Technology & Innovation

Coverage of innovative research, development and deployment of technology and technological advance, including hardware, software and software as service.

Telemus Capital adds 4 positions, $100M in new clients

Telemus Capital isn't trying to make its clients rich. It's trying to keep them wealthy. That’s part of the reason why the Southfield-based financial management firm has been growing so much in the past year. The 9-year-old firm has watched its revenue increase by 20 percent over the last year. That’s due in part to strong performances from stock markets. It also is due to an infusion of new customers. "Our new clients that have come to us have exceeded our expectations," says Lyle Wolberg, partner & senior adviser at Telemus Capital. "We have brought in $100 million in new clients to the firm in the last year." Telemus Capital acquired Concentratic Capital in Los Angeles earlier this year. The new acquisition will serve as Telemus Capital’s new LA office. Telemus Capital has also hired four new people, including a new partner and a few research analysts. "We have done quite a bit of hiring," Wolberg says. Source: Lyle Wolberg, partner & senior adviser at Telemus Capital Writer: Jon Zemke Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.

Latest in Technology & Innovation
Beringea recruits modern music college to Detroit with $3M investment

A trio of musical entrepreneurs are crossing the Atlantic Ocean and setting up shop in Detroit, thanks in part to the encouragement and investment from Michigan's largest venture capital firm. Beringea is investing $3 million in the Detroit Institute of Music Education, a music college for contemporary musicians set to be launched this fall. Sarah Clayman, Bruce Dickinson and Kevin Nixon launched Brighton Institute of Modern Music in Brighton, England, in 2001. They sold the business in 2010 and were recruited by executives at Beringea to open a U.S. version in Detroit. "It was a really easy sell," says Charlie Rothstein, founder & senior managing director of Beringea. "They were getting there on their own. Everything that is happening in Detroit is saying loudly to open up here." Detroit Institute of Music Education, commonly known as DIME, will open up in 15,000 square feet of one of Bedrock Real Estate Services' buildings in downtown Detroit. The company will offer lessons in playing instruments and musical entrepreneurship. Initial projections call for 150 students in the first class, with a goal of up to 1,000 students in future classes. The business is already looking to hire up to 30 instructors and support staff for the venture. Detroit Institute of Music Education picked Detroit over other major markets like New York, Los Angeles and Chicago because of the Motor City's impressive musical culture and the warm welcome from regional business leaders like Rothstein and Quicken Loans Chairman Dan Gilbert. Source: Charlie Rothstein, founder & senior managing director of Beringea Writer: Jon Zemke Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.

Donation boosts OU’s industrial robotics and automation programs

Oakland University will build a four-year industrial robotics and automation program thanks to a donation from a leading supplier of industrial robots. ABB Robotics' $50,000 gift to OU's School of Engineering and Computer Science will prepare future graduates for work in the industry and companies such as ABB. ABB will also offer an internship to OU students. Three members of the ABB Robotics executive team are OU grads. One of them, Michael Mahfet, vice president and general manager for ABB, says "We might be a little biased, but we know OU is a highly regarded school in the engineering community. We're pleased to be able to play a part in advising the SECS on their new robotics curriculum. Ultimately, it's good for OU and it's good for companies like ours. The automation industry is changing so fast that it's important to have your finger on the pulse of what customers want.” Dr. Louay M. Chamra, dean of the School of Engineering and Computer Science, says OU's relationship with the industry strengthens its push to become a "premier research center in this area." "There have been strong advances in manufacturing, both in southeast Michigan and across the United States," Chamra says, "and industrial robotics has been at the heart of much of that development." Source: Automation Alley and Oakland University Writer: Kim North Shine

Gluten- and nut-free pizzeria opens in Troy

A dad frustrated by the challenge of taking his daughter out to eat without her getting sick from meals that came with nut-free and gluten-free claims has opened his own restaurant in Troy, and he's seeing a rush of grateful customers who share his desire to just enjoy a meal out without worry. The dad, Gabe Hertz, and partner and pizza specialist, Ken Karapici, opened Renee's Gourmet Pizzeria in February in Troy. The word of mouth in the allergy community has attracted customers from across metro Detroit to Ann Arbor.  Renee's is located at 1937 W. Maple Road. There's room for 60 to eat and there's carryout. Hertz named the restaurant after his daughter who was diagnosed with nut allergies and Celiac's Disease, a wheat intolerance, at age 5. "My daughter can't have one speck of wheat or it can put her into two weeks of pain, and I love taking her out to eat," Hertz says. Nuts are life-threatening. She and most people with her carry an EpiPen. "Finally, she said, 'Dad, that's it, I'm not going anywhere else to eat with you. It was a month and a half before she walked in here." Once he decided to open his own restaurant, Renee became the taste-tester for what the pizzeria would sell: a thin New York style pizza, calzones, soups, Hungarian dumplings, soups, cinnamon sticks and more. "I've waited for a long time for someone to do this. Finally, I thought, you know if no one else is doing it, I'm going to do it. And no one is doing 100 percent gluten-free and nut-free like we are. Unless you are 100 percent free, you will have cross contamination." He wanted to open a gluten- and nut-free restaurant that served food just as tasty as anywhere. "I didn't want to build a gluten-free facility. I wanted to build a good gluten-free facility. Anybody can put out cardboard." The reaction from parents has been as important as the bottom line, he says. "It's not uncommon for someone to drive and hour, hour and a half to get here. Imagine there are parents who can finally open a menu and say, 'Wow, we can have anything on this menu!' The parents are in tears. I'm in tears. It's amazing to see, in my opinion, the comfort we give families. I know, if I could find one place my daughter could eat and not get sick, I would go three hours just to get that dinner with her." Source: Gabe Hertz, co-owner, Renee's Gourmet Pizzeria Writer: Kim North Shine

Sea and lake creatures coming to Great Lakes Crossing Outlets

A London-based entertainment company is bringing its expertise in aquariums to the Great Lakes Crossing Outlets in Auburn Hills, building an aquatic attraction inside the shopping and entertainment complex. Sea Life, which has more than 40 aquarium attractions around the world and six in the U.S., will be built in what used to be a GameWorks. Demolition on the space started about two weeks ago. The complicated project will take more than a year with an opening date expected by April or May 2015, says Scott Berlow, general manager of Great Lakes Crossing Outlets. Sea Life Michigan will give visitors up-close looks at more than 30 displays that are centered around a tropical ocean tank with a walkthrough underwater tunnel. United Kingdom-headquartered Merlin Entertainments, owners of Sea Life, also build Legolands and numerous other themed attractions in 12 countries and three continents. Berlow says the company chose Auburn Hills and Great Lakes because of its draw for tourists, including Canadians and because of its connection to international and national auto suppliers who bring families to Michigan to live permanently or on extended stays. He says 21 percent of visitors to Great Lakes Crossing are tourists that have traveled from more than 50 miles away. "We know Sea Life draws from more than 100 miles," Berlow says. "This is going to be a great attraction. Certainly for a number of miles, there really is nothing that exists like this….They really ID'd the area for a variety of reasons. It's always location, location, location. The access to I-75 was important too." Berlow says Sea Life builds on the "entertainment" in the Great Lakes motto: Shopping, Dining and Entertainment. Sea Life will be located across from Rainforest Cafe. "You'd think they'd have a problem with that, but actually they're thrilled." Sea Life complements Rainforest Cafe as well as the Bass Pro Shop, which is also a draw for metro Detroiters and tourists alike. Field trips will be a regular part of Sea Life Michigan, which has a classroom and field-trip educators on staff and places an emphasis on conservation. The aquarium at Great Lakes Crossing Outlets will, like the others, will be an immersive and educational experience that puts visitors up close to ocean life. But aquarium visitors will also learn about lake species. Sea Life is also  involved in rescue operations. The plans for Sea Life Michigan call for more than 30 displays of shrimp, sharks, sea rays, sea horses and starfish. The unique Great Lakes element will feature creatures most associated with the Great Lakes region. "The naysayers would say we've got a foreign company coming into the area…This creates jobs. This is good for business…It's all positive." Source: Scott Berlow, general manager, Great Lakes Crossing Outlets Writer: Kim North Shine

Valentine Distilling to triple distillery space in Ferndale

Valentine Distilling's gin is taking a similar path as its vodka. It's winning awards, racking up orders in Michigan and several states, and is on the way to putting the Ferndale craft liquor maker on the world map. Valentine's latest award, and probably the most significant, came last month when its Liberator Old Tom was named the World's Best Cask Gin by the World Gin Awards in London. Valentine makes a traditional gin, cask gin and whiskey, all released last year. Distribution of its original Valentine Vodka began in 2009. "We've received many awards, many important ones, but this is a really big one…This came out of London, the home of gin," says founder Rifino Valentine. "I always have high expectations for our products. [We're] not just a local distillery, but this blew us away." The award is one thing. Keeping up with demand is another. Valentine is in the process of renovating a 15,000-square-foot space in Ferndale into a distillery that will quadruple its output capacity. The new facility is expected to be ready for production in the fall of 2014, says Valentine. At about 5,000 square feet, the current distillery space, which is paired with an often-packed tasting room, will become the pilot distillery, the research and development area, he says. Research and development is a slow and deliberate process and the reason, Valentine believes, for the success of Valentine Distilling's small-batch spirits. "We were working on that gin for three or four years," he says. "I never just release stuff to get it out. I want to make sure it's competitive internationally and nationally…That's why it took us years…figuring out the botanicals and figuring out how the taste changed as it aged." Even before the award, it became clear that Valentine needed to step up capacity. "My distributors on the East Coast and in Chicago are calling, 'How much can we get and how soon?' " Michigan is likely to follow suit. "In Michigan vodka is still really big…The craft cocktail and craft spirit movement is just starting to hit Michigan right now and it's already been going on and is at full steam on the coasts and in cities like Chicago," he says. "So we get a large number of orders in Michigan for our vodka now, but the gin will come. "The Liberator, we call it a new western gin or an American gin, because the flavor profile strays away from London dry or extra dry. It doesn't just smack you in the face with juniper…It's complex with a beginning, middle and end, with spices like cardamom, coriander and cinnamon." Valentine, who left a successful career on Wall Street to launch a small-batch liquor company about six years ago, chose Michigan over Miami or other big cities, as a way to help the state by adding a small business to the books. He says the growth and the expansion in space and products was always part of the business plan, but the best part is seeing Michigan's distilleries and craft cocktails take off and make a significant contribution to the local and state economy. "Looking back on it, it's pretty fun.. Probably five other distilleries have opened or are opening within five miles of us. It's funny to think back to 2008 and actually watch this industry grow. I mean just in the last couple of years alone we've generated a couple million dollars in tax revenue for the state," Valentine says. "It's so neat to see the industry thrive. It's so cool to help the state come back. It's one thing to talk about it, but to actually see it come to fruition is deeply meaningful." Source: Rifino Valentine, owner, Valentine Distilling Writer: Kim North Shine

Tanner Friedman PR firm grows on recurring client work

Tanner Friedman Strategic Communications is one of those companies that doesn't measure its success by the number of new clients it attracts, but by the clients it keeps in its fold. The Farmington Hills-based public relations agency has enjoyed double-digit revenue growth over the last year thanks primarily to increased work from existing clients. "That's where we prefer growth to come from," says Matt Friedman, partner at Tanner Friedman Strategic Communications. "We like new clients and are happy to add them. But it’s the best testament to our work and our growth when a client says, 'We want you to do more work for us.'" The agency enjoyed a small spike in its crisis communications work in the fourth quarter of last year, but its bread and butter came down to three core industries: privately owned businesses, professional services and non-profits. Those three areas have allowed the firm to triple in size since its launch seven years ago. "These are the types of clients that really need us," Friedman says. "We are closer to a need-to-have than a nice-to-have with them." Tanner Friedman Strategic Communications has added another person to its staff, rounding it out to eight employees. The hire, a former intern, is an account coordinator. The firm also has six independent contractors and plans to bring on two interns this summer. "We grow when it makes sense," Friedman says. "We want to add people when we have the work to justify it." Source: Matt Friedman, partner at Tanner Friedman Strategic Communications Writer: Jon Zemke Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.

Highway Media transitions to more web video work

Video production has made a dramatic change in recent years and Highway Media has been there to reap some of those rewards. The Canton-based video-production firm has enjoyed a 10-percent bump in its revenue over the last two years as it transitions from doing video work for DVDs to online videos. Mark Salloum, producer/director for Highway Media points out that online videos play a significant role in helping websites reach the top of Internet searches and keeping surfers engaged for longer. "The power of video has become the most impactful medium in the world," Salloum says. Most of Highway Media’s clients fall into two categories, Salloum explains. A lot of industrial shops are looking for short videos explaining what sets them apart. There are also many medical professionals in need of videos that explain the niche of their practices, such as fertilization clinics. He adds that they want a professional look that tells a compelling story. "That's why they're hiring us," Salloum says. The increase in business has allowed Highway Media to add two employees to its core team of 12. The firm is also planning to bring on an intern this spring.  "We're projecting a dramatic growth, 30-40 percent, in the next two years," Salloum says. Source: Mark Salloum, producer/director of Highway Media Writer: Jon Zemke Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.

Canine To Five looks for larger Ferndale space

Canine To Five is starting its second year at its new location in Ferndale and is looking for a bigger space to help accommodate its success. The dog daycare business, which got its start in Detroit's Midtown neighborhood, opened its second location in Ferndale last year. It now takes care of 60 dogs a day there. It took the company several years to reach that number at its Detroit location. Canine To Five currently employs 15 people at its Ferndale digs and is looking for a bigger location to accommodate its growing pack of customers. "When I find the perfect building, I'll know," says Liz Blondy, owner of Canine To Five. The business got its start on Cass Avenue just south of Martin Luther King Boulevard in Detroit in 2005. Back then the rebranding of the old Cass Corridor as Midtown was just beginning and dog boarding was a relatively new idea to the market. Today it employs 45 people, mostly in Detroit, and expects to hire another four or five this year. Blondy says her business has proven popular in the suburbs, especially with people who don't often frequent the inner city. She is considering opening another location in the suburbs in the not-too-distant future to take advantage of that demand but isn’t actively moving toward doing that this year. "At this time it's not a serious consideration but if a great opportunity comes up I will consider it," Blondy says. Source: Liz Blondy, owner of Canine To Five Writer: Jon Zemke Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.

DASI Solutions adds 8 jobs, moves into new downtown Pontiac HQ

DASI Solutions underwent some big changes in the last year, expanding its staff with a number of hires, moving into a new home in downtown Pontiac, and preparing to offer some new cutting-edge services. The engineering/tech firm executed its move to a newly renovated building in downtown Pontiac last summer. The company also hired eight people over the last year, expanding its headcount to 45. The new employees are primarily engineering and business development professionals. It also has two openings for application engineers and is planning on adding a couple of summer interns this year. DASI Solutions is also getting ready to launch a 3-D printing-on-demand service later this month. The company plans to make 3-D printing much more affordable and accessible. "We will be accepting models from our customers online," says David Darbyshire, co-owner of DASI Solutions. "We will give them an instant quote." The 18-year-old company has also been expanding its market share geographically. It recently entered into the Cleveland market. The new Cleveland office joins a handful of the firm’s offices across the Midwest. DASI Solutions has also been doing a lot of work with the state of Michigan's MAT2 (Michigan Advanced Technician Training) program, which helps steer high school students or recent graduates toward tech careers. Think of it as helping guide kids in high school robotics programs who might not be cut out for engineering degrees toward careers in robotics through an apprenticeship program. "The best way to describe it is an internship on steroids," Darbyshire says. DASI Solutions will be participating in a MAT2 company fair for careers in mechatronics and design visualization on March 22 from 9 a.m. to 5 p.m. The fair will take place at Oakland Community College’s Auburn Hills campus in Building F, 2900 Featherstone Road. Source: David Darbyshire, co-owner of DASI Solutions Writer: Jon Zemke Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.

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