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Michigan pre-seed fund invests in electronic medical records, eye-based disease detection

OcuSciences, a University of Michigan spinoff, is developing a product that uses images from the eye to detect disease. White Pine Systems is developing its Web-based service, which stores and manages information such including medical records.

ANN ARBOR, Michigan –Two Michigan life science companies — one that caters to online medical records and the other focused on early disease detection — on Wednesday received more than $200,000 each in seed funding.

OcuSciences, a University of Michigan spinoff, received $250,000. It’s developing a product to use images from the eye to detect diseases, such as diabetes, earlier than current methods. White Pine Systems received $225,000 to develop its Web-based service, which stores and manages information such including medical records.

The funding comes via the state-supported Michigan Pre-Seed Capital Fund, which gives loans and equity investments to early-stage high-tech companies.

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