Lawrence Tech, Southfield to invest in incubator for small manufacturers
Lawrence Technological University and the city of Southfield are banding together to renovate a 6,300-square-foot center to house a business incubator and accelerator to support small manufacturers and hardware startup companies with product development and prototyping.
“We carved out a niche in support of that, as there weren’t other accelerators or incubators in the area that were supporting manufacturing and product innovation,” Mark Brucki, executive director of corporate and community partnerships at Lawrence Tech, told Crain’s.
The center, to be called the Centrepolis Accelerator, will be housed in a portion of the Enterprise Center, an office building formerly known as the Mark Plaza, next to the campus that was purchased by the university in 2015 for around $3.7 million, according to Brucki. The city of Southfield is contributing $1 million to the build-out of the center, through funds from Southfield’s Centrepolis SmartZone program.
The Michigan Economic Development Corp. is pouring $250,000 into the renovation as well, Brucki said. The New Economy Initiative is providing operational support to the tune of $40,000, and the MEDC will provide a $100,000 Gatekeeper grant for operational support, which the city will match, Brucki said.
The center is to include dedicated client office space, coworking space, conference rooms and event space, Brucki said.
“The main focus of it will be a product development and innovation lab, where we will have digital design studio on augmented reality, (a) virtual reality lab for product realization and a prototyping area for 3-D printing of those products,” he said. Dan Radomski, who came on board in August, will lead the program as director. “We have a mentor and resident that is under contract to support him, as well as marketing and staff support, so very lean right now,” Brucki said.
He said the program is looking to serve about 15 to 20 small businesses per year on a “very hands-on and at a very integrated level,” and he expects to have more companies coming in to use the facility.
Posted By: Crain’s Detroit Business on November 13, 2018. For more information, please click here to read the source article.
To receive the In The Know from Signature Associates, please click here to be added to our mailing list.
« Back to News
Did you know?
- In 2018, Signature completed more than 1,129 transactions totaling 29.8 million square feet and 1,494 acres with a total value of $969 million.
- Signature Associates has 6 veterans or active duty military officers.
- Almost 60% of Signature’s professionals have been with the firm at least 10 years.
- Signature completed more than 1,129 transactions in 2018.
- Signature loves animals! Over 60 professionals have dogs and 20 professionals have cats and collectively we’ve raised thousands of dollars in the last year alone for area animal shelters.
- Signature is featured as: Best & Brightest Companies to Work For 2018 & 2017, Cool Places to Work 2018, 2017 & 2016, and Top Workplaces 2018, 2017, 2016, 2015 & 2014
- Signature Associates and its team donate time and money to over 40 organizations throughout Michigan, Ohio and the United States.
- Signature Advisory and Management Services team performed comprehensive construction management services for projects totaling over $60 million and managed more than 8 million square feet of commercial space for our third-party clients, making us the largest locally owned third-party property management firm in the market.
- Signature Associates has completed more industrial leases than any other brokerage firm.
- Signature Team Cares was formed in January 2017 to help further our efforts and long history of partnering with local organizations to improve lives and to benefit our communities.