Bio Economy Information & Opportunities
These pages will present some general information about bio-based products, technologies and business concepts, along with some specific information on certain opportunities that may be available to entrepreneurs and others having a desire to participate in, and contribute to, the emerging Bioeconomy.
Michigan has a unique opportunity to grow its bio-based economic sector by coordinating the efforts and assets of the agriculture and natural resources sector with those of the research, technology and manufacturing sectors to meet a growing demand for renewable sources fuels, materials, chemicals and energy.
The State of Michigan and other organizations have made a variety of low-interest loans available to qualifying early-stage biotechnology based companies. These loan programs often target specific technology sectors and are designed to help companies meet meaningful commercial and research milestones associated with company inception, research and growth.
The U.S. Small Business Administration (SBA) Office of Technology offers funding assistance to qualified applicants through two competitive programs - the Small Business Innovation Research (SBIR) Program and the Small Business Technology Transfer (STTR) Program.