LANSING, Mich. — Sen. Dale Zorn announced on Tuesday that Lenawee Now will be able to better help provide support and development services to area start-up technology companies thanks to a Business Incubator Program Award.
“Start-up companies need access to capital to grow, and this funding will help local tech entrepreneurs succeed,” said Zorn, R-Ida. “By helping innovative new businesses in our area thrive, we are also helping support continued economic growth and job creation — and that is outstanding news for Michigan families and workers.”
The Michigan Strategic Fund (MSF) awarded Lenawee Now, formerly known as the Lenawee Economic Development Corporation, $190,000 over two years for a new staff member who will be responsible for working with technology-based companies in the new Adrian/Tecumseh SmartZone.
The new gatekeeper will work with companies to navigate the entrepreneurial ecosystem, including assisting with Business Accelerator Fund and Pre-Seed applications.
Lenawee Now is one of five nonprofit or university organizations awarded a total of $800,000 on Monday by the MSF to provide business incubator services to early stage technology companies and institutions for commercializing competitive edge technologies.