Inovo got its start in downtown Ann Arbor about a decade ago but eventually moved to the north side of downtown. The innovation-consulting firm is now making a move back to the city's center to help accommodate its growth.
"We wanted to be downtown because we really like the energy," says Josh Botkin, vice president of Inovo
. "It also helps us attract top talent."
Inovo is doubling its office space with its new location next to the Downtown Home & Garden. The new office will accommodate the firm's 13 employees and one intern. It has hired two consultants since last fall and is looking to hire an analyst now.
Botkin describes Inovo as an "innovation consulting firm" and the company's website details its philosophy as "utilizing exceptional knowledge, highly-collaborative methods, and imaginatively-calculated outcomes, we systematically unleash tangible innovation within the world's most visionary organizations. We don't believe innovation is capturing lightning in a bottle. There exists a process to uncover and develop innovations that may be unidentified but ready to discover, or may already exist within your organization."
"We work across a lot of different industries but our focus is on four primary sectors: healthcare, automotive, chemicals and advanced materials and food and agriculture," Botkin says.
Inovo has been able to translate this ethos to a growing client list. The company has focused on scaling its client list in the last few years, which has allowed it to grow its revenues 50 percent last year. Botkin expects to grow the company's revenue another 50 percent this year.
"We have a strong repeat business," Botkin says.
Source: Josh Botkin, vice president of Inovo
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.
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