The competitions founders are led by the newly formed Business Accelerator Network for Southeast Michigan (composed of the region’s four key business accelerators) and the New Economy Initiative. These groups have aligned their efforts to bolster and advance Michigan’s entrepreneurial ecosystem through a variety of collaborative initiatives, including the Accelerate Michigan Innovation Competition.
Business Accelerator Network for Southeast Michigan The Business Accelerator Network for Southeast Michigan is new region-wide network for building and retaining new business in southeast Michigan. Composed of the region’s four key business accelerators– Ann Arbor SPARK, Automation Alley, Macomb-OU INCubator, and TechTown, the organization will work collaboratively to share best practices, host events focused on addressing issues and goals that impact southeast Michigan, support business plan development, and leverage funding to grow business in the region. The Business Accelerator Network for Southeast Michigan is supported through a three year, $3 million grant from the New Economy Initiative for Southeast Michigan.
The New Economy Initiative for Southeast Michigan (NEI)is an innovative philanthropic effort to accelerate the transition of metro Detroit to an innovation-based economy that expands opportunity for all. Ten national, regional and local foundations have committed $100 million to this unprecedented eight-year initiative, including the Community Foundation for Southeast Michigan (Detroit), the Max M. and Marjorie S. Fisher Foundation (Southfield, Michigan), the Ford Foundation (New York), the Hudson-Webber Foundation (Detroit), the W.K. Kellogg Foundation (Battle Creek, Michigan), the John S. and James L. Knight Foundation (Miami), The Kresge Foundation (Troy, Michigan), the McGregor Fund (Detroit), the Charles Stewart Mott Foundation (Flint, Michigan), and the Skillman Foundation (Detroit). The participating foundations are leading the implementation and governance of the Initiative. The Community Foundation for Southeast Michigan, which initiated the collaborative, is serving as its administrative home. For more information, please visit www.neweconomyinitiative.cfsem.org.
Ann Arbor SPARK, a non-profit organization, is the driving force in establishing the Ann Arbor region as a destination for business expansion, retention, and location by identifying and meeting the needs of business at every stage, from startups to large organizations. Ann Arbor SPARK represents all communities in the Washtenaw County. Ann Arbor SPARK collaborates with business, academic, government, and community investor partners including the University of Michigan, Eastern Michigan University, Washtenaw Community College, Michigan Works!/ETCS, Washtenaw County, the City of Ann Arbor, the Bank of Ann Arbor and the Michigan Economic Development Corporation. For more information, please visit www.annarborusa.org.
Automation Alley is a technology business association driving the growth and image of Southeast Michigan’s economy through a collaborative culture that focuses on workforce and business development initiatives. Since its founding in 1999, Automation Alley has expanded to include more than 1,000 businesses, educational institutions and government entities from the City of Detroit and the surrounding eight county regions. Automation Alley promotes regional prosperity through entrepreneurial and exporting assistance, workforce development and technology acceleration. For additional information, visit www.automationalley.com.
Macomb-OU INCubator, located in the heart of Macomb County’s defense corridor and the Technology Advancement SmartZoneSM of Sterling Heights, provides business support, shared resources, and capital acquisition assistance to area emerging companies, in an effort to bolster business development and job creation in our region. This incubation initiative is a partnership between the City of Sterling Heights, Macomb County, Oakland University and the Michigan Economic Developm ent Corporation. For more information, visit www.oakland.edu/macombouinc.
TechTown works to reignite Detroit’s entrepreneurial culture by fueling business growth, job creation and the revitalization of Midtown and beyond.
Through its partners and programs, the nonprofit business incubator and accelerator; connects small businesses to the customers, talent, capital and location necessary to build a thriving enterprise in Southeast Michigan.
Its entrepreneurs also gain unique access to research, academic and technology assets through TechTown’s partnership with Wayne State University.
TechTown is a 501©(3) non-profit organization and is the Woodward Technology Corridor SmartZone.