Media Report
April 19, 2012FOX Small Business Center highlights WSU business incubator TechTown
http://smallbusiness.foxbusiness.com/entrepreneurs/2012/04/11/techtown-incubator-rebuiling-detroit/
A feature on the FOX Small Business Center website highlights TechTown’s role in boosting entrepreneurship in Detroit and contributing to the city’s economic growth. TechTown CEO Leslie Smith said the incubator has reinvented itself to help the city rebuild. TechTown's original mission was capitalizing on intellectual property coming out of the university, particularly in the bioscience field, Smith said. “Then in 2008, the automotive industry collapsed, and we started to look at entrepreneurship differently,” she said. “Not just for scientific and intellectual property from the university, but as support for entrepreneurs displaced by the collapse. We had to figure out how to expose Detroiters to entrepreneurship as a vehicle to change their economic reality.”
A feature on the FOX Small Business Center website highlights TechTown’s role in boosting entrepreneurship in Detroit and contributing to the city’s economic growth. TechTown CEO Leslie Smith said the incubator has reinvented itself to help the city rebuild. TechTown's original mission was capitalizing on intellectual property coming out of the university, particularly in the bioscience field, Smith said. “Then in 2008, the automotive industry collapsed, and we started to look at entrepreneurship differently,” she said. “Not just for scientific and intellectual property from the university, but as support for entrepreneurs displaced by the collapse. We had to figure out how to expose Detroiters to entrepreneurship as a vehicle to change their economic reality.”
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