A HUB FOR ENTREPRENEURSHIP
Traverse City was recently listed as fourth on the list of ‘Most Popular Micropolitan Areas (Small Cities) for Startups’. Investors, such as the Northern Michigan Angels and Boomerang Catapult, have now injected about $15 million collectively into 45+ local startups. A supportive entrepreneurial environment, combined with a commercial airport (ranked 3rd for most economic impact in the state of Michigan) with more than 17 direct flights linking the region to major markets, expansion of our gig fiber network, and the designation of a Qualified Opportunity Zone, gives Traverse City the assets to make it especially attractive for talent working in technology and entrepreneurship.
A GREAT PLACE TO INNOVATE
tccodes and tccyber
tccodes and tccyber offer learning, networking, and career growth opportunities for software developers and cybersecurity professionals. Hosted by 20Fathoms, these highly-interactive workshops and events are led by local tech experts.
TCNewTech is the Grand Traverse Region’s monthly pitch event, attracting 300+ attendees to connect and talk specifically about technology and entrepreneurship—an audience larger than any technology meetup in the state of Michigan.
20Fathoms is a membership organization for the region’s entrepreneurs, intrapreneurs, tech professionals, creatives, and other innovators. To date $75 million has been raised by 20Fathoms startups and 140 jobs have been created.
A GREAT PLACE TO start a business
Access to Capital?
Don’t let the ‘rural’ put you off. One of our own homegrown companies ATLAS Space Operations is headquartered right here in Traverse City, and can boast to be one of Revolution’s portfolio companies. Check out theses sources of funding for small businesses and startups growing in Northern Michigan.
Looking to develop your early-stage business? Just starting out with an idea with grand plans to scale? There are plenty of local resources available to you when venturing out into the field of entrepreneurship.
Ready to Scale?
Are you ready to grow your business? Check out the many local resources available to help take your business to the next level:
“8 Dreamy Beach Towns for Entrepreneurs ” – LivAbility
A Local Entrepreneur, Doing Business Globally
Ken Davies, and his family moved to Traverse City in 2017. When the 20Fathoms startup incubator and coworking space opened in 2018, Ken was the first to move in. Still working remotely for Microsoft, Ken began to think more seriously about starting his own company.
“I knew what I wanted to do but working at 20Fathoms gave me more confidence to actually do it. I was surrounded by other entrepreneurs who took the risk and they survived… I talked to Casey Cowell [Founder and Principal of Traverse City investment firm Boomerang Catapult], and he said, ‘You should do it.’ I upgraded to a private office at 20Fathoms and got started on Birch. Boomerang Catapult’s investment gave us additional confidence and allowed us to start hiring in Traverse City… We’re planning for continued growth, including here in Traverse City.” ~ Ken Davies, Co-founder and Chief Strategy Officer of Birch Infrastructure
Birch Infrastructure is a member-owned, public benefit company delivering renewable, carbon-free power.
A CULTURE OF ENTREPRENEURSHIP
Traverse City has a history and legacy of building great businesses. Its diverse local economy has seen many transitions over time, originating in the 1850’s with the start of the Sawmill at the mouth of the Boardman River. In the 1950’s John Parson and Frank Stulen patented the first CNC – or Computerized Numerical Control – technology right here in Traverse City. In 1985 they were awarded the National Medal of Technology by President Reagan for automated machine manufacturing, the same year that Steve Jobs and Steve Wozniak of Apple received the medal.
Boom Town: Entrepreneurial Ecosystem Sets TC’s New Trajectory – TRAVERSE CITY BUSINESS NEWS
Watch two of Traverse City’s global business leaders discuss “Why Traverse City” and where they believe we’re headed next. Casey Cowell co-founded U.S. Robotics, Inc. at the age of 23. He served as Chairman and CEO throughout the company’s history culminating in its merger into 3COM Corporation in 1997. McKeel Hagerty is the CEO of Hagerty Insurance.
SPOTLIGHT ON LOCAL TECH COMPANIES
Girls Rule the World
This episode of our Michigan’s Creative Coast Podcast features Katie Horvath, CEO of big data company Naveego (now Aunalytics). It tells the story of how Katie grew up wanting to take on the world and became the first female CEO of a big data company, which started up in Traverse City.
Banner image by Allen-Kent Photography.