Automation Alley

INDUSTRY 4.0

ACcelerator

Powered by Centrepolis at LTU and Lean Rocket Lab

Program Details and FAQ's

Six month program designed to help grow and scale your Industry 4.0 business through investment, events, mentorships, coaching, services and the intensive support. Including but not limited to the following:

Up to $110,000 investment in your business in cash and services
- Potential additional funding support for pilot demonstration projects and product development partnerships
- Potential additional funding support for general business and technical milestones
- Typical Investment consists of $50k cash, and $60k in services provided by Accelerator over 6 months
- Investment in form of Convertible Note for start-ups or loan for established business at 8% annual interest

Automation Alley Membership

One-on-one customized support to help businesses

Direct connections to customers and strategic partnerships in Michigan focused on integrating Industry 4.0 innovations into their operations

Direct connections to hundreds of Michigan reps, manufacturers and suppliers

Best in class business mentors and Industry 4.0 technical advisors

Business growth assessment and milestone planning

Academic engagements including proof of concept projects

Funding strategy and connection to investors

Options to participate in Automation Alley, Centrepolis LTU and Lean Rocket Lab events, workshops, pitch competitions, classes, and conferences

A Technology Readiness Demonstration Fund exists to support the implementation and adoption of technology from teams within our program by our various manufacturing partners

We try to avoid supporting directly competitive technologies when possible, however the accelerator does from time to time support multiple companies within similar verticals. Teams do receive different levels of support based on what stage of the accelerator that they're in. We publish what teams we have made investments in from our accelerator fund. These teams receive the highest levels of direct support, event presence, media placements and other benefits within the program.