TechTown looks to leverage $5M in funding, expertise into 400-500 start-ups

Model D, 5/28/2009

TechTown is prepping for a big growth spurt within the next three years.

Excerpt:

TechTown has some ambitious goals for expansion and a big check to back it up.

Right now the business incubator just south of New Center serves as the home to 90 some start-ups in old auto-factory buildings converted into state-of-the-art office space and laboratories. The latest plan calls for a rapid expansion of its campus to facilitate between 400-500 start-ups within the next three years.

"We are the launching pad for innovation and the knowledge economy," says Jay Noren, president of Wayne State University.

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Detroit