Michigan Technology News and Entrepreneurs

Report: Detroit Entrepreneurial Ecosystem Has 37 Venture-Backed Startups

ANN ARBOR – A new report shows there are 37 venture-backed startups in Detroit’s growing startup community, a 54 percent increase in the last five years. These findings come from EntryPoint, an organization that uses a data-driven approach to advance entrepreneurship, today announced the release of the 2019 Detroit Entrepreneurial Ecosystem Report. “EntryPoint has diligently surveyed

By |2019-08-08T17:18:13-04:00August 8th, 2019|Entrepreneur, Entrepreneurs|

Six Startups Receive $450,000 In PlanetM Mobility Grants

TRAVERSE CITY - Six mobility and transportation startups were awarded more than $450,000 in PlanetM Mobility Grant funding at the Center for Automotive Research’s Management Briefing Seminars. The six startups recognized by Governor Whitmer in remarks at the conference aim to address today’s toughest mobility and transportation challenges, including traffic congestion reduction and improved pedestrian

By |2019-08-08T17:05:27-04:00August 8th, 2019|Auto Tech, Entrepreneur Corner, Entrepreneurs|

Charter Growth Capital Fund Closes With $21 million Plus In Commitments

GRAND RAPIDS - Charter Capital Partners has closed its Charter Growth Capital Fund with more than $21 million in commitments with a target raise of $100 million. Anchor investors in the fund include Mercantile Bank of Michigan and a strategic institutional investor, as well as several family offices and individual investors. The Fund invests up

By |2019-08-08T16:25:29-04:00August 8th, 2019|Entrepreneurs|

Report: Detroit Job Seekers Living In Poverty Face Multiple Employment Barriers

DETROIT - A new report finds the referral network for job seekers living in poverty and facing multiple barriers to employment in the City of Detroit extends beyond traditional workforce development activities. Nearly 260 workforce and related service providers were identified as part of the referral network and approximately half provide some combination of temporary

By |2019-08-08T16:25:30-04:00August 8th, 2019|Entrepreneur, Entrepreneurs|

Detroit-Based Online Plant Store Bloomscape Raises $7.5 Million In Venture Capital

DETROIT—Bloomscape, a direct-to-consumer plant company based in downtown Detroit, announced $7.5 million in Series A funding. Washington, D.C.-based Revolution Ventures led the round with participation from New York City-based Endeavor Global Inc., along with existing investors, and consumer brand founders including Allbirds co-founder Joey Zwillinger, Away co-founder Jen Rubio, Eventbrite co-founder Kevin Hartz, Harry’s co-founder

By |2019-08-04T17:20:53-04:00August 4th, 2019|Entrepreneur, Entrepreneur Corner, Entrepreneurs|

Pitch Club Michigan Offers Mobility Contest: Deadline To Apply July 28

DETROIT - Pitch Club Michigan is excited to announce a special Mobility themed event, happening August 14th during the Woodward Dream Cruise week. Deadline for startups to apply is Sunday July 28. IGNITE MOBILITY PITCH CLUB is a showcase recognizing the top startups working on emerging and innovative mobility technologies in autonomous, multi-transit, and electric vehicle

By |2019-07-26T13:25:03-04:00July 26th, 2019|Entrepreneur, Entrepreneurs, Mobile MI, Mobility|

$100,000 Hatch Detroit Workshop Set For Bamboo Detroit Tonight

DETROIT - The $100,000 Hatch Detroit competition is hosting a workshop tonight starting at 6 pm at Bamboo Detroit, where interested applicants can learn more about the contest, receive feedback on their application, and spend some one-on-one time with business experts to get critical advice on starting a business in the Motor City. Details are

By |2019-07-23T11:07:39-04:00July 23rd, 2019|Entrepreneur, Entrepreneurs|

Applications Open For $1 Million Accelerate Michigan Innovation Competition

DETROIT – Applications are will now be accepted to compete in the $1 million Accelerate Michigan Innovation Competition, a program of Invest Detroit’s ID Ventures. The 10th annual pitch competition on November 13 will be held at Detroit’s recently renovated State Savings Bank. Semi-finalists will pitch their ideas to seasoned judges. “We are thrilled to reach such

By |2019-07-15T09:20:58-04:00July 15th, 2019|Entrepreneur, Entrepreneurs|

Airfoil Group Signs Nine New Clients

ROYAL OAK—Airfoil Group announced nine new clients for project and retainer work: AthenasOwl, GTA, The Mars Agency, Memorial Healthcare, Peloton, Quantiphi, Transient Plasma Systems, University Liggett School and Zero Mass Water. “Each of these clients has a unique story to tell, and we look forward to helping them compete and succeed in their respective industries,”

By |2019-07-07T19:47:14-04:00July 7th, 2019|Entrepreneur, Entrepreneurs|

StockX Startup Raises $110 Million In Financing, Largest In Michigan History

DETROIT—The Detroit startup “stock market of things” StockX announced the largest venture capital raise in Michigan history, a $110 million Series C financing round that values the company at more than $1 billion. Participating in the investing round were Hong Kong-based DST Global, New York City-based General Atlantic, and Menlo Park, Calif.-based GGV Capital. The company also

By |2019-06-27T15:53:30-04:00June 27th, 2019|Entrepreneur, Entrepreneurs, Featured|