Innovation Fund Macomb Community College awards 6 Metro Detroit start-ups

The Innovation Fund Macomb Community College has awarded six early stage companies in Metro Detroit with  a total of $375,000 according to an article in Crain’s Detroit Business. The grants are funded by J.P. Morgan Chase and Co.

Three well-established early stage companies will receive $100,000, according to the article. Companies who receive funding from the innovation fund agree to provide job experiences for Macomb Community College students.

The established companies include ENT Biotech Solutions Inc, a medical device developer; Sentinl, a biometric trigger lock manufacturer; and SPLT, a carpooling system for universities, corporations, and municipalities that has recently partnered with Lyft.

Three more early start-ups will receive $25,000 each. These include CityInsight, a water utility app developer; Make-Cup Concepts, a makeup container developer; and Sign-on C.P.R., which teaches American Sign Language.

The fund began in July 2015 and has awarded $1.2 million to 19 companies.

The next funding application deadline is December 15 for companies located within Metro Detroit.

Source: Crain's Detroit Business