Detroit Stem Cell Startup Gets $200K

Xconomy Detroit/Ann Arbor — 

Detroit stem cell startup MitoStem has received a $200,000 Small Business Innovation Research (SBIR) Phase I grant from the National Institutes of Health, according to an announcement by TechTown, the incubator that houses the company near the campus of Wayne State University. MitoStem is enrolled in TechTown’s SmartStart business accelerator program. The grant will allow MitoStem to develop new stem cell lines and enable creation of stem cells from a patient’s own cells for replacement of diseased and damaged tissues, according to the company.