TechTown’s Capital Program was created to assist companies who have completed a TechTown program, or who are part of the TechTown community, with access to capital to grow or scale their businesses. Recognizing that funding is often a barrier to growth, we are committed to providing content, resources and tangible tools to access funding that will assist in propelling business in a valuable way.
Programs / Opportunities –
The Business Accelerator Fund (BAF) is available to participating business accelerators in Michigan’s statewide SmartZone network. These funds are used toward the delivery of specialized services that are not otherwise available from these business accelerators to assist advanced technology companies, regardless of the company’s geography. A participating business accelerator will engage a third party specialist to help advance the client’s path to commercialization, company success and economic impact for the state of Michigan.
BAF requests are reviewed and awarded through a competitive process.
A company may not receive more than $50,000 in BAF services, though most engagements are in the $7,000 to $15,000 range.
TechTown is a participating partner and administrator of BAF Funding.