The New Economy Initiative (NEI) has awarded Automation Alley a year-long grant to help minority, women and veteran-owned businesses embrace Industry 4.0, the smart factory revolution characterized by the convergence of digital and physical technologies.
The grant aligns with Automation Alley’s existing Industry 4.0 programs for startups, manufactures and defense companies, and will provide resources and knowledge to help these businesses grow and prosper as technology rapidly impacts industry.
“As Michigan’s Industry 4.0 knowledge center, Automation Alley is passionate about ensuring our state’s small and medium-sized businesses understand and have access to the tools they need to transition to an Industry 4.0 workplace. Any time we can reach more minority, women and veteran-owned businesses in the ecosystem its a win-win, and this NEI grant will help us do just that,” said Tom Kelly, Automation Alley’s executive director and CEO.
The grant will be used to deliver Industry 4.0 readiness assessments on corporate strategy and direction to minority, women and veteran-owned businesses. It will also cover the cost of entry to Automation Alley’s Industry 4.0 events throughout the year, which includes its Tech Takeover series held weekly at its Troy Headquarters and Automation Alley’s global Industry 4.0 conference, Integr8, to be held this year on Nov. 14 in Detroit.
“NEI is dedicated to advancing inclusive entrepreneurship support in southeast Michigan” said Maria LaLonde, senior program officer at NEI. “We’re pleased to partner with Automation Alley to empower our region’s women, minority and veteran-led small and medium-sized businesses to prosper by preparing for Industry 4.0.”
Robotic Precision Therapy, a women-owned business based in Troy, was among the first companies to benefit from the grant funds, recently completing an Industry 4.0 assessment with Automation Alley. The company is in the business of providing the first clinical robot designed to non-surgically lengthen muscular tissue to licensed physicians and medical professionals in the rehabilitative and pain management industries.
“Automation Alley’s assessment is a phenomenal resource for the local business community. Their staff provided us with an expansive scope of valuable business insight including first customer acquisition process, consideration of other viable options in marketing and local opportunities to interact with other professionals in our field. In addition, they provided introductions for our group which have become key business connections,” said Arin Rentz, COO of Robotic Precision Therapy.
For more information about this grant, or to see if your company qualifies for support, contact email@example.com.