Innovation Fund Macomb Community College awards 6 Metro Detroit start-ups
The companies receive funding in exchange for mentoring Macomb Community College students.
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
Related Articles
From Code to Creation: LTU students and alumni bring games to life
As LTUX approaches on April 4, creators at different stages come together to showcase their work, navigate challenges, and turn ideas into playable worlds.
Recast Leaders aim to revitalize local economies
This Recast City program has worked with more than 200 cities in 44 states over the past 11 years.
Nearly $300K in Seed Awards bolster Michigan’s local food and farming
Nearly $300,000 in Seed Awards from the Michigan Good Food Fund will support 18 food and farm businesses across Michigan, helping small, locally rooted operations grow and improve food access.
