STERLING HEIGHTS — With the aid of the Macomb-OU INCubator, BEET, LLC has received a $250,000 Michigan Pre-Seed Microloan from the Michigan Economic Development Corp.

BEET has patented technology on a software product suite branded as the Envision Automation Intelligence System. EAI is based on patented BEET (Binary Electro-mechanical EKG Technology) automation “Heartbeat” technology, which can obtain feedback on machine and assembly operation cycles more efficiently than current technology. Data collection and analytics technology through EAI form a system failure prevention technology, not a failure verification tool, as are diagnostic solutions that exist today.

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BEET, LLC will use the microloan funding to launch this new product line, the Envision System Scope, assisting with both product development and commercialization.

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Mike Brennan, business commercialization and capital investment advisor for the Macomb-OU INCubator, saw promise in BEET, LLC from the day he first met the company’s leaders. “They have passion, commitment, a unique product and profound understanding of the market,” he said. “Securing pre-seed funds, after helping the company to win the GLEQ competition, was gratifying. We’re pleased to help and look forward to next steps with the company.”

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The Michigan Pre-Seed Capital Fund Microloan Program was formed for Michigan’s SmartZones to support high-tech, high-growth startup companies as they near viability. The focus is on technologies in advanced automotive, manufacturing and materials; alternative energy; homeland security and defense; and life sciences.