Funding Location

Eligible counties are highlighted.

Funding Options

Funding Option A - Grant

  • Recipients of this proof-of-concept grant receive up to $25,000 to evaluate market opportunities, advance a prototype, file patents, etc.

Funding Option B - Early Launch Award

  • Recipients of these early launch funding awards will receive up to $100,000 for additional proof-of-concept activities, development and refining of the business model, customer acquisition, market test products, key personnel hiring, advance product testing, etc.

Funding Requirements

  • We are looking for startups that are scalable, can create jobs, and provide rich educational opportunities for Macomb Community College students. Recipients of our awards must agree to:

    • Receive mentoring support from Macomb Community College’s Center for Innovation and Entrepreneurship – provide an educational experience for a student or class related to entrepreneurship
    • Specify how the funds will be used and agree to clear milestones
    • Provide activity and metric reports on a regular basis

    In addition, Level B award recipients have additional obligations:

    • The educational experience must include at least one paid internship
    • Recipients must match the award on a 1:1 basis
    • Recipients must agree to a Fund Replenishment Right (FRR), which makes the Innovation Fund evergreen, if the company is successful  

Sectors We Focus On

  • The Innovation Fund Macomb Community College, Powered by JPMorgan Chase & Co., funds the most promising technology startups  in the following high-growth areas:

    • Advanced Manufacturing
    • Information Technology
    • Alternative Energy
    • Healthcare
    • Supply Chain
    • Logistics

Upcoming Dates

Applications are accepted on a rolling basis. The application must be fully completed, including the required financial data in the provided workbooks within the application, in order to be considered during the active cycle. Applicants requesting to use an alternate financial platform must contact Stacey Frankovich at (586) 286-2160 or frankovichs81@macomb.edu prior to financial data submission deadline for approval.

Open Application

12/16/16

Financial Requirement Due

3/1/17

Application Deadline

3/15/17

Open Application

3/16/17

Financial Requirement Due

6/1/17

Application Deadline

6/15/17

Learn More At An Info Session

If you’re thinking about applying to Innovation Fund Macomb Community College, you should drop in on a free info session where we explain the ins and outs of our application process. We’ll also highlight some of the region’s most effective entrepreneurial support organizations.

Southeast Michigan Portfolio Spotlight

"Starting a business has not only helped me grow as an entrepreneur but a person as well. The most surprising aspect is that you have to get out of your comfort zone on a daily basis. Every day there is a new problem or issue you have to overcome and conquer.”
     -- Abess Makki, CEO, CityInsight
 


“The process of taking an idea from the back of a napkin and turning it into a product is the experience of a lifetime. It's rewarding to help improve medical care delivery. We feel like we can make a difference. “
     -- Andrea Dickson, Co-Founder & CEO, ENT Biotech Solutions
 


“We designed Make-Cup to save women time and money on cosmetics and the application process, and to reduce plastic waste created by the health and beauty industry. We can't wait to get the final design to our customers.”   
-- Christina Bellas, President & CEO, Make-Cup Concepts
 


“I believe Detroit has the perfect balance to create tools to support responsible gun ownership.  We’ve got the engineering talent to develop the solution, the design talent to convey it and the manufacturing talent to deliver it. “
     --  Omer Kiyani, Founder & CEO, Sentinl
 


“I believe in breaking down barriers between the hearing and deaf communities. My goal is to actively engage deaf individuals in the American Sign Language learning process using the simple power of everyday technological tools.”
     -- Ashlee Trempus, Co-Founder, Sign On Connect.Practice.Retain.
 


“My vision is to change the way people meet and move worldwide. We are doing what we can to try and recover our environment for the world's future generations. We are tackling global challenges by providing mobility access for all, thereby extending new opportunities for economic growth and social progress in cities worldwide.”
     -- Anya Babbitt, Founder, SPLT          


Southeast Michigan News

Success stories are a big part of what we do. Read the latest news on all of our current and former entrepreneurs and their businesses.

About

The entrepreneurs we fund give back to the Innovation Fund and the region through education. Recipients are required to provide an entrepreneurial educational opportunity or internship for students, faculty or staff at Macomb Community College. By helping entrepreneurs succeed while inspiring a new generation of innovators, we hope to foster a new culture in Southeast Michigan where innovation and entrepreneurship are encouraged and supported.

 

Southeast Michigan Vital Statistics

Having just started in January 2015 we’ve been bridging the gap between passions and pursuits. And much like the businesses we help create, numbers define our success. That’s why we are proud of every accomplishment we’re a part of.

d
24
Companies
c
238
Students Engaged
b
$1.4M
In Funding