The LTU Collaboratory, Lawrence Technological University’s business incubator and accelerator, is planning to expand its business and technology-based mentorship services, workshops, and events. The move is made possible thanks to a one-year $40,000 grant from the New Economy Initiative. It’s the first time NEI has awarded a grant to the Southfield-based university.
Small manufacturers and emerging hardware startups in Southeast Michigan stand to benefit most from the grant. The money will also be used to engage more high schoolers, college students, and young adults in product and manufacturing-related innovation challenges.
“As a leading resource to small and start-up companies developing innovative, engineered products, the LTU Collaboratory can now provide additional key resources for these companies to grow and scale up their operations, thanks to this NEI grant,” said Mark Brucki, executive director of community and corporate partnerships at LTU.
“We are looking forward to getting more students involved in manufacturing as well.”
It’s another improvement for the LTU Collaboratory. LTU is planning on a new 6,300 sq. ft. accelerator space for its Southfield campus by spring 2019.
NEI Senior Program Officer Maria LaLonde cites Southeast Michigan’s abundance of engineering talent, manufacturing expertise, patent research initiatives, and export activity in praising the deal.
“We are very excited to be partnering with LTU to offer small manufacturers and hardware entrepreneurs critical resources to keep them on the leading edge of innovation and growth,” said LaLonde.
“As a university-based accelerator program, LTU is also a key partner to engage and develop the next generation of design, engineering and manufacturing talent in Michigan.”