The Business Accelerator Fund (BAF) is available to participating business accelerators in Michigan’s statewide SmartZone network. These funds are used toward the delivery of specialized services that are not otherwise available from these business accelerators to assist advanced technology companies regardless of the company’s geography. A participating business accelerator will engage a third-party specialist to help advance the client’s path to commercialization, company success, and economic impact for the state of Michigan.
BAF requests are reviewed and awarded through a competitive process.
A company may not receive more than $50,000 in BAF services, though most engagements are in the $7,000 to $15,000 range.
Companies interested in participating are encouraged to contact the nearest participating business accelerator.
For more information, download the Business Accelerator Fund Overview. You can view the map below to find a Business Accelerator near you.
Effective April 6, 2020
BAF services expanded for early stage tech companies in response to COVID-19
Expanded allowable use of funds for high-tech companies in need resulting directly from the public health crisis
Expanded size eligibility requirements and allowable use of funds for high-tech companies developing COVID-19 diagnostics, therapeutics, or innovations that support the health care system’s response to the virus
For additional information, please contact your business accelerator