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Michigan Economic Development Corporation: Michigan Innovation Earns Gold and Builds Unicorns

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Gov. Gretchen Witmer awards a PitchMI check to a group of winners.

Innovation Spotlight: PitchMI Expands Statewide

 
 

Startups across Michigan now have the chance to compete in one of the nation’s largest pitch competitions. Backed by a $4 million investment, including $3 million from the MEDC’s Michigan Innovation Fund, PitchMI is hosting four regional events this fall, each awarding $250,000. Regional winners will advance to the statewide finals, slated for April 2026, where one company will take home a $1 million investment.

 
 

Michigan-Born Unicorn: HistoSonics

 
 

HistoSonics, a medical technology company spun out of the University of Michigan, has become one of Michigan’s most remarkable success stories. With support from MEDC programs and investments, and the state’s robust startup ecosystem, the company has grown into a unicorn, pioneering non-invasive tumor treatments that are transforming healthcare. This milestone underscores Michigan’s ability to turn breakthrough research into global impact — and it’s only the beginning.

 
 
MEDC Takes Triple Gold at the IEDC Awards
 
 

Ahead of the International Economic Development Council (IEDC) Conference in Detroit, the MEDC earned six Excellence in Economic Development Awards, including three golds. The honors span categories in placemaking, talent solutions, mobility initiatives and small business support, recognizing Michigan’s leadership in driving growth across the state.

 
 
 
 
Build the Future of Mobility: Buildathon
 
 

The Venture313 Idea to Product Hackathon is bringing Detroit’s brightest minds together to solve real-world challenges with AI, addressing focus areas like drones and mobility, healthcare, food access and accessibility. Participants will learn how to turn ideas into prototypes through hands-on workshops and tools like Lovable, Cursor and ClaudeCode.

 
 
 
 
Jill, owner of North Bay Fiber, smiles as she holds a dozen skeins of yarn.
 
 
Success Story: North Bay Fiber
 
 

North Bay Fiber’s Jill Zielinski is weaving heritage and craftsmanship into a growing Michigan-based textile business. The former graphic designer turned her passion for knitting into a thriving small business. With support from the MEDC’s Small Business Development Center, the company is strengthening its roots and scaling up production.

 
 
 
 
Featured Event: ManuTech Innovation Summit
 
 

The ManuTech Innovation Summit brings together top voices across industry, investment and government to shape the future of U.S. manufacturing. Whether you’re a high-tech startup seeking strategic partners, a corporate leader exploring cutting-edge solutions or a policymaker invested in America’s industrial competitiveness, this is the summit for you. Expect a day of insights, networking and matchmaking focused on accelerating domestic innovation, strengthening supply chain resilience and advancing industrial sustainability.

 
 
 

 

 
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