Advanced Tech Companies
The Michigan Small Business and Technology Development Center offers commercialization services to technology companies across the state. This is an initiative funded by the Michigan Economic Development Corporation that enables entrepreneurs to bridge the gap between technology development and commercialization.
The Michigan Small Business and Technology Development Center Tech Team is a state funded initiative that enables entrepreneurs to bridge the gap between technology development and commercialization. Our statewide team consists of nine consultants with proven track records of technology commercialization.
We focus our efforts in three key areas:
- Access to capital
- Access to resources
- Strategic planning and execution
The Tech Team served over 300 clients in 2011 who attribute MI-SBTDC consulting to playing an important role in the $53,232,960 capital they raised, and the 169 new jobs they created.
The Business Accelerator Fund is a 2 year, $3 million fund that may be accessed by participating business accelerators statewide to provide specialized business acceleration services to companies commercializing advanced technology. The services are provided by specialists that are recruited based on the company needs and help companies achieve important milestones such as raising capital or securing a first customer.
Managed by the MI-SBTDC, the Michigan ETF provides commercialization funding to match federal Small Business Innovation Research and Small Business Technology Transfer awards for technology-based Michigan companies. The Michigan ETF matches 25 percent of phase I awards up to $25,000, and 25 percent of phase II awards up to $125,000. The ETF awards are grants and award dollars must be used to help bring Michigan projects to commercialization.
Do you have a Technology Company?
A business in which research and development brings forth an innovative product or process. The innovation typically involves intellectual property that contributes to a strong competitive advantage in the marketplace, and serves as a foundation for a high rate of growth. More on the Definition of a Tech Company
The Michigan 21st Century Jobs Fund Initiative focuses on these categories of competitive edge technologies:
- Advanced Automotive, Manufacturing, and Materials Technology
- Agricultural Processing
- Alternative Energy Technology
- Homeland Security and Defense Technology
- Information Technology
- Life Sciences Technology