A CENTER FOR INNOVATION AND TECHNOLOGY
Detroit maintains dynamic research institutions, a robust IT sector, a high concentration of creative and design professionals, and a growing entrepreneurial community. A prime example is TechTown, one of Detroit’s most established business accelerators. With a full suite of entrepreneurial services for tech and neighborhood enterprises, this nonprofit actively helps start-ups and established businesses develop, launch and grow.
At Oakland University, OU INC provides entrepreneurial resources and strategic business solutions for developing business ventures and accelerating ideas to market. Focused on the energy, medical device, and information technology sectors, the center is dedicated to fostering an environment beneficial to the growth of start-ups.
Detroit is also within one of Michigan’s SmartZones. This statewide initiative promotes resource collaboration among diverse stakeholders by creating distinct geographical locations where technology-based firms, entrepreneurs and researchers locate in close proximity to community assets that assist in their endeavors.
With an eye to the future, Detroit is dedicated to fostering emerging industries and technologies. On the Kauffman Foundation’s 2016 Index of Startup Activity, Detroit was in the top five metropolitans in the U.S. for rankings improvement. Detroit was the first U.S. city to obtain the designation of a “City of Design” as part of UNESCO’s Creative Cities Network—a place where creativity and cultural industries live at the heart of our local development plans.
Detroit’s creative and technology economy also include large players, such as Microsoft Corp., which announced in 2017 that it will open a downtown Detroit office to occupy more than 40,000 square feet and offer space for 200 employees.
Contact: Virginia Wilkinson, Director of Strategy and Business Intelligence