By guest authors Irina Patterson and Praveen Karoshi I am talking to Ebony Johnson, Entrepreneurial Programs Champion at TechTown, Detroit’s research and technology park. TechTown was established in 2000 by Wayne State University, General Motors, and the Henry Ford Health System with focus on emerging high-technology industries including advanced engineering, life sciences and alternative energy.
By guest authors Irina Patterson and Candice Arnold Ken: So, our client, Advanced Battery Concepts, created a revolutionary technology, lead acid batteries that have a longer life cycle, weigh half as much, and cost less to produce. We have lead acid batteries all over the world. China would like to have lots of electric scooters.
By guest authors Irina Patterson and Candice Arnold Irina: Do you use a lot of volunteer mentors? Ken: Yes. Our mentor profiling is I’ll work for fame and feeling good or I’ll work for fortune. If you want to work for fortune, then you want to eventually get paid, or you’ll take equity. We’re letting
By guest authors Irina Patterson and Candice Arnold Ken: I wish you could interview all of our ribbon partners. We have work going on in Cadillac, Michigan, in Claire, Michigan, in Mt. Pleasant, Michigan, in Marlette, Michigan. Some of these are pretty small towns. We’ve got groups supporting small businesses, bringing them what we believe
By guest authors Irina Patterson and Candice Arnold Ken: To me, the concept of saying we’re an incubator is somewhat arrogant. I’ve run two venture-backed companies that have IPO’ed. I’ve run a public company for years, after our IPO. I’ve been through those, and I found that there were lots of people who showed up
By guest authors Irina Patterson and Candice Arnold Ken: Through our center, Chris Moultrup directs a program we call 1,000 Angels, which is a statewide initiative to expand angel investing in the state, whether it’s done by individuals on their own or working with universities in setting up alumni networks. We know that we need
By guest authors Irina Patterson and Candice Arnold Irina: What about those entrepreneurs who are completely not ready for your accelerator? David: Yes. My guess is that’s somewhere around two thirds. A third of them might get into a program like this somewhere around the world at some point, or they might go on to
By guest authors Irina Patterson and Candice Arnold I am talking to Ken Kousky, CEO of MidMichigan Innovation Center, which is a privately funded, nonprofit organization working to help entrepreneurs grow their businesses in central Michigan. MMIC operates a 112,000 square foot business incubator with significant support from The Dow Chemical Company. The center operates