You need good soil to grow crops. With dry, cracked, stressed soil you're not going to grow even the smallest bit of anything. You can apply that to startups and entrepreneurs, as well. You need good soil to grow a healthy crop of entrepreneurs. The UM student-run incubator is hoping its good soil will produce a new crop of tech moguls and entrepreneurs.
Excerpt:
Under Google's imposing shadow on East Washington Street in Ann Arbor, more than two dozen University of Michigan students click-clack on keyboards and discuss third-party software, iPhone applications and angel investors. They are all attempting to grow technology-based startups and to see their big ideas succeed as part of the student-run incubator, TechArb.
TechArb, with its 29 budding entrepreneurs representing 11 companies, is the upshot of UM senior Jason Bornhorst's involvement in the entrepreneurial summer internship program, RPM-10.
RPM-10 is a 10-week technology-based accelerator, created by Ann Arbor-based venture capital firm RPM Ventures and the College of Engineering's Center for Entrepreneurship.
Now in its second year, RPM-10 selects three UM student-run startup companies a year and provides them with mentorship and capital to build their company.
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