Local investors bet on Ann Arbor as tech hub
Hoping to bring together Ann Arbor startups struggling to grow, a pair of execs at Nutshell Inc. have decided to develop a tech hub incubator. And they already have their first tenant before the doors have opened. Excerpt: "Using the Madison Building in downtown Detroit as the model, a group of former Barracuda Networks Inc. executives wants to create a large hub for tech startups in downtown Ann Arbor. They have signed a purchase agreement to buy two adjacent office buildings downtown and are negotiating to buy one or two more buildings. They hope to close on the first deal in about a month and have a build-out done in six months." Read the rest here.
Hoping to bring together Ann Arbor startups struggling to grow, a pair of execs at Nutshell Inc. have decided to develop a tech hub incubator. And they already have their first tenant before the doors have opened.
Excerpt:
“Using the Madison Building in downtown Detroit as the model, a group of former Barracuda Networks Inc. executives wants to create a large hub for tech startups in downtown Ann Arbor.
They have signed a purchase agreement to buy two adjacent office buildings downtown and are negotiating to buy one or two more buildings. They hope to close on the first deal in about a month and have a build-out done in six months.”
Read the rest here.
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