If you’re a Michigan-based entrepreneur with a great idea and a tech-driven solution, you don’t have to go it alone. The business accelerator fund in Michigan is designed to help early-stage companies grow quickly by providing access to expert services, funding, and guidance.
And if you’re located in or near Adrian or Tecumseh, you’ve got a huge advantage.
The Adrian-Tecumseh SmartZone is part of Michigan’s statewide SmartZone network, and it connects local startups to powerful resources like the Business Accelerator Fund (BAF). This program isn’t just another grant — it’s a high-impact opportunity to move your business forward faster.
What is the Business Accelerator Fund in Michigan?
The Business Accelerator Fund (BAF) is a state-backed initiative created to help advanced technology companies reach critical early milestones. Rather than offering direct cash to spend freely, BAF covers the cost of third-party services that support business growth — from legal assistance to patent strategy to market analysis.
This program is available only through Michigan’s SmartZone network, which includes the Adrian-Tecumseh SmartZone. Companies work with approved service providers to get expert support, and the SmartZone helps coordinate everything.
The fund’s main goal is to help startups commercialize faster, attract investment, and create jobs in Michigan. If your startup has potential and needs a push, this program is built for you.
Why Startups Are Choosing the Adrian-Tecumseh SmartZone
The Adrian-Tecumseh SmartZone serves as a startup hub for Lenawee County and surrounding areas. It offers more than funding — it’s a launchpad for new ideas and growing companies.
With two campuses in Adrian and Tecumseh, this SmartZone connects local businesses to a broad ecosystem of support. That includes access to technical experts, business coaches, legal resources, and introductions to potential investors.
The cost of doing business in this region is also lower than nearby urban centers like Detroit and Ann Arbor. And with strong connections to regional universities, manufacturers, and local government, the SmartZone helps businesses plug into a wider network.
To see how the SmartZone supports entrepreneurs, explore success stories and updates.
How the Fund Supports Startups
The business accelerator fund in Michigan helps cover the cost of essential services that most early-stage businesses can’t afford on their own. These services are tailored to help startups hit big milestones, like launching a product, raising investment, or acquiring new customers.
Instead of handing over a check, the SmartZone works directly with your business to identify what services you need and connects you with experienced specialists.
Common services covered by the fund include:
- Legal structuring and licensing assistance
- Intellectual property strategy and patent research
- Financial modeling and investor pitch preparation
- Market research and go-to-market planning
- Regulatory compliance consulting
These services are provided by vetted third parties with a track record of supporting tech startups. By funding these critical steps, the BAF helps remove early barriers and accelerate progress.
Who Can Apply for the Business Accelerator Fund?
The BAF is designed for tech startups with strong growth potential. But there are clear eligibility requirements. Your company must:
- Be a for-profit, privately held business
- Have its main operations located in Michigan
- Be classified as a small business under SBA guidelines
- Have less than $1 million in private investment
- Generate less than $2.5 million in revenue in the previous 12 months
- Be developing or offering a product in an advanced technology sector
- Agree to complete economic impact surveys every six months for five years
If your company fits these requirements, the Adrian-Tecumseh SmartZone can guide you through the application process and help assess your funding potential. You can also learn more about what local companies are doing with SmartZone support.
Target Industries and Innovation Areas
The fund supports companies developing technology in a variety of sectors. If you’re building something innovative, there’s a good chance your business qualifies.
Eligible industries include:
- Advanced automotive and mobility technologies
- Information technology and software
- Life sciences, medical devices, and therapeutics
- Advanced manufacturing and materials
- Alternative energy solutions
- Agricultural processing technologies
- Other emerging technologies
These sectors are considered vital to Michigan’s economic future. Supporting growth in these areas helps the state remain competitive while creating high-wage jobs.
More Funding Options Available Through the SmartZone
The BAF is one of several funding resources available to entrepreneurs in the Adrian-Tecumseh SmartZone.
Startups may also qualify for programs like:
- Michigan Economic Opportunity Fund – Microloans of up to $50,000 for small businesses
- First Capital Fund – Initial funding of up to $150,000 for new tech startups
- Pre-Seed Fund III – Investments ranging from $100,000 to $250,000 for approved companies
- Emerging Technologies Fund – Matches federal SBIR/STTR grants with up to $125,000 in additional capital
Each of these funds is designed to support companies at different stages of growth. The SmartZone team can help you identify which resources fit your business.
Why Adrian-Tecumseh is a Smart Move for Startups
When you combine startup funding with local mentorship, infrastructure, and community support, you get more than just capital — you get momentum.
Startups located in the Adrian-Tecumseh SmartZone benefit from a network of experienced professionals and a region that values entrepreneurship. With access to local talent, support services, and business-friendly policies, the SmartZone helps reduce risk and accelerate growth.
Adrian and Tecumseh are quiet, affordable communities located close to three major commerce hubs — Toledo, Ann Arbor, and Detroit — with easy highway access in all directions. They’re ideal locations for startups looking for room to grow, with a good cost of living, quality schools, and opportunities for families.
If your goal is to grow a successful tech business in Michigan, this is one of the most accessible and resource-rich places to do it.
FAQs
How do I apply for the Business Accelerator Fund?
You can apply by working with the Adrian-Tecumseh SmartZone. They’ll help you assess eligibility, develop a plan, and connect with approved service providers.
Is this only for tech startups?
The fund primarily supports advanced technology companies. However, businesses in manufacturing, energy, agriculture tech, and similar sectors may also qualify.
What happens after I get funding?
The SmartZone works with you to ensure services are delivered as planned. The goal is to help you reach clear milestones that position your company for growth and investment.
Can I get multiple types of funding?
Yes. Many startups combine BAF support with grants, loans, or seed capital from other Michigan programs. The SmartZone helps coordinate access to multiple funding streams.