Ann Arbor SPARK receives $1 million in state funding for new business incubator collaboration efforts
Angela Cesere | AnnArbor.com
The primary focuses of the effort will be increasing collaboration between incubators and bridge funding gaps for startup companies SPARK CEO Paul Krutko said in a statement.
“This award enables Ann Arbor SPARK and its WCIC partners to provide companies and entrepreneurs with access to critical services that catalyze revenue growth, job creation and new investment,” he said.
SPARK operates two incubators in Washtenaw County. SPARK Central is located on East Liberty Street in downtown Ann Arbor and the SPARK East incubator is on West Michigan Avenue in Ypsilanti. Laurel Champion, MLive's general manager for Southeast Michigan is on the Ann Arbor SPARK business development committee.
The new collaborative will allow startup businesses greater access to wet lab space at MC3 and MRI in addition to greater technical vetting and product prototyping.
According to the press release, the WCIC will create 10 new jobs in various entrepreneurial support positions to help administer the new incubator services and infrastructure.
Ben Freed covers business for AnnArbor.com. You can sign up here to receive Business Review updates every week. Reach out to Ben at 734-623-2528 or email him at firstname.lastname@example.org. Follow him on twitter @BFreedinA2