MTEC SmartZone Announces The 6 Companies For Their Inaugural AMMP Accelerator Cohort
HOUGHTON, MI – 04/10/2024 – MTEC SmartZone is pleased to announce the selection of five companies for its inaugural cohort of the AMMP Accelerator program. This initiative aims to support early-stage companies focusing on either advanced materials or advanced manufacturing sectors. Committed to fostering innovation, job creation, and positioning Keweenaw as a leading startup innovation hub in the Upper Midwest, MTEC SmartZone views this effort as a significant step forward in its ongoing support of entrepreneurs.
The five selected companies are: Clear Water Nanotechnology, BioMang, Resurgent Innovations, Integrated Molecular Innovations, and O2 Innovate.
Clear Water Nanotechnology operates under The Waterborne Biosensor Project, leading the charge in introducing revolutionary monitoring technology to combat water pollution and ensure water safety.
BioMang is building on research conducted since 2005 to use metal-reducing bacteria for low-cost, environmentally sustainable recovery of industrially important metals, particularly manganese and iron.
Resurgent Innovations is in the process of commercializing a new pyrolysis reactor design that aims to handle plastic waste by building a missing link in the circular economy of plastics.
Integrated Molecular Innovations, LLC is revolutionizing healthcare by shifting from reactive diagnostics to proactive health monitoring with their cutting-edge biosensing technology.
O2 Innovate has developed a medical device that integrates a higher oxygen concentrator and user monitoring to enable oxygen users to finally be mobile again.
David Rowe, CEO of the MTEC SmartZone, expressed enthusiasm about the project's potential impact. "The AMMP Accelerator program represents a significant milestone in our efforts to cultivate innovation and drive economic growth in the Upper Midwest," said Mr. Rowe. "With the support of the EDA Venture Challenge Build to Scale funding, we are confident that this initiative will not only create job opportunities but also foster a thriving community of entrepreneurs and innovators.”
The AMMP Accelerator program’s inaugural cohort begins April 30th and will run 13 weeks through the summer. Companies will be attending all sessions in-person at MTEC offices in Houghton. There will be opportunities for interested community members to attend some learning sessions, which will be documented on the AMMP Accelerator website and on social media. To stay updated on the program's progress and events, we encourage you to visit www.AMMPaccelerator.com and subscribe to our newsletter.
###
About AMMP Accelerator
The AMMP Accelerator program is designed to support around five cohort companies every three years, fostering a sustainable model for startup acceleration. Through targeted training and mentorship, the initiative aims to catalyze economic growth, with a projected creation of 40 full-time equivalent (FTE) jobs in the Upper Midwest region. Additionally, the program will provide guidance and mentorship to approximately 120 companies in the community, driving forward the region's entrepreneurial ecosystem.
About MTEC
Michigan Tech Enterprise Corporation (MTEC) is one of 21 SmartZone Incubators in the State of Michigan. MTEC is a 501(c)(3) non-profit organization working with the Michigan Economic Development Corporation (MEDC), its mission is to facilitate the creation and ongoing success of high-tech value propositions in conjunction with the local entrepreneurial ecosystem. Since 2003, the MTEC SmartZone has provided mentoring, technical support, and other services to local companies that have led to the creation of over 800 high-tech jobs in the Houghton and Hancock Michigan area.
