Steel startup Detroit Materials is looking to leverage one of the regions new up-and-coming business support programs to help it commercialize its high-performance steel.
The Wixom-based firm has joined Automation Alley's
new 7Cs program, which helps fledgling businesses leverage advanced manufacturing.
"You try to build your business as much as you can, but it's difficult," says Pedro Guillen, CEO of Detroit Materials
The advanced materials startup spun out of Wayne State University a little more than a year ago. Its technology is commercializing ultra-high performance structural cast steels. Its steel is both lighter and stronger and has applications in a broad range of industries, including defense, infrastructure, and automotive.
"Our basic technology is developed," Guillen says. "It's being validated right now."
The two-person team is currently working to raise a $500,000 seed round this year. It is also working to get its first orders under its belt later this year, which it hopes the 7Cs program will help make possible.
Source: Pedro Guillen, CEO of Detroit Materials
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.