Automation Alley invests $500K in Unitask Software, Accio Energy

metromode, 7/15/2010

Automation Alley is spreading a lot of money around to a couple of local companies, investing $500,000 in start-ups from Bloomfield Hills and Ann Arbor.

Unitask Software and Accio Energy will split the cash evenly, using it to push forward product development and fuel their growth. The idea behind the investments is to help local start-ups secure financing at a time when financial institutions and investors are keeping a tight grip on the seed-funding spigot.

Unitask Software develops and sells software for the Oracle E-Business Suite and is a gold member of the Oracle PartnerNetwork. Its products help businesses eliminate implementation and operational risk while improving the quality of their applications. The company recently moved its headquarters to Bloomfield Hills from Ohio.

Accio Energy, based in Ann Arbor, is reinventing the wind turbine so it relies on an electrokinetic system instead of a turbine with traditional spinning blades. Accio Energy's aerovoltaic™ system is silent and stationary when it harnesses wind power.

Automation Alley has invested $5.5 million in 27 local companies in Metro Detroit. Those investments have helped create 550 new jobs.

Source: Automation Alley
Writer: Jon Zemke

Ann Arbor