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MegadealsSubsidy Tracker Individual Entry
Company: Algal Scientific Corporation
Parent Company:
Subsidy Source: state
Location: Michigan
City: Northville
Address: 47050 Five Mile Road Northville
Zip: 48168
Project Description: Algal Scientific is an early stage corporation that has developed the world's first beta glucan from natural, non-GMO microalgae, which is an all natural product that supports the immune systems in humans and other animals. Under the Pure MI Venture Match Fund guidelines and in accordance with the investment terms, Algal is eligible to receive a matching investment of $500,000 from the program.
Year: 2015
Value of Loan, Loan Guarantee or Bailout Assistance: $500,000
Loan Value Notes: Loan amounts do not reflect repayments. See the original source for that information.
Program Name: 21st Century Jobs Fund/Pure Michigan Venture Match
Awarding Agency: Michigan Economic Development Corporation
Type of Subsidy: venture capital
Number of Jobs or Training Slots: 0
Source of Data:
(click here)
Notes: Year is fiscal year. Jobs is sum of new and retained positions.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.