Wayne State University business and technology incubator TechTown has received a whopping $1.5 million grant from the Kresge Foundation. The grant funds, representatives say, will be used for renovations to the incubator’s flagship building, TechOne, and for working capital.
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TechTown, a product of the vision and leadership of Wayne State University President Irvin D. Reid, is home to more than 30 entrepreneurial, technologically oriented companies, many with significant growth potential. Its primary areas of focus are life sciences and sustainable energy, and one early tenant, Asterand, has become an international, publicly traded company.
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