Business accelerator launched for small and mid-size advanced manufacturing companies

The fourth industrial revolution is coming. And thanks to a $2.5 million investment fund made possible through the Michigan Economic Development Corporation, Michigan is poised to get a leg up on the competition. In what’s being touted as the first of its kind in the U.S., Troy-based technology and business association Automation Alley has announced the creation of the Industry 4.0 Accelerator program. With support services from Lean Rocket Lab and Lawrence Technological University’s Centrepolis Accelerator, the Industry 4.0 Accelerator program will start with $1.3 million set aside for small and mid-sized technology and manufacturing businesses. The money will help said businesses commercialize products, services, and technologies. Industry 4.0 is challenging the way businesses operates around the globe. It’s no longer a question of whether your company will be affected by the digital transformation but when, says Tom Kelly, executive director and CEO of Automation Alley.