 1eams (Seekers) Lo
access crowd-sourced roducL-MarkeL llL SoluLlons.
6/10/14 12/10/14 3
6899
A ConLenL ManagemenL (CM) soluLlon LhaL allows edlLlng and
publlshlng conLenL.
2/1/14 7/31/14 1
6941
Super-oxygenaLlon sysLem for wasLewaLer. lL acceleraLes Lhe growLh of
Lhe bacLerla LhaL consumes organlc wasLe.
2/1/14 12/31/14 2.3
12
!"" !$%&$ '(!)* +,- ./,01./,2 345! )67&$8 (9:6 >

Un|q ID Company Descr|pt|on Start Date Lx|t Date I1L
7046 LlecLronlcs based meLerlng and power llne communlcaLlon. 4/1/14 9/30/14 1
71S3
8raln lmaglng Servlce Lo asslsL ln Lhe developmenL of medlcaLlons or
medlcal devlces for Lhe cenLral nervous sysLem.
7/1/14 6/30/13 1
Grand 1ota|s (28 records) 64.S


*uenoLes unlverslLy of Mlchlgan Lechnology or uM SLudenL 1eam


I#*,)- J),7#+0('8 &'- K-=2&,(#'&3 K9)',*

Lvent Name Date
|ace of
Lvent
Approx. # of attendees
urpose of Lvent
L|ve-
Stream|ng
V|ews
Arch|ved
V|ews Lntrepreneurs 1ota|
Careers
Cver Coffee
6/26/2014,
4/29/2014
MlghLy
Cood
Coffee
1 41
uescrlpLlon: Careers Cver Coffee ls an
evenL for LalenL seeklng opporLunlLles
for Lhemselves.
nA nA
Ann Arbor
CpenCoffee
9/9/2014,
7/8/2014,
8/12/2014
SA8k -
CenLral
39 96
uescrlpLlon: 1hls ls a neLworklng evenL
for enLrepreneurs, lnvesLors and Lhose
who work wlLh lnnovaLlve buslnesses.
Come mlngle wlLh fellow communlLy
members whlle en[oylng a bagel and
coffee. WheLher you are looklng Lo
meeL poLenLlal employers, employees,
new buslness parLners, or [usL slmply
wanL Lo expand your neLworks, Lhls
evenL fosLers connecLlons on all levels.
CpenCoffee ls held monLhly on Lhe
second 1uesday aL SA8k CenLral.
nA nA
M|ch|gan
Market|ng
M|nds
9/9/2014,
7/8/2014,
8/12/2014
SA8k -
CenLral
39 83
Speakers: Chrls kochmanskl,
ueslgnPub (ModeraLor), Shawn
Crowley, ALomlc Cb[ecL and vl
kellersohn, 1C. /uescrlpLlon: 1hls ls a
monLhly panel dlscusslon and
neLworklng evenL Lo faclllLaLe
collaboraLlon and neLworklng among
pracLlLloners, pollcy makers, lnvesLors
and professlonals.
3 9
M|ch|gan
Lnergy
Iorum
|ann|ng
Meet|ng
08/13/14
SA8k -
CenLral
6 13
Speakers (none)/uescrlpLlon: Annual
8oard and lannlng MeeLlng of Lhe
Mlchlgan Lnergy lorum whose mlsslon
ls Lo faclllLaLe collaboraLlon and
neLworklng among pracLlLloners, pollcy
makers, lnvesLors and LalenL.
nA nA
13
!"" !$%&$ '(!)* +,- ./,01./,2 345! )67&$8 (9:6 ?

Lvent Name Date
|ace of
Lvent
Approx. # of attendees
urpose of Lvent
L|ve-
Stream|ng
V|ews
Arch|ved
V|ews Lntrepreneurs 1ota|
M|ch|gan
Lnergy
Iorum
09/11/14
SA8k -
CenLral
21 78
Speakers: nlcholas Cuclnelll, 1ech
1ransfer 1alenL neLwork (ModeraLor),
!areLL ulamond, Creen 8rewery
ro[ecL, 8ene Creff, Arbor 8rewlng
Company + Corner 8rewery, Shawn
and Aaron Crose, Wlndmlll olnLe
8rewlng Company, 1odd Passelbeck,
urposeLnergy, lnc. and krls Spauldlng,
8rewery vlvanL. /uescrlpLlon: 1hls ls a
monLhly panel dlscusslon and
neLworklng evenL Lo faclllLaLe
collaboraLlon and neLworklng among
pracLlLloners, pollcy makers, lnvesLors
and professlonals.
2 0
8us|ness
Law &
Crder
07/21/14
SA8k -
CenLral
10 20
Speakers: Speakers: 8uss 8rown, 8u
8rown LC, Mark Malven, uykema
CosseLL LLC, !eremy u. 8lsdorf, !affee,
8alLL Peuer & Welss, .C., !oseph 8.
Morrlson, !r., Ponlgman Mlller
SchwarLz and Cohn LL, Andrew
8ossory, Lorandos !oshl, Lrane
WashlngLon, Lrane C. WashlngLon-
kendrlck, LLC and Carrle Leahy,
8odman LL /uescrlpLlon: 8uslness
Law & Crder Serles wlll glve
enLrepreneurs lnslghL lnLo some of Lhe
mosL lmporLanL legal lssues Lhey musL
conslder durlng buslness formaLlon.
nA nA
8|oArbor 09/18/14
nC8C -
8ulldlng 10
40 79
Speaker: Carol Callagher, harmu
lormer CLC of CallsLoga
harmaceuLlcals. /uescrlpLlon:
8loArbor hosLs educaLlonal neLworklng
evenLs for Lhe llfe sclences lndusLry ln
Lhe CreaLer Ann Arbor Area. Lach
meeLlng feaLures a neLworklng sesslon
and an lnvlLed speaker(s) followed by a
C&A sesslon.
nA 0
8A
Consu|tants
Meet|ng
9/19/2014,
8/13/2014
SA8k -
CenLral
17 31
uescrlpLlon: MonLhly 8uslness
AcceleraLor ConsulLanLs meeLlng Lo
updaLe consulLanLs on SA8k and
revlew pro[ecLs.
nA nA
I1 Leader's
Counc||
08/18/14
8arracuda
neLworks
0 48
uescrlpLlon: A selecL lnvlLaLlon llsL of l1
leaders around Lhe Ann Arbor area
lncludlng SA8k LenanLs and 8uslness
uevelopmenL companles gaLhered Lo
work LogeLher Lo ensure Lhe reglon
conLlnues Lo generaLe Lhe LalenL Lo
help Lhe companles grow.
nA nA
M|ng||ng
w|th the
Masters
08/26/14
SA8k -
CenLral
13 49
uescrlpLlon: 1hls evenlng ls a unlque
opporLunlLy for Lhe area's buslness and
local communlLy leaders Lo mlngle
nA nA
14
!"" !$%&$ '(!)* +,- ./,01./,2 345! )67&$8 (9:6 @

Lvent Name Date
|ace of
Lvent
Approx. # of attendees
urpose of Lvent
L|ve-
Stream|ng
V|ews
Arch|ved
V|ews Lntrepreneurs 1ota|
wlLh Lhe unlverslLy's nexL generaLlons
of enLrepreneurs.
Crn|cept
Incubator
1enant
Graduat|on
09/19/14
SA8k -
CenLral
16 22
uescrlpLlon: CrnlcepL moved Lo lLs new
offlce aL 33 8esearch urlve, SulLe 400,
Ann Arbor, Ml 48103 as of Monday,
SepLember 13, 2014. SA8k held a
CraduaLlon lzza arLy aL 11:30am.
nA nA
M|ng|e 'n'
Match
09/17/14
SA8k -
CenLral
26 61
uescrlpLlon: Mlngle wlLh oLher
enLrepreneurlal-mlnded sLudenLs and
communlLy members and flnd Leam
members. 1he evenL beglns wlLh
lnformal mlngllng, followed by a serles
of one-mlnuLe plLches by Lhose
lnLeresLed ln flndlng Leam members.
nA nA
1ota|s 2S0 621 S 9
L(2+#3#&'*
AccuraLe as of 9/30/14

M|cro Loans G|ven Cut 5(1,118,461.00)
kepayments

$342,413.00
M|sc. expenses $(19,343.00)
8ank 8a|ance

5 193,308.00


Number of
Loans to
Date
1ota| Va|ue of
Loans rov|ded to
Date
# Cf Loans
Wr|tten Cff
|n Iu||
# Cf Loans
art|a||y
Wr|tten Cff
Va|ue of Loans
Wr|tten Cff -
Inc|ud|ng Interest
Loans a|d
8ack |n
Iu||
art|a| ayments
of Loans
Loan Amount kepa|d
to Date - Inc|ud|ng
Interest
33 $1,118,460 4 2 $130,429 6 3 $342,413

L(2+#3#&' J#,)*?

1oLal loans due ls $883,633, lncludlng lnLeresL accrued Lhrough 12/31/2013.
AmounL avallable Lo lend ls $198,308.
1oLal currenL l1L for mlcroloan companles: 133.
!obs reLalned durlng Lhe Lerm of Lhe loans: 74, [obs creaLed: 36.
uurlng Lhls conLracL quarLer, Lhere were 2 appllcanLs, 0 were approved for a loan.
15
!"" !$%&$ '(!)* +,- ./,01./,2 345! )67&$8 (9:6 ,/

;',)+'*4(% M K',+)%+)')=+N;'NB)*(-)'2) :+#8+&$*
K',+)%+)')=+N;'NB)*(-)'2) :+#8+&$
lour companles are currenLly engaged ln Lhe enLrepreneur-ln-resldence program. 1hls program ls deslgned Lo
aLLracL and reLaln C-level lndlvlduals Lo add subsLanLlal value Lo our companles, as well as provlde Lo an
lnLroducLlon mechanlsm Lo help Lhem achleve slgnlflcanL mllesLones.

Un|q
ID
Company Descr|pt|on
8|||ed
Support
I1L
428* AlLernaLe energy from Lldal currenLs. $6,100.00 3
6621 A plaLform for Lool owners Lo lease Lhelr Lools Lo nearby renLers ln Lhelr area. $3,412.30 2
6897 SofLware for Lransformlng a group of manuscrlpL flles $7,173.00 1
6834*
ueveloper and manufacLurer of hlgh resoluLlon sensors used for near real-Llme
dlagnosLlcs ln lood paLhogen LesLlng
$3,800.00 1
Grand 1ota|s (4 records) 522,487.S0 9

*uenoLes unlverslLy of Mlchlgan Lechnology

;',)+' :+#8+&$
1he Ann Arbor SA8k lnLernshlp program provldes up Lo $3000 of maLchlng funds Lo a quallfled, growlng company
Lo asslsL wlLh Lhe shorL-Lerm cosLs of brlnglng on addlLlonal sLaff. 1hls provldes a de-rlsked way Lo Lry ouL a
poLenLlal permanenL addlLlon Lo Lhe Leam- an opporLunlLy LhaL ls lnvaluable durlng Lhe plvoLal perlod of lnlLlal
hlres. CfLen Lhe LalenL ls reLalned aL Lhe company afLer Lhe culmlnaLlon of Lhe program. 8llled supporL lncludes
dlrecL salary supporL, buL noL lncludlng addlLlonal employmenL expenses.
Un|q
ID
Company Descr|pt|on
Match|ng
Amount
8|||ed
Support
Current
I1L Iobs
4791
ConsolldaLed evenL plannlng and managemenL sofLware
plaLform.
$3,000 $3,000 8
3476*
Plgh quallLy, solld-sLaLe llghLlng comblnlng organlc and
lnorganlc maLerlals LhaL mlmlcs sunllghL, lower cosL Lhan oLher
LLus.
$3,000 $2,098 3
6867
WorksLaLlon wlLh wasLe grlnder and proprleLary hlgh-pressure
wasLe mlcronlzer, reduclng Lhe parLlcle slze of food wasLe
maklng lL hlghly dlgesLlble Lo bacLerla.
$3,000 $2,300 1
4S19
laLform glvlng lndependenL app publlshers Lechnology for
servlng cusLomlzed naLlve ads and a dlglLal markeLplace LhaL
connecLs Lhelr apps wlLh adverLlsers.
$3,000 $1,336 6
6621
A plaLform for Lool owners Lo lease Lhelr Lools Lo nearby renLers
ln Lhelr area.
$3,000 $433 2
63S8*
ueveloper of a smarL phone case LhaL reLracLs and sLores a
user's headphones/ear buds wlLhln a sllm proflle case.
$1,300 $1,300 3
63S8*
ueveloper of a smarL phone case LhaL reLracLs and sLores a
user's headphones/ear buds wlLhln a sllm proflle case.
$1,300 $1,300 3
Grand 1ota|s (7 records) 518,000 512,S89 2S

*uenoLes unlverslLy of Mlchlgan Lechnology
16
!"" !$%&$ '(!)* +,- ./,01./,2 345! )67&$8 (9:6 ,,


H='-* +&(*)-

Un|q ID 1ype Source 1ota| Amount (5)
6621 CranL Code for Amerlca $23,000.00
4S19 rlvaLe LqulLy Sl 2.0 $23,000.00
6894 rlvaLe LqulLy P8v, llrsL SLep, and oLhers $660,000.00
7216 uebL uASA $100,000.00
18S2 rlvaLe LqulLy SMS lnvesLmenL xll $1,300,000.00
4076 uebL ConverLlble debL brldge round $300,000.00
4076 CranL hase ll S8l8 $1,623,000.00
6834 uebL MarqueLLe venLures, ConverLlble uebL $100,000.00
418S CranL MllL $39,000.00
Grand 1ota|s (9 records) 54,S74,000.00

*uenoLes unlverslLy of Mlchlgan Lechnology


O=&+,)+3P L&+0),('8 L),+(2*

Metr|c uarter 1 ear|y Goa| ercent 1oward Goa| kat|ona|e
News|etter Cpen kate 29 20 nA
Lxceed lndusLry sLandard (18) by
2.
Lntrepreneur|a|
Serv|ces Webpage
V|ews
37,626 33,211 71
lncrease age vlews Lo LS by 3,000
annually above 2013-2014 flscal year.
Webpage V|s|ts by
Ann Arbor kes|dents
16,463 64,072 26
lncrease vlslLs Lo Lhe webslLe from
Ann Arbor overall by 3,000 annually
over 2013-2014 flscal year.
Soc|a| Med|a keferra|s 1,070 3,297 32
lncrease vlslLs from Ann Arbor Lo
webslLe from soclal medla by 300
vlslLs above 2013-2014 flscal year.
V|deo V|ews 637 4,306 13
lncrease vldeo plays from Mlchlgan
by 300 annually above 2013-2014
flscal year.
k |acements 2 nA nA
lncreased menLlons of Ann Arbor
sLarLups ln local, reglonal, and
naLlonal news publlcaLlons.
Nat|ona| k 1 6 17
MenLlon of ClLy of Ann Arbor sLarLups
ln 6 naLlonal news publlcaLlons.
17
!"" !$%&$ '(!)* +,- ./,01./,2 345! )67&$8 (9:6 ,.


A#6,7&+)
uurlng Lhls quarLer, Lhe sofLware llne ln our budgeL was used Lo subscrlbe Lo Lwo dlfferenL servlces as lLeraLed
below.
1. Sa|esforce: $720- ?early paymenL. Cnllne C8M used Lo manage operaLlons, collecLlon and sLorage of
daLa, and generaLlon of meLrlcs.
2. In4Grants: $3,730 - CuarLerly paymenL. CranL research, appllcaLlon, and coordlnaLlon plaLform avallable
Lo all lncubaLor and acceleraLor cllenLs for free.
G3#**&+P
ln an efforL Lo reduce redundancy and unnecessary compllcaLlon, SA8k and Lhe LulA keep deflnlLlons of Lerms
conslsLenL as beLween Lhe LulA and Mlchlgan Lconomlc uevelopmenL CorporaLlon. lncluded for clarlLy and
reference are appllcable deflnlLlons provlded by Lhe Mlchlgan Lconomlc uevelopmenL CorporaLlon:
"#$%&'()* A)+9)-
1he number of 1LCP companles LhaL conLracLor provlded lnLenslve servlces Lo, lncludlng acceleraLor granLs,
lncubaLor space, menLorlng, consulLlng, Lralnlng, eLc.
H=33N5($) K>=(9&3)',
l1Ls may or may noL be pald and may be worklng for deferred compensaLlon ln cash or sLock. 1hey do noL lnclude
lnLerns or lndependenL conLracLors.
Q#D* "+)&,)-
number of [obs creaLed by Lhe companles LhaL conLracLor served or are lncubaLor cllenLs, does noL lnclude
conLracL poslLlons.
Q#D* B),&(')-
number of [obs reLalned by Lhe companles LhaL conLracLor served or are lncubaLor cllenLs, does noL lnclude
conLracL poslLlons. 8aslcally lncludes Lhe number of poslLlons or employees aL Lhe companles LhaL have been
reLalned because of Lhe fundlng from Lhe lncubaLor or because of Lhe servlces LhaL Lhe lncubaLor provlded.
J)7 "#$%&'()* "+)&,)-
number of new companles creaLed as a resulL of conLracLor's lnvolvemenL. Companles can be deflned as sole
proprleLorshlp, LLC, Corp, eLc. lnvolvemenL can mean: 1) conLracLor provlded servlces or fundlng Lo Lhe company,
2) Lhe company ls locaLed ln conLracLor's lncubaLor, 3) Lhe company ls a unlverslLy spln-ouL, 4) conLracLor spoke
wlLh Lhe newly formed company and provlded Lhem help wlLh Lhe nexL sLeps ln bulldlng hls/her company for
example oLher resources, Lralnlng classes, eLc., or 3) conLracLor spoke wlLh Lhe CLC/C1C prlor Lo Lhe company
formaLlon.
5)24 "#$%&'P
A buslness ln whlch research and developmenL brlngs forLh an lnnovaLlve producL or process. 1he lnnovaLlon
Lyplcally lnvolves lnLellecLual properLy LhaL conLrlbuLes Lo a sLrong compeLlLlve advanLage ln Lhe markeLplace, and
serves as a foundaLlon for a hlgh raLe of growLh.
18

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