Ann Arbor, Michigan – Cybernet Systems Corporation of Ann Arbor, Michigan has been recognized as one of the “Michigan 50 Companies to Watch,” an awards program sponsored by the Edward Lowe Foundation.
Cybernet Systems CEO Heidi N. Jacobus will receive the award at the third annual Michigan Celebrates Small Business event, April 12th at the Kellogg Hotel & Conference Center in East Lansing.
“Michigan 50 Companies to Watch is a unique awards program designed to shine the spotlight on second-stage companies,” says Mark Lange, executive director of the Edward Lowe Foundation, a not-for-profit operating foundation based in Michigan. The foundation’s mission is to “champion the entrepreneurial spirit” by encouraging entrepreneurial cultures in communities throughout the country and helping second-stage companies learn from each other.
"When it comes to a robust economy, second-stage entrepreneurs play a critical role because they generate new jobs and sustainable growth,” Lange says. “And yet, they’re not often recognized or appreciated for the impact they have on the economy or the community.”
About the Michigan 50 Companies to Watch
Companies nominated for the “Michigan 50 Companies to Watch” list must be second-stage companies, defined as having 6 to 99 full-time-equivalent employees and generating $750,000 to $50 million in annual revenue or working capital from investors or grants. In addition, the companies must be privately held and headquartered in Michigan.
Winners were selected by the Michigan Certified Development Corporation, Michigan Small Business & Technology Development Center, the Small Business Association of Michigan, the Michigan Economic Development Corporation, the U.S. Small Business Administration-Michigan and the Edward Lowe Foundation. Judges evaluated the nominees’ demonstrated intent and capacity to grow based on one or more of the following:
- Employee or sales growth.
- Exceptional entrepreneurial leadership.
- Sustainable competitive advantage.
- Other notable factors that showcase the company's success.
National City is the lead sponsor for Michigan Celebrates Small Business. Other supporters include the Accident Fund Insurance Company of America and Clark Hill PLC Attorneys at Law. Media partners include MiBiz, Crain’s Detroit Business, Mitechnews.com, WWJ Newsradio 950 and Your Biz, and the Greater Lansing Business Monthly.
Information about the 2008 Michigan 50 Companies to Watch program can be found online at michigan.companiestowatch.org.
About Cybernet Systems
Cybernet Systems is a rapidly growing technology-based company developing human-machine interaction products. The company has broad technology experience with focused ongoing projects involving mechanical design and manufacturing, Internet medical systems, large-scale distributed network training and gaming, robotics and gesture control interfaces. Additional information is available at www.cybernet.com.