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Michigan Business Innovation Association
Helping Foster State, Local and Regional Economic
Success Through Business Incubation

Members

Michigan Business Innovation Association is comprised of the state's most innovative business incubators, accelerators, co-working spaces, maker spaces, economic development partners, and entrepreneurial support organizations who are focused on innovation, creating jobs and developing Michigan's local economies. The MBIA provides a supportive entrepreneurial environment that stimulates the growth of business to ensure economic vitality and encourage job creation.

Resources

The MBIA fosters communication and exchanges ideas among ESOs - Entrepreneurial Support Organizations, their leadership teams, clients, entrepreneurs, new ventures, and other stakeholders. We serve as a clearinghouse for the collection and dissemination of information about incubators, accelerators, co-working spaces, maker spaces to assist entrepreneurs with new business ideas, providing a basis for mutually supportive group efforts that promote the public image of ESOs and their economic impact.

Leadership

MBIA recognizes the involvement of entrepreneurial support organizations in transforming the Michigan economy, and hopes to bring together incubators, accelerators, co-working programs, maker spaces, entrepreneurs, economic developers, consultants, service providers, and other stakeholders into a dynamic network of organizations and individuals committed to forwarding the Michigan economy.






News


ACRE AgTech Launches Accelerator in August 2019

ACRE AgTech announced our first accelerator in April 2019. Of the 40 startups that applied, three were selected to participate based on our awareness of some of the key challenges Michigan’s $100 Billion agriculture industry faces. On August 26, 2019, these dynamic startup companies will begin a 12-week program designed to help them launch their innovations into the Michigan agricultural community.


ACRE selected these three companies because of their demonstrated ability to address real problems with tangible solutions. The founders of these companies displayed the resiliency, entrepreneurial spirit, and can-do attitudes required of a growing, innovative organization. Over the 12-week cohort, the founders will interact with leaders in agriculture and business from across the state. The coaching and mentoring they will receive, covering a wide range of business practices, will train them to lead their young companies into the agricultural industry.


The mission of the ACRE AgTech Accelerator program is to improve conditions for Michigan farmers and catalyze economic development by helping launch new businesses. For more information or to become involved with ACRE AgTech Accelerator, contact Doug Huesdash, Chief Operating Officer, at 616.450.5274 or doug@acreagtech.com

Friday, August 23, 2019

ACRE AgTech Accelerator is On Track to Meet Michigan’s Innovation Needs

At the 2019 Pure Michigan Agriculture Summit, Jeff Mason, CEO of the Michigan Economic Development Corporation (MEDC), said it best: “. . . agriculture is in our DNA. Through new processes, tech, and products, Michigan farmers are transforming the industry.”

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Tuesday, April 02, 2019

Register Now for the 2019 MBIA Annual Member Meeting & Workshops

Join us on March 20 for a day of networking, learning, sharing, and supporting entrepreneurship in Michigan. Those traveling from out of the area who are staying overnight on March 19 are invited to a meet and greet that evening. This event is open for members and non-members alike.

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Monday, February 04, 2019

2018 MVCA Research Report

Strong Michigan venture firms are a critical factor in the success of Michigan startups. With Michigan venture investors backing nearly every Michigan venture-funded startup, the health of our state’s entrepreneurial economy hinges on our ability to provide capital to our high-growth, high-potential companies.

Key Findings:

*There are 134 venture-backed companies in Michigan.
*68 startups received $179 million of venture capital investment in 2017, a 100 percent increase over the last five years.
*$11.4 million was invested in eight Michigan startup companies led by a diverse CEO.
*There are 29 venture capital firms headquartered or with an office in Michigan.
*Total capital under management in Michigan in 2017 was $3.9 billion.
*Every $1 invested in a Michigan startup by a Michigan-based venture capital firm attracts $3.83 of investment from outside of Michigan.
*472 of venture firms from outside of Michigan have invested in Michigan-based startups, a 376% increase over the last five years.
*There is a total of 87 venture capital professionals and 797 angel investors in Michigan.
*There was $41 million of angel investment in 70 Michigan startups in 2017.

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Monday, February 04, 2019

2018 Membership Rate Increases

In an effort to make membership in MBIA even more beneficial and easier, we have created a new membership category that will incorporate two separate payments into one. Called the VIP All-Inclusive level, this option includes membership dues AND registration for the annual Member Meeting, valued at $100 per person. The VIP All-Inclusive levels are:

Associate $200
Organizational $330
Consultant/Vendor/Partner $375
Premier Member (5 members, 2 admissions to the annual member meeting) $425

For comparison, the other 2018 membership rates are:

Associate (1 member) $100
Organizational (2 members) $130
Consultant/Vendor/Partner (2 members) $175
Premier Member (5 members) $225

The 2018 membership rates do include a slight increase from 2017. Membership rates have not changed at MBIA since 2011. Even with an all-volunteer board and a 1/4 time admin/marketing person, the costs of running the Association have increased. Frugality and efficiency have been the hallmark of the board for years, and we don't anticipate changing that anytime soon. We sincerely hope that the modest rate increase in 2018 will not be a hardship for any member. The minimal increase in dues will enable the Association to continue offering the benefits that members have come to expect, like an interactive website, connectivity among Michigan entrepreneurial support organizations, and interesting meetings and networking events. Thank you for your membership and your participation in the Michigan Business Innovation Association.

Sunday, December 10, 2017

Michigan State selects startups for incubator program

Michigan State University's Conquer Accelerator has selected a new group of startups for the school's second Innovation Celebration, according to an MSU news release.

Hosted by Spartan Innovations, which is an incubator for startup companies funded by the MSU Foundation, the program aims to help entrepreneurs plan for growth and overcome business hurdles.

Five Michigan-based startup teams have been selected for the cohort. Each will receive $20,000 in funding and participate in a 10-week program that includes mentorship, a creative working space, support and resources.

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Monday, April 24, 2017

CMURC to open 3rd location in Saginaw's SVRC Marketplace

FOR IMMEDIATE RELEASE

Central Michigan University Research Corporation announces expansion in Saginaw Business incubator and accelerator will open its third location in the SVRC Marketplace

MOUNT PLEASANT, Mich., Apr. 20, 2017 – What was once filled with the buzz of local information and updates soon will be humming with a different type of news: new product ideas and businesses. Today, Central Michigan University Research Corporation announced it will open its third location inside the SVRC Marketplace — the iconic former home of The Saginaw News — next year.

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Monday, April 24, 2017

Release of MichiganVCA Annual Research Report

Strong Michigan venture firms are a critical factor in the success of Michigan startups. With Michigan venture investors backing nearly every Michigan venture-funded startup, the health of our state’s entrepreneurial economy hinges on our ability to provide capital to our high-growth, high-potential companies.

Key Findings:

- There were 141 active venture-backed startups in Michigan in 2016, which is a 48% increase in the last five years.

- 54 startups in Michigan received more than $222 million from Michigan venture capital firms in 2016, a 42% increase from the previous five years.

- Every $1 invested in a Michigan startup by a Michigan venture capital firm attracts $4.61 of investment from outside of Michigan.

- There are 33 venture firms headquartered or with an office in Michigan.

- Total venture capital under management in Michigan in 2016 was $4 billion

- In the last five years, the number of venture capital investment professionals living, working and investing in Michigan has increased by 41%.

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Thursday, April 13, 2017

Calendar of Events


Michigan Business Innovation Association 2019 Website Designed by Vieth Consulting