Albion Economic Development Corporation
These zones provide resources and support to help companies commercialize ideas and patents, thereby driving economic growth and job creation.
Further, each SmartZone includes technology business accelerators offering a variety of services, such as:
- Business development mentoring
- Networking events
- Business feasibility studies
- Business planning
- Coaching
- Entrepreneurial training
- Grant writing assistance
- Incubator and wet lab space
- Management recruitment
- Market analysis
- Product development
- Assistance with Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs
- Technology assessments
- Technology mining
- Venture capital preparation and introductions
In Michigan, there are 21 SmartZone's located across various regions with Albion residing in the Southwest Michigan Region. Each SmartZone is tailored to leverage local resources and strengths, fostering innovation and economic development within its community.
The nearest SmartZone's in Region 8, Southwest Michigan, are located at:
- Battle Creek SmartZone: Battle Creek Unlimited
- Kalamazoo SmartZone: WMed Innovation Center
AEDC can partner with these SmartZone's to: (1) enhance support for entrepreneurs by providing access to specialized programs and facilities, (2) facilitate resource sharing by utilizing incubator spaces, scientific equipment, and business development services, (3) expand networks by connecting with local businesses who have industry experts, investors, and peer entrepreneurs, and (4) access to funding opportunities through leverage programs like the Business Accelerator Fund & Emerging Technologies Fund to support local startups.
