January 2015 Share
Michigan eLab, LLC. is a venture capital firm in Ann Arbor, Michigan. Their first local investment? Akadeum Life Sciences.
Since Akadeum’s microbubble cell sorting technology can reduce the time and cost of isolating cells, and Michigan eLab’s investment of $150,000 will be used to make our technology more effective for cancer research.
“While traditionally it can take two or three days to grow enough target cells in a culture to make an identification, Akadeum’s technology can reduce that time significantly. McNaughton doesn’t want to be specific about reductions of time, which will vary with what is being cultured, until more studies are done, but said they will be significant, especially for those trying to identify a particular pathogen.”
Read more about this investment in Crain’s Detroit Business.