New Innovation Alliance hopes to turn more Michigan inventions into Michigan companies—and keep billions of dollars in future value from leaving the state. LANSING - For decades, Michigan has been one of America's great innovation engines. The state is home to world-class research universities, global automotive and manufacturing companies, a growing artificial intelligence sector, and
DETROIT — Invest Detroit has been awarded a $55 million allocation through the federal New Markets Tax Credit program, part of a record-setting $10 billion national allocation announced Dec. 23 by the U.S. Department of the Treasury. It is the largest NMTC award in Invest Detroit’s history and underscores Michigan’s growing role in deploying federal
DETROIT - The redevelopment of the historic Thomas Jefferson Middle School in Midtown Detroit has reached a major milestone, with Invest Detroit officially moving in as the anchor tenant of the newly rebranded Jefferson Hub. The 115,000-square-foot innovation and office space is scheduled for full opening in fall of 2025 and is now leasing space
DETROIT - Ally Charitable Foundation announced a $1 million commitment to Detroit's Strategic Neighborhood Fund (SNF), a partnership between the City of Detroit and Invest Detroit targeting 10 neighborhoods across the city. The grant is part of the third phase of SNF and aims to expand and build on the impact of the first two
DETROIT – Ally Charitable Foundation announced a $1 million gift to the Strategic Neighborhood Fund. This fund is a partnership between the City of Detroit and Invest Detroit Fund, and it focuses on 10 neighborhoods across the city. In addition, the grant is part of SNF’s third phase (SNF 3.0). As a result, it will
DETROIT – Invest Detroit Ventures announced a $50,000 grant from the Revolve Fund to support its FAM Program, an IDV initiative to provide capital and partnership to underrepresented founders and help prepare them for the next round of investment. “Our vision for Revolve Fund is to not only make financial investments in entities led by
DETROIT–ID Ventures, the venture capital arm of Invest Detroit, the non-profit that supports business and real estate projects in the city and region, announced that it has been selected by the Google Developers Launchpad to provide scaling resources to startups in Detroit and Michigan. ID Ventures is Google’s first such partner in the continental United
DETROIT - Twenty-four semi-finalists were announced Monday for the 10th annual Accelerate Michigan Innovation Competition where the top prize is $350,000. The semi-finalists were drawn from nearly 300 registered companies. These semi-finalists will have the opportunity to meet-on-one with investors to discuss their business proposals. Judges will then select six finalists to present live at
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
ROYAL OAK - On M2 Techcast May 13, Tember Shea, Portfolio Manager for Invest Detroit Ventures, interviews Mike Klein, CEO of Genomenon. Terry Bean, founder of Motor City Connect, introduces his new social media project, #MCCClub. DBusiness Editor RJ King will talk about his new book, “Detroit: Engine of America.” M2 Techcast is heard live
