Two New Incubators Open in MichiganBy Amanda Lewan on June 24th, 2013 /
When you think about startups in Michigan most people tend to think about our bigger cities: Detroit, Lansing, Ann Arbor, and Grand Rapids. While there is a lot of tech and startup activity in those cities, there are resources available elsewhere. These two new business incubators are opening in Michigan, creating opportunities in cities that are not quite startup hubs (yet!).
Coolhouse Labs just opened up their summer accelerator program in the beautiful town of Harbor Springs. Working on the shores of Lake Michigan sounds amazing, and they describe it on their site as a “summer camp for startups”. The three month program provides work space, mentors and other perks, as well as $25,000 in seed funding for 6% equity. But if you’re looking for a longer and larger commitment, their year long program allows for up to $100,000 in funding. The incubator says they allow for follow up funding too.
IncWell is open in Birmingham and seeking applications for big ideas in health, software, or transportation among others. Investments from this private fund are large, from around $25,000-$250,000. The program is run by Tom LaSorda, former CEO of Chrysler and Fisker Automotive, with partners including Roger Penske, Founder and CEO of Penske Corporation. Birmingham is beautiful city not too far from Detroit, and this program allows for funding, space, and access to consulting.
Looking for more resources? Check out our list of Michigan incubators and coworking spaces, and comment if we’re missing anything on the list.