Detroit continues its lead in the autonomous vehicle and electric vehicle space with new startups coming out every month to address pedestrian safety, in-vehicle AI-based connectivity, and more. As transportation, advanced manufacturing, last-mile logistics, and autonomous technologies advance, expect to see more government investment in these areas to secure Michigan’s future dominance of these markets. Detroit’s got skin in the game and is already investing in an autonomous test highway, multiple self-driving car test facilities, drone deliveries for automakers and the airport, and mobility-focused incubators to support startups across Detroit and the state.
The Midwest is in a renaissance of technology companies, with Michigan at its center. Michigan now has the highest level growth of VC investment of any state this year, with 900% VC investment growth between 2016 and 2020. Ann Arbor isn’t the only tech hub growing in the Midwest, but it is a notable one, with 46% of the tech startups in Michigan located in this one college town, according to EntryPoint Michigan. In Washtenaw County alone, 43 startups in 2021 attracted $215 million in venture capital funding.