DETROIT, March 17, 2011 /PRNewswire/ -- According to a study led by the Kauffman Foundation, the Business Accelerator Network for Southeast Michigan – the group of the region's four key business accelerators – Ann Arbor SPARK, Automation Alley, Macomb-OU INCubator and TechTown have created more than 1,000 jobs and invested approximately $18 million in hundreds of start-up companies while securing more than $101.2 million in additional capital, a 6-to-1 investment ratio. This regional evaluation of assets lays out the powerful existing capabilities of these business accelerators and substantiates that the network provides the support needed to create a robust entrepreneurial ecosystem.
The study concludes that Michigan already has in place many programs and initiatives that have been designed for entrepreneurs.
The Business Accelerator Network for Southeast Michigan's asset map details the network's strengths at building and supporting an entrepreneurial culture in southeast Michigan while also pointing out overlap in services, with the goal of determining how to strengthen the network and better encourage business growth and job creation.
To read the full, original article click on this link: Kauffman Study Reveals an Entrepreneurial Support Powerhouse in Southeast Michigan -- DETROIT, March 17, 2011 /PRNewswire/ --
