There's been whole lotta talk about innovation in Metro Detroit but what does it take to incubate that innovation on the ground? Wayne State's TechTown gets spotlighted for its efforts and impacts.
"To date, TechTown is an emerging economic force in downtown Detroit. It has introduced approximately 8,000 Michigan residents to “an entrepreneurial culture” through its public events and walk-in sessions. It has invested more than $700,000 directly into new ventures and has helped clients raise more than $14 million in venture capital.
Wayne State, which manages TechTown, located a few blocks from its midtown Detroit campus, has put some $2.7 million into TechTown between 2007 and 2011, providing about 23 percent of its programmatic funding. Its College of Engineering has provided prototype services and lab space to TechTown companies. The College of Liberal Arts and Sciences provides translation services, while the Law School conducts small business clinics, and its School of Medicine has provided researchers and tissue samples. The university has partnered with TechTown to secure federal and state research grants."
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