OU INC Clients Munetrix and Skypersonic Awarded $125,000 via Macomb Innovation Fund

Munetrix and Skypersonic have been awarded $125,000 in funding from the Innovation Fund Macomb Community College, powered by JPMorgan Chase & Co. These two Oakland County-based companies were the sole awardees of this seventh round of funding, chosen from a pool of 17 qualified applicants. Both companies are startup clients at Oakland University’s business incubator, OU INC.

Munetrix will receive a $100,000 award to advance the company toward larger-scale funding. Munetrix is a data science and advisory firm that provides analytics, planning, transparency and compliance tools for school districts and state and local governments. For public administrators, this cloud-based technology is designed to simplify data analysis and use predictive analytics to improve the communication of financials with policymakers and other community stakeholders.

Skypersonic will receive a $25,000 award to support taking initial steps to the market. Skypersonic develops drones for indoor applications within the commercial, industrial, agricultural, and civil industries. The drone’s propeller apparatus is enclosed and protected by an external casing, and it has multiple operating modes including flying, rolling, and traveling on ground.

"We are very excited for our companies, Munetrix and Skypersonic. The support from the Macomb Innovation Fund will catalyze their growth in the market. As each of these companies are building their business, their solutions also provide valuable resources to the community. Skypersonic is providing drone educational kits to K-12 institutions, and Munetrix is providing meaningful data and scorecard resources to local governments and schools,” said Amy Butler, OU INC Executive Director.

The Innovation Fund is a $2.7 million effort to stimulate economic development and job growth among promising Detroit-area entrepreneurs and next-stage companies with high-growth potential. Funding is provided by Macomb Community College’s Strategic Fund and JPMorgan Chase, as part of the company’s $150 million commitment to Detroit’s economic recovery. Information about the application process is available at macomb.edu/cie.

For more information, contact Joan Carleton at (586) 884-9324 or jfcarlet@oakland.edu.

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OU INC is a SmartZone Business Incubator and Innovation Center in collaboration with the City of Rochester Hills, the Michigan Economic Development Corporation, and strategic industry partners. With a focus on the medical-device, energy, mobility, and information-technology sectors, OU INC provides entrepreneurial resources and strategic business solutions for developing business ventures and accelerating ideas to market. OU INC is a designated Soft Landing Facility for international companies through the International Business Innovation Association. For more information, visit oakland.edu/ouinc.