{"id":20876,"date":"2024-07-10T17:04:42","date_gmt":"2024-07-10T17:04:42","guid":{"rendered":"https:\/\/michigancentral.com\/?p=20876"},"modified":"2024-07-10T20:31:10","modified_gmt":"2024-07-10T20:31:10","slug":"newlab-at-michigan-central-surpasses-100-startups-in-its-first-14-months","status":"publish","type":"post","link":"https:\/\/michigancentral.com\/newlab-at-michigan-central-surpasses-100-startups-in-its-first-14-months\/","title":{"rendered":"Newlab At Michigan Central Surpasses 100 Startups In Its First 14 Months"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">DETROIT \u2014 Weeks after reopening Detroit\u2019s iconic train station, Michigan Central is marking <\/span><span style=\"font-weight: 400;\">another major milestone, announcing that Newlab in Detroit has surpassed 100 member <\/span><span style=\"font-weight: 400;\">startups. Michigan Central, an open platform for innovation, and Newlab, a global venture <\/span><span style=\"font-weight: 400;\">platform, have partnered to <a href=\"https:\/\/michigancentral.com\/michigan-central-launches-with-newlab-opening-in-reimagined-book-depository\/\" target=\"_blank\" rel=\"noopener\">build an ecosystem dedicated to shaping the future of mobility <\/a><\/span><span style=\"font-weight: 400;\">and are working to re-establish Detroit as a global leader in innovation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Newlab at Michigan Central building opened in April 2023 \u2014 a key piece in the 30-acre <\/span><span style=\"font-weight: 400;\">Michigan Central innovation district \u2014 with an initial cohort of 25 startups. To date, Newlab at <\/span><span style=\"font-weight: 400;\">Michigan Central\u2019s membership has grown to 106 member companies and about 675 <\/span><span style=\"font-weight: 400;\">individual members representing the mobility, transportation, logistics and climate tech <\/span><span style=\"font-weight: 400;\">sectors. These startups come from all over Michigan, across the country and around the <\/span><span style=\"font-weight: 400;\">world &#8211; choosing to help lead mobility innovation from Detroit.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cNewlab at Michigan Central has grown even faster than expected,\u201d said Joshua Sirefman, <\/span><span style=\"font-weight: 400;\">CEO of Michigan Central. \u201cThis is proof of the power and potential of the economic engine <\/span><span style=\"font-weight: 400;\">that we are building here in Detroit, and the realization of Bill Ford and Ford Motor Co.\u2019s <\/span><span style=\"font-weight: 400;\">vision to create an open platform ecosystem that draws on our region\u2019s incredible talent <\/span><span style=\"font-weight: 400;\">and legacy of innovation to help solve many of the world\u2019s challenges.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The 270,000-square-foot facility offers state-of-the-art prototyping equipment and labs and <\/span><span style=\"font-weight: 400;\">sits within a special Transportation Innovation Zone, offering unparalleled real-world <\/span><span style=\"font-weight: 400;\">conditions and fast-tracked permitting for urban mobility pilots, helping startups safely test <\/span><span style=\"font-weight: 400;\">their tech in the real world faster and accelerate commercialization. It also is home to more <\/span><span style=\"font-weight: 400;\">than 20 venture capital firms, providing investors a seat at the cutting edge of technology <\/span><span style=\"font-weight: 400;\">and startups with access to capital. These facilities and their unique infrastructure for testing <\/span><span style=\"font-weight: 400;\">new technology have allowed Michigan Central and Newlab to attract world-class startup <\/span><span style=\"font-weight: 400;\">founders.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">A look at what Michigan Central and Newlab have achieved together in just one year:<\/span><\/p>\n<ol>\n<li><b> Rapid growth in startup membership:<\/b><\/li>\n<\/ol>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">106 member startups: Newlab at Michigan Central opened with 25 startups on April 25, 2023, and has since grown 320% in a little more than a year.<\/span><\/li>\n<\/ul>\n<ol start=\"2\">\n<li><b> Startup membership remains diverse:<\/b><\/li>\n<\/ol>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">41% are mobility-focused and 19% are energy-focused: The majority of startups at Newlab at Michigan Central are creating technology that will advance the mobility and energy sectors.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A diverse community: 53% of the startups at Newlab at Michigan Central have at least one female, black, and\/or LatinX founder or CEO, helping address underrepresentation of women and people of color in tech.<\/span><\/li>\n<\/ul>\n<ol start=\"3\">\n<li><b> Venture capital raised and deployed:<\/b><\/li>\n<\/ol>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">$688.58 million raised: Member companies of Newlab at Michigan Central have collectively raised $688 million in venture capital.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">$150,000 deployed to underrepresented founders: Michigan Central and Newlab <a href=\"\/michigan-central-and-newlab-launch-new-fellowship-program-to-support-underrepresented-communities-in-detroits-tech-ecosystem\/\" target=\"_blank\" rel=\"noopener\">launched the Founder Fellowship program<\/a> in collaboration with the State of Michigan. The Fellowship supports a cohort of five climate tech founders from underrepresented backgrounds with resources they need to scale their startups.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">$1.3 million deployed via the Scale Fund: Michigan Central started the Scale Fund to help startups scale and pilot in Michigan and, together with Newlab, have chosen 12 startups to receive an award to date.<\/span><\/li>\n<\/ul>\n<ol start=\"4\">\n<li><b> Successful pilot programs:<\/b><\/li>\n<\/ol>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Fast-tracking technology: 22 pilots have already been completed in Michigan, with 10 active or planned pilots. Among them:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b><a href=\"https:\/\/www.newlab.com\/blogs\/automated-trucking-hub-pilot\" target=\"_blank\" rel=\"noopener\">Automated Trucking Hub<\/a>:<\/b><span style=\"font-weight: 400;\"> This pilot focused on advancing autonomous trucking technologies by testing technologies that could address what\u2019s known in the industry as \u201cthe last 5 feet.\u201d<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b><a href=\"https:\/\/www.newlab.com\/blogs\/mythos-ai-newlab-launch-in-shore-autonomous-boat-pilot-as-a-step-to-decarbonize-maritime-shipping\" target=\"_blank\" rel=\"noopener\">Mythos AI at the Port of Monroe<\/a>:<\/b><span style=\"font-weight: 400;\"> This pilot deployed autonomous marine hydrography technology to enhance port operations and eventually unlock autonomous shipping routes through mapping depths of bodies of water, thus helping large ships avoid being grounded and delaying commerce.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>America\u2019s <a href=\"https:\/\/michigancentral.com\/mdot-city-of-detroit-and-electreon-unveil-nations-first-public-ev-charging-roadway-at-michigan-central\/\" target=\"_blank\" rel=\"noopener\">first public EV-charging road<\/a><\/b><span style=\"font-weight: 400;\">: Michigan Central, the City of Detroit, and MDOT unveiled the nation\u2019s first public electric road using Newlab member Electreon\u2019s technology.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><a href=\"https:\/\/michigancentral.com\/advanced-aerial-innovation-region\/\" target=\"_blank\" rel=\"noopener\"><b>Advanced Aerial Innovation Region<\/b><\/a><span style=\"font-weight: 400;\">: Newlab at Michigan Central is currently developing several pilots around this initiative to enable drone operations beyond visual line of sight (BVLOS), pushing the boundaries of aerial mobility innovation.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ol start=\"5\">\n<li><b> Strengthening Detroit\u2019s mobility legacy:<\/b><\/li>\n<\/ol>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">By fostering a community of innovators in the heart of Detroit, Newlab at Michigan Central has reinforced the city&#8217;s historical legacy as the birthplace of the auto industry while paving the way for future advancements in transportation tech.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">These achievements highlight Michigan Central and Newlab&#8217;s commitment to supporting <\/span><span style=\"font-weight: 400;\">deep tech startups and driving forward the next generation of mobility solutions in Detroit <\/span><span style=\"font-weight: 400;\">and Michigan.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cIt\u2019s been inspiring to see the rapid growth at Newlab in Detroit and of the Michigan Central <\/span><span style=\"font-weight: 400;\">cultural hub. It proves that the work we are doing together is creating a truly differentiated <\/span><span style=\"font-weight: 400;\">place to build a business and founders are responding,\u201d said Newlab CEO Cam Lawrence. <\/span><span style=\"font-weight: 400;\">\u201cHere\u2019s to 100 more startups!\u201d<\/span><\/p>\n<p><b>About Michigan Central<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Michigan Central is a 30-acre technology and cultural hub in Detroit, where leaders, thinkers, communities, and <\/span><span style=\"font-weight: 400;\">creators come together to accelerate bold ideas and technologies that shape our collective future. By <\/span><span style=\"font-weight: 400;\">providing access to world-class infrastructure, tools, and resources, Michigan Central inspires innovators and <\/span><span style=\"font-weight: 400;\">community members to collaborate on real, ground-breaking solutions to global problems. Since opening in <\/span><span style=\"font-weight: 400;\">April 2023, Michigan Central has grown into a diverse ecosystem of more than 600 employees from over 100 <\/span><span style=\"font-weight: 400;\">companies and startups working at the intersection of mobility and society. The Station at Michigan Central <\/span><span style=\"font-weight: 400;\">opened as the centerpiece of the district in June 2024 and has already attracted tens of thousands of visitors <\/span><span style=\"font-weight: 400;\">to celebrate and explore the historic transformation of Detroit\u2019s iconic former train station into a global <\/span><span style=\"font-weight: 400;\">destination. Learn more at <\/span><span style=\"font-weight: 400;\"><a href=\"https:\/\/michigancentral.com\/\" target=\"_blank\" rel=\"noopener\">michigancentral.com<\/a>.<\/span><\/p>\n<p><b>About Newlab<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Newlab is a global venture platform for critical technology startups building our sustainable future. Through <\/span><span style=\"font-weight: 400;\">their global network of innovation hubs, Newlab significantly reduces the barriers to commercialization by <\/span><span style=\"font-weight: 400;\">aligning industry, infrastructure, and investment. Named Fast Company\u2019s Design Company of the year, Newlab <\/span><span style=\"font-weight: 400;\">includes more than 1,000 entrepreneurs, partnerships with corporate and civic entities, and a network of active <\/span><span style=\"font-weight: 400;\">investors\u2014all working together to commercialize critical technology. To date, Newlab has executed over 100 <\/span><span style=\"font-weight: 400;\">pilots and supported its 300-plus member companies in raising over $5.8 billion from venture capital firms, <\/span><span style=\"font-weight: 400;\">with over $2.3 billion of successful exits and a collective valuation of over $20 billion. Visit <\/span><a href=\"https:\/\/www.newlab.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">www.newlab.com <\/span><\/a><span style=\"font-weight: 400;\">to <\/span><span style=\"font-weight: 400;\">learn more.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DETROIT \u2014 Weeks after reopening Detroit\u2019s iconic train station, Michigan Central is marking another major milestone, announcing that Newlab in Detroit has surpassed 100 member startups. Michigan Central, an open platform for innovation, and Newlab, a global venture platform, have partnered to build an ecosystem dedicated to shaping the future of mobility and are working [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-20876","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.7 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Newlab At Michigan Central Surpasses 100 Startups In Its First 14 Months | Michigan Central<\/title>\n<meta name=\"description\" content=\"Newlab At Michigan Central Surpasses 100 Startups In Its First 14 Months | Michigan Central\" \/>\n<meta name=\"robots\" content=\"index, follow, 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