SOUTHFIELD—The Centrepolis Accelerator at Lawrence Technological University announced an additional grant of $2 million from the Ralph C. Wilson Jr. Foundation to strengthen its mission of supporting startups and small businesses in Southeast Michigan with their hardware and physical product innovations. This new funding will further strengthen Centrepolis’s Evergreen Service-Based Investment Fund, which provides essential
Starting a business is a monumental achievement, but the true test lies in the ability to scale and grow sustainably. Scaling a startup requires a strategic approach that encompasses various aspects of business, from evaluating scalability to securing funding, product development, marketing, and team expansion. In this article, we delve into the crucial elements that
Only a few states in the United States could compete with Michigan when it comes to providing an enabling environment for startups. The state boasts a properly developed labor market, a vast consumer market for businesses to tap into, and a friendly government. When you add its entrepreneur-friendly environment, you will understand why it is
Have you considered altering your business plan to increase sales and expand your company? You must consider your firm's expansion and development as a business person. Whether your company is adding a brand-new line of products, a new industry, or a whole different market, it will cost a fortune. Your new company won't start turning
DETROIT – For entrepreneurs seeking funding to open a retail storefront in Detroit, Highland Park, or Hamtramck, the deadline is fast approaching to enter the 2022 Comerica Hatch Detroit Contest in hopes of winning $100,000 from Comerica Bank. Interested applicants with a retail concept looking to open a brick-and-mortar location can submit their business plans
PLYMOUTH - Comcast Corporation has expanded its Comcast RISE program to all women-owned businesses nationwide, furthering its efforts to advance digital equity and help provide underrepresented small business owners with access to the digital tools and funding they need to thrive. Comcast RISE, which just celebrated its one-year anniversary last November, remains open to racially and ethnically diverse
ANN ARBOR—May Mobility, developers of autonomous vehicle technology, has closed a Series C round of funding with an investment of $83 million, led by the Tokyo-based Mirai Creation Fund II, a Sparx Group Co., Ltd. managed fund that is renowned for supporting high-growth, high-tech companies, and which has made 76 investments to date. New investors include
WASHINGTON - Partners in the Future of STEM Scholars Initiative announced an ambitious goal to expand support and funding for under-represented groups to pursue a degree in a science, technology, engineering or math (STEM) field at historically black colleges or universities (HBCUs). After exceeding its inaugural goal of funding 150 scholars in 2021, the program will aim
ZEELAND – Lakeshore Advantage, in collaboration with the Michigan Economic Development Corporation and regional partners, awarded $3.325 million to 428 small businesses and nonprofits in Allegan and Ottawa counties through the Michigan Small Business Restart Grant Program. Lakeshore Advantage received 887 grant applications with a total monetary request of nearly $9.3 million. Grants awarded ranged
DETROIT - Rocket Mortgage Detroit Demo Day announced last week the 17 finalists competing for a share of more than $1 million in funding in their fourth annual entrepreneurship competition – one of the largest of its kind in the U.S. The finalists will be judged by nationally acclaimed entrepreneurs from across the country. This
