Did you know that Michigan business incubator and support organization SPARK helps with guiding regional entrepreneurs through the startup process as well as helping them secure funding? Ann Arbor SPARK focuses mostly on tech businesses, but even if you’re not in the tech space (and even if you’re not in Michigan), you can find information about how to navigate the startup funding process on their website where they lay out the process of finding funding by growth stage. This handy and short guide can help you find local programs where you might find funding to tide you over until your business reaches growth stage.
Michigan is emerging like every other state from the haze of the COVID-19 pandemic. As companies and individuals chart a course forward, Cronicle wanted to check on the base of the tech startup pipeline: funding. Patti Glaza and Ara Topouzian have front-row seats to VC funding in Detroit, and in Michigan overall, and were gracious enough to spend an hour talking with us about what they’re seeing in the tech startup space after 2020. We hope that whether you are tech talent, a VC investigating Michigan’s startup space, or a startup founder looking for funding, our conversations with the folks in the venture capital scene help you connect with resources that help you also chart a course forward as the pandemic winds down.
Emily Heintz has been featured in Forbes Magazine, Axios, and VentureBeat. She was also named to Crain’s Detroit Business 40 Under 40 List. Heintz is the founder and managing director of EntryPoint, a research firm that specializes in conducting research and compiling reports on the state of the entrepreneurial ecosystem in Michigan. Heintz founded EntryPoint several years ago, but previously worked to support the growth of the Michigan entrepreneurial community through the Michigan Venture Capital Association, Michigan Economic Development Corporation, and Ann Arbor SPARK. Why all this news coverage of her work? Heintz founded EntryPoint just as Michigan’s economy was undergoing major shifts toward more of an entrepreneurial economy.
It’s an improving but still perennial issue for the “flyover states”: finding funding for your business. Different types of tech companies require different types of funding, but it never hurts to know who is out there. With this in mind, the Michigan Venture Capital Association has created the Michigan Entrepreneurial & Investment Landscape Map, which includes not only local and regional VCs and angels but also economic development corporations, university partners, funds of funds, and more.