Emerging Technology Fund (ETF) is sponsored by Michigan Strategic Fund (MSF)/Michigan Economic Development Corporation (MEDC). Designed to expand funding opportunities for Michigan technology-based companies in the federal innovation research and development arena by providing matching dollars to eligible Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) proposals.

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Services for my Tech Company BBC Entrepreneurial Training and Consulting (BBCETC) BBCetc manages the Michigan SBIR/STTR Assistance Program, which provides group training and one-on-one proposal development consulting to Michigan’s technology-based entrepreneurs and early-stage companies.

The program’s goal is to increase Michigan’s share of Small Business Innovative Research (SBIR) and Small Business Technology Transfer (STTR) funding by enhancing the competitiveness of SBIR/STTR proposals.

Defense Programs and Resources The Bid Targeting System, developed exclusively for Michigan companies, provides business intelligence support to help companies better assess which contracting opportunities to pursue, as well as keep track of the status of current and past bids.

Our BTS system aids your company by: More clearly identifying contracts suitable for your company, improving your success rate and providing you with a report detailing what federal and state contracting officers consider your company’s strengths and weaknesses and suggesting actions to strengthen your score.

Incentives and tax abatements, Developer, Blighted Property or Disadvantaged Area, Outside Michigan Company, Grant and Incentive Programs, Unsure, Current Michigan Company, Real Estate Developer, Blighted or Historic Property Brownfield Tax Increment Financing Through the Brownfield Redevelopment Financing Act, Brownfield TIF allows applicable taxing jurisdictions to receive property taxes on the property at the current level and capture the incremental increase in tax revenue resulting from a redevelopment project.

Under a MSF approved Work Plan or Combined Plan, projects can seek reimbursement from state and local property taxes for eligible non-environmental activities. Projects can also seek reimbursement from state and local property taxes for eligible environmental activities through submission of a Work Plan or Combined Plan to the Michigan Department of Environment, Great Lakes, and Energy.

Funding for my Tech Company Business Accelerator Fund (BAF) 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 highly specialized services to their clients that are not otherwise available from these business accelerators.

Participating business accelerators engage third party specialists to help advance the client’s path to commercialization, company success, and economic impact for the state of Michigan.

Find Funding, MEDC Suite Services, Mobility and Electrification, Advanced Manufacturing, Medical Device, Professional and Corporate Services, Tech Support, Engineering, Design and Development, Grant and Loan Programs, Other Industry The Capital Access Program is an innovative program available to assist businesses with less than 500 employees with capital needs.

The CAP uses small amounts of public resources to generate private bank financing, providing small Michigan businesses access to capital that might not otherwise be available.

Find Funding, MEDC Suite Services Collateral Support Program The Collateral Support Program is funded by federal dollars provided under the State Small Business Credit Initiative (SSBCI) Act of 2010, and seeks to enable suppliers to acquire the necessary financing that might otherwise be unavailable due to a collateral shortfall according to the lender’s analysis.

The program will supply pledged cash collateral accounts to lenders to achieve this goal for approved projects. To qualify, a business must be engaged with a private lender for the purpose of acquiring a commercial extension of commercial credit.

Municipality, Grant and Incentive Programs, Urban location, Rural location, Blighted or Historic Property Community Development Block Grant The U.S. Department of Housing and Urban Development (HUD) allocates Community Development Block Grant (CDBG) funding to the State of Michigan, through the Michigan Strategic Fund (MSF) and MEDC, for further distribution to eligible Units of General Local Government (UGLGs) to carry out MSF-approved activities.

The federal statutory authority for the CDBG program is the Housing and Community Development Act of 1974, as amended (HCDA). Commercialize University Technology Early Stage Proof of Concept Fund - Advance This university early stage proof of concept fund, administered by Michigan State University, is designed to provide a pipeline of de-risked technologies and fundable startup opportunities for further advancement.

The program provides matching funds, a strong incentive for faculty with early stage technologies at Michigan universities to engage with their university’s Technology Transfer Office (TTO) and commercialization activities.

Inventors, their technologies and TTOs will benefit through the achievement of critical early stage milestones such as proof-of-concept or market opportunity validation which will lead to follow-on commercialization activities.

Funding for my Tech Company Emerging technologies Fund (ETF) Funding for my Tech Company Entrepreneurs should consider the First Capital Fund as their first investment choice as the First Capital Fund provides “genesis” funds (up to $150,000) to new technology companies at the earliest stages of commercialization in the State of Michigan.

The fund is milestone-driven and focused on helping companies achieve follow-on funding from Invest Michigan, angel or venture investors within 12 months. Services for my Tech Company The First Customer Program assists startups and small companies with identifying critical gaps in business development, marketing and sales.

The program can support, with matching funds or talent, in addressing areas required for a client to acquire their first customer in a current market or when diversifying into a new market. Training and Support, Develop my Idea, Small to Medium Sized Business, Large or Enterprise Business Industry 4. 0, the convergence of digital and physical technologies, is the next phase in advanced manufacturing automation.

Michigan Economic Development Corporation and our partners have the resources and services to help your manufacturing business prepare for the future.

Increase Sales, Industry Connections, MEDC Suite Services, Tech Industry, Mobility and Electrification Industry, Medical Device Industry, Advanced Manufacturing Industry, Other Industry, Professional and Corporate Services Industry, Engineering, Design and Development Industry International Trade Program and Export Assistance MEDC's International Trade Program facilitates trade missions and international trade shows in foreign markets for small- to medium-sized businesses to create in-market networking opportunities.

Additionally, in-state export events and foreign office matchmaking services connect companies to industry peers, including qualified buyers, partners and distributors.

Find Funding, MEDC Suite Services, Mobility and Electrification, Advanced Manufacturing, Medical Device, Professional and Corporate Services, Tech Support, Engineering, Design and Development, Grant and Loan Programs, Other Industry Loan Participation Program The Loan Participation Program seeks to enable companies to acquire the necessary financing that might otherwise be unavailable due to a cash flow shortage according to the lender’s analysis.

The program will participate by purchasing a portion of the loan from the lender for approved projects. To qualify, a business must be engaged with a private lender for the purpose of acquiring a commercial extension of commercial credit for a diversification or expansion project.

Municipality, Grant and Incentive Programs, Grant and Loan Programs Match on Main is a small business grant program for eligible businesses in Certified Redevelopment Ready or Michigan Main Street communities. Match on Main provides up to $25,000 for interior and exterior renovations and working capita.

Incentives and tax abatements, less than 24 jobs, Jobs 25-50, Jobs 51-100, More than 100 jobs, Blighted Property or Disadvantaged Area, Urban, Rural, Outside Michigan Company, Unsure Michigan Business Development Program The Michigan Business Development Program is available from the Michigan Strategic Fund (MSF), in cooperation with MEDC.

The program is designed to provide grants, loans or other economic assistance to businesses for highly competitive projects in Michigan that create jobs and/or provide investment. The MBDP is available to eligible businesses that create qualified new jobs and/or make qualified new investment in Michigan.

Incentives and tax abatements, Blighted Property or Disadvantaged Area, Urban, Rural, Outside Michigan Company, Grant and Incentive Programs, Unsure, Current Michigan Company, Urban location, Rural location, Blighted or Historic Property Michigan Community Revitalization Program The Michigan Community Revitalization Program (MCRP) is an incentive program that encourages and promotes structural renovations and redevelopment of brownfield and historic preservation sites located in traditional downtowns and high-impact corridors.

MCRP provides gap financing in the form of performance-based grants, loans, or other economic assistance for eligible investment projects in Michigan.

Retail Business, Technical Assistance Programs The Main Street Approach™ is a unique, historic preservation based economic development strategy that focuses on leveraging existing social, economic, physical and cultural assets to energize community revitalization efforts and help manage success for the long term.

The approach leads to tangible outcomes that benefit the entire community through encouraging communities to enact long-term change while also implementing short-term, inexpensive and place-based activities that attract people to the commercial core and create a sense of enthusiasm about the community. Explore resources offered by our partners.

Michigan Cyber Range offers a platform for cyber exercise, product testing, digital forensics and professional certifications. There are five publicly accessible cyber hubs located across the state. Training and Support, Industry Connections Local and Regional Economic Development Organizations Local and regional EDOs exist throughout Michigan to support the growth of companies and the creation of jobs in their region of Michigan.

EDOs offer a variety of resources including business incubators, mentoring, connections, funding, talent recruitment and more. All incentives are subject to a business integrity review, background check process, and other general due diligence as required, the results of which are satisfactory to the MEDC, the Office of the Chief Compliance Officer, and related authorities.

Proposed incentives are dependent on availability of funds each year through the legislative budget process. Incentive amounts are contingent upon the ability of the project to meet program requirements and are subject to an application review and approval process. MEDC is Here and Ready to Help When it comes to your business, we’re always open.

Give us a call to learn more about MEDC programs and resources. Executive Vice President & Chief Business Development Officer