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Xconomy makes the Detroit-Silicon Valley comparison

Locally-based social entrepreneurs are repositioning the nation's geographic emphasis on Silicon Valley, attracting a business incubator at Wayne State, a venture capital fund based out of U of M, and the attention of tech wizards and venture capitalists on the West Coast.

At the Blackstone LaunchPad incubator at Wayne State, a diverse group of student entrepreneurs are being trained in running a business -- but locating those future companies in Metro Detroit is part of the program. And they're inspired by young social entrepreneurs like EnGarde Detroit's Bobby Smith and Veronika Scott of the Empowerment Plan to do more than just pay the bills.

Smith says his long-term goal is to help transform Detroit into the "Silicon Valley of social entrepreneurship. Detroit is the perfect place for it -- Detroit created the middle class. People here are not afraid of hard work," he says.

Read more here.
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Related Company

  • The Empowerment Plan
    1401 Vermont St.
    Detroit, MI 48216 Website
    The Empowerment Plan is a humanitarian project based that centers around the Element S Coat, a self-heated, waterproof coat that transforms into a sleeping bag at night. It is a Detroit-based company.

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