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new business incubator Michigan State University‘s research campus in downtown Grand Rapids provides a new place for tech entrepreneurs to foster innovation.
bridgescheduled to open on March 1 Doug Meijer Medical Innovation Building At MSU’s Grand Rapids Innovation Park, we hope to attract high-tech, high-growth startups committed to commercializing their innovations.
Spartan innovationa subsidiary of the Michigan State University Research Foundation, and Health Innovation Partnerthe joint venture that developed the Meijer Medical Innovation Building, recently opened a call for tech startups that would like to operate in its incubator.
With space for up to 20 companies, The Bridge has seen “overwhelming” interest from tech startups, according to Kyle McGregor, director of health innovation at Spartan Innovations.
“We are here ready to get it started,” McGregor said. “There is a lot of interest in both space and opportunity and promise. We care about filling with companies that can really benefit from each other, and ensuring we have the right people who can join and work together and find ways to improve their business together. We find synergies.”
Located on the fourth floor of the Meijer Medical Innovation Building, the 19,400-square-foot The Bridge offers low-cost space and a ‘one-stop-shop’ for budding entrepreneurs to work on their ideas and access a range of support services . This includes business coaching and education, networking with seasoned entrepreneurs and prospective capital investors such as research foundations Red Cedar Ventures and Michigan Rise Fund.
According to McGregor, Tennant is involved in the business incubator “from day one … you can mingle and mingle with venture capital groups.”
“We kind of have a white coat service here: if you come up with an idea, if you have some kind of innovation that fits that tech category, from the back of the napkin it’s a (a) Series A and that funding It’s part of the round,” McGregor said.
Available co-office space ranges from 250 to 2,400 square feet. The incubator also provides tenants with meeting rooms and phone booths, a work cafe, and a furnished rooftop deck and meeting space.
Many of the startups of interest are involved in health tech, but “any kind of technology could fit well here,” McGregor said. He describes The Bridge as “a hub for integrated talent and like-minded companies to collaborate, make connections, apply for funding, and scale their startups.”
“We have a fair range of people who can obviously be drawn into this area from our portfolio through the Michigan State University Research Foundation. “We are rooting ourselves more holistically within the community to find people looking for places to build, create, innovate, find a home here.” We want to find a way.”
Spartan Innovations has developed The Bridge with Health Innovation Partners, a real estate development joint venture by Rockford Construction/Rockford Development, Walsh Construction/Walsh Investors and Murphy Development Group. The Grand Rapids SmartZone Local Development Finance Authority funded this project.
“There are good reasons why emerging healthcare companies are investing in Grand Rapids,” Mike Mraz, president of real estate development at Rockford Construction, said in a statement. “Bridge exemplifies our collective vision of driving innovation in bioengineering, artificial intelligence and healthcare through medical devices and other technologies, and we believe there is a huge opportunity for healthcare breakthroughs here at Medical Mile. is producing.”
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