Wayne State Univ Research & Technology Park In The City Of Detroit

Tech. Neighborhoods. We mean business.

aka TechTown Detroit   |   Detroit, MI   |  https://techtowndetroit.org/

Mission

TechTown is Detroit’s most established business accelerator and incubator, offering a full suite of entrepreneurial services for both tech and neighborhood enterprises. We help startup and established businesses develop, launch and grow, while strengthening and diversifying the local economy.

Ruling year info

2002

President & CEO

Ned Staebler

Main address

440 Burroughs

Detroit, MI 48202 USA

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EIN

41-2061387

NTEE code info

(Economic Development) (S30)

Employment Procurement Assistance and Job Training (J20)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Labs

TechTown’s Labs programs include tech-centric business acceleration, as well as proof of concept, incubation and commercialization services.

Acceleration: An intense, boot-camp style program that vets, validates and “pressure tests” a tech company’s business model. We lead DTX Launch Detroit, a summer accelerator specifically for Michigan college students and recent graduates, and have several other accelerator programs in residence, including VentureWell and gBeta.

TechTown Business Incubation Center: Customized support based on each tech startup’s unique business needs. Ideally, startups entering incubation have a business model based on demonstrated customer need and a technology in the early prototype stage, or will have graduated from a tech-focused accelerator program.

Tech Commercialization: Scouting technologies from universities, health systems and private industry while seeking opportunities to match IP with C-level talent and additional resources for commercialization. We have an executive-in-residence and an entrepreneur-in-residence supporting this work.

TechTown’s Labs team also partners on numerous programs to drive innovation and collaboration across our ecosystem. We are hosts and active participants in a regional, cross-border MedHealth Innovation Cluster, working to coordinate and advance new developments in health care delivery throughout metro Detroit and Windsor, Canada. We also host numerous hackathons, including ErieHack, Hacking Health and the FinTech Challenge, as well as a full slate of public events of interest to the tech and startup communities.

Population(s) Served

TechTown’s Blocks programs offer small business support services that help launch and stabilize local businesses and catalyze neighborhood commercial districts. These programs have developed a reputation for producing winners of major funding awards, including NEIdeas and Motor City Match.

SWOT City: A small business support program for brick-and-mortar enterprises in Detroit neighborhoods. Our staff of passionate, skilled professionals provides one-on-one assistance to help launch, stabilize and grow local businesses and strengthen neighborhood commercial districts.

Retail Services: TechTown’s Retail Services help promising retail entrepreneurs prepare for the launch of their brick-and-mortar businesses. At the heart of our Retail Services program is our Retail Boot Camp, an intensive, eight-week course that prepares serious entrepreneurs with strong retail concepts for the successful launch of their brick-and-mortar business in a core Detroit commercial district. We also provide a range of pop-up opportunities plus customized coaching and mini boot camp workshops.

Population(s) Served

Our building houses the Junction440 coworking space and multiple meeting and event spaces where members of Detroit’s entrepreneurial ecosystem network and converge. J440 has more than 200 members, including tech startups, media organizations, attorneys, marketing firms, other consultants and contractors, and numerous social enterprises and nonprofits.
Our 50+ tenants include several high-tech enterprises, including Asterand Biosciences, the National Institutes of Health’s Perinatology Research Branch, Henry Ford Health System and the Michigan Neonatal Biobank. Other nonprofit and community-serving tenants include Wayne State’s Office of Economic Development, Data Driven Detroit, Community Development Advocates of Detroit, Detroit Garment Group, the Knight Foundation and numerous others.

Population(s) Served

Where we work

Financials

Wayne State Univ Research & Technology Park In The City Of Detroit
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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Wayne State Univ Research & Technology Park In The City Of Detroit

Board of directors
as of 6/1/2020
SOURCE: Self-reported by organization
Board chair

Dr. M. Roy Wilson

President, Wayne State University

Angie Kelly

EY

Brian Holdwick

Ventra Group

Carla Walker-Miller

Walker-Miller Energy Serivces

Charles Burke

The War Memorial

Christopher Graunstadt

Henry Ford Health System

Christopher Rizik

Renaissance Venture Capital

Dana Thompson

University of Michigan Law School

Dr. Farshad Fotouhi

Wayne State University

Dr. Sorin Draghici

Wayne State University

Fredrick Molnar

Michigan Economic Development Corporation

Gabe Leland

Detroit City Council

Hector Hernandez

Southwest Economic Solutions

Jacalyn Goforth

retired, PwC

Jed Howbert

Jill Ford

Toyota AI Ventures

Jim Saber

NextEnergy

Kathryn Levine

Blue Cross Blue Shield of Michigan

Lizabeth Ardisana

ASG Renaissance

Lori Wingerter

General Motors

Mark Coticchia

Henry Ford Health System

Martin Dober

Invest Detroit

Mike Rafferty

Detroit Economic Growth Corporation

Nadia Abunassar

Michigan Economic Development Corporation

Robert Forsythe

Wayne State University

Rodrick Miller

Detroit Economic Growth Corporation

Saunteel Jenkins

THAW Fund

Shannon Smith

JPMorgan Chase

Stephen Lanier

Wayne State University

Steve Ambrose

DTE Energy

Thomas Anderson

Strategic Business Development

Tonya Matthews

William Decatur

Wayne State University

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? No
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? No
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No