The Macomb-Oakland University INCubator (Mac-OU INC) recognizes that one of the largest needs of entrepreneurs is capital, so we created Capital Raise Meetup seminars to steer these small-business owners in the right direction. After three consecutive years, Mac-OU INC’s Capital Raise Meetups are still in high demand.
Mike Brennan, Mac-OU INC’s capital strategist, covers the various capital sources in Michigan and discusses how to properly position a company to be qualified for private funding, including private equity, the angel network and venture capital, and/or public funding, including grants, pre-seed, micro-loans and venture match.
Brennan is an accomplished executive and entrepreneur with 26 years of experience in both growth and startup organizations. He has founded five companies, raised $12 million privately for one and cumulatively employed more than 200 people in Michigan.
An example of these funding sources includes the Business Accelerator Fund (BAF), which is available solely through the state of Michigan’s SmartZones. Mac-OU INC is the top SmartZone, out of 18 total, for garnering the most BAF dollars to assist client companies.
In total, $579,004 in BAF dollars has been awarded to client companies through Mac-OU INC. These BAF awards are distributed by the Michigan Small Business Development Center through Mac-OU INC to the various accelerator service providers.
Free Capital Raise Meetup sessions are set from 9:30 a.m. to 11 a.m. on Tuesdays, March 1, April 5, May 3, June 7, Sept. 6, Oct. 4 and Nov. 1. After his group presentations, Brennan is available to further assist participating companies in determining individual needs.
Mac-OU INC supports economic development in Southeast Michigan by accelerating high-tech businesses, cultivating academic innovation and encouraging research and development. To help small businesses grow, the incubator creates customized success strategies for startup and emerging companies in the niche industries of defense, homeland security, advanced manufacturing and technology.
The incubator is located in the Velocity building at 6633 Eighteen Mile Road in Sterling Heights. Those interested in attending the lectures are asked to register in advance by contacting me, Joan Carleton, at (586) 884-9324 or macINC@oakland.edu. For more information, visit the incubator website at oakland.edu/macombouinc.
Joan Carleton is the marketing and communications manager for the Macomb-Oakland University INCubator.