Lawrence Tech-based business incubator receives state grant to continue fostering innovation, growth

Small manufacturers and hardware entrepreneurs throughout the southeastern Michigan region could be better equipped for success, at least up until March 31, 2019, as it's been announced that the Lawrence Technological University Collaboratory Gatekeeper Business Incubator has received further funding.

The Michigan Strategic Fund has granted the business incubator a $100,000 extension as part of its total of $1.7 million in grants awarded to foster entrepreneurial support throughout the state.

This marks the third such grant for the LTU business incubator, allowing it to continue helping small manufacturers and hardware entrepreneurs in their scale-up efforts. The focus of the incubator remains on early-stage technology companies in the product design, engineering, and prototyping and manufacturing sectors.

"Collaboration resources such as those available through Automation Alley, TechTown and SmartZones across Michigan are essential in providing our state’s entrepreneurs the necessary support needed to spark innovation and spur the business economy," Fred Molnar, vice president for entrepreneurship and innovation at the Michigan Economic Development Corporation, said in a statement. "The continued funding of these programs demonstrates their impact in not only building and growing startups in Michigan, but in attracting out-of-state talent."

The LTU incubator falls under the city of Southfield's SmartZone, a state program that fosters the growth of tech businesses and jobs by connecting universities, research facilities, and industry to one another, building a network of growth. The business incubator itself connects business leaders with everyone from mentors to college students, from workshops to workspace.

Visit the LTU Collaboratory online to learn more about its programs.

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MJ Galbraith is a writer and musician living in Detroit. Follow him on Twitter @mikegalbraith.
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