Automation Alley, Michigan’s Industry 4.0 knowledge center and a World Economic Forum Advanced Manufacturing Hub (AMHUB)for North America, is pleased to be a recipient of a $1.3m grant from the U.S. Economic Development Administration’s (EDA) Office of Innovation & Entrepreneurship through its Build to Scale Program. This is Automation Alley’s first time receiving the grant, which was awarded for Automation Alley’s Industry 4.0 Accelerator(I4.0 Accelerator) and announced today at an event held at TechTown Detroit.
EDA’s Build to Scale Program presents grants to organizations that are aiding companies in developing the next generation of technologies. These organizations may be operating initiatives to unlock investment capital across a region or sector, operating programs to accelerate company growth, empowering the next generation of entrepreneurs, and/or enabling technology commercialization. This year’s Build to Scale Program has two components – the Capital Challenge and the Venture Challenge. Automation Alley’s award is part of the Venture Challenge, which seeks to support entrepreneurship and accelerate company growth in communities, regions, or combinations of regions; the Capital Challenge aims to increase access to capital in communities where risk capital is in short supply.
