The University of Michigan has a Princeton Review #1-rated ecosystem for student entrepreneurs and multiple venture accelerators, which is great support for budding startups in Ann Arbor and Michigan’s growing tech industry. But what really goes on behind closed doors? As supportive as the University of Michigan is for new businesses being spun out from faculty or run through funded programs with multiple levels of mentorship, this can all still look a bit opaque from the outside. As part of our mission to highlight the accelerating growth of Ann Arbor and Michigan regional tech over the past few years, we wanted to sit down with the Desai Accelerator run out of U-M’s Zell Lurie Institute at the Ross School of Business to hear how things work and what resources are out there for people looking to connect. This is a newer program, and still being shaped.
In our recent two-part series on the student entrepreneurs of the University of Michigan at the TechArb accelerator and Innovation in Action program, we profiled a young entrepreneur named Scarlett Ong Rui Chern and her venture called Peerstachio. One of the things that struck me as I interviewed Chern was the sheer number of grants she had managed to wrangle to keep her venture afloat, and the amount of support she had received from TechTown and the University of Michigan programs and departments dedicated to supporting student entrepreneurs. “There are so many resources at U of M,” Chern tells me, “we really have the upper hand.”