No other state in the nation provides the breadth and depth of entrepreneurial support to budding high growth companies like Michigan.
Even our governor is a former CEO and venture capitalist! And in Michigan, we truly house an eco-system: a coordinated group of programs, service providers, universities, funders, and more.
- In 2011 Michigan became the home to the first U.S. Patent and Trademark Office satellite because of the large number of patents generated here
- Michigan is home to 40 private universities and 15 public universities, 3 of which are large research institutions representing more than $1.5 billion in federal research dollars annually
- The state houses more than 25 business incubators, specializing in everything from food processing to biotech to battery development.
- Michigan is home to the world’s largest business plan competition, awarding $1 million in prizes every year.
- The state has 25 venture capital firms and 8 formal angel funding organizations, and that number grows every year.
We define high-growth technology companies as a business in which applied research and development brings forth an innovative product or process. The innovation typically involves intellectual property that contributes to a strong competitive advantage in the marketplace, and serves as a foundation for a high rate of growth. To learn more about the lifecycle of high growth companies, visit
http://www.michiganadvantage.org/Business-Life-Cycle
