2023 Impact Report - Lansing Regional SmartZone

July 2022 – June 2023 Impact Report

Empowering Regional Innovation through Key Partnerships

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Our Impact

Key Stats

New Companies Created

new companies creation facilitated

Funds Raised

$4 million

in private and public funds raised

Venture Growth & Expansion

131

businesses supported through LRSZ support services

Real Estate

33% – 65%

TIC occupancy increased, which includes 10 new tenants

Client Relationships

2,300

client touchpoints

Events

Hosted or attended

Connections

1,586

cups of coffee shared

Key Accomplishments

Over the past year, a great deal of infrastructure enhancements have been implemented to support our regional high-tech ecosystem and to make the LRSZ work more effectively. Below are a few key “nuts and bolts” accomplishments.

To read the full descriptions of these achievements and gain a deeper understanding of our progress, please refer to the complete annual report.

Key Programs

Local Accelerator Funds (LAF)

$33,841

in total funding

local accelerator grants funded

company formations

companies served

Services Included

Market research to qualify product market fit
Marketing plans, website design, branding packaging
Patent/IP legal fees
Incorporation changes
Jumpstart Tech Program (rent subsidy)

Community Mentor in Residence (MIR)

$336,00

in total funding

$275,000

in dilutive funds

$61,000

in non-dilutive funds

companies served

companies created

community partners engaged

referrals

community events

jobs created

99 Problems but a Pitch Ain’t One

$12,900

in total funding

1,554

votes on the online platform

participants

events

jobs created as a result of pitches won

referrals

Conquer and Cade

$120,000

in funding for companies

companies served (4 from Greater Lansing Region)

interns hired (all from MSU)

Youth Entrepreneurship

$3,050

in total funding secured by clients attributed to this program

500

final pitches views

onsite live attendees

companies served

mentors

77%

of clients identify as a member of an underserved population as defined below:

Minority-owned/operated
Women-owned/operated
Disabled-owned/operated
Veteran-owned/operated
Disabled veteran-owned/operated
LGBTQIA +-owned/operated
ALICE-owned/operated

Partners Engaged

Lansing School District
Eaton Rapids School District
Lansing Economic Area Partnership (LEAP)
Most of the Local Development Finance Authority (LDFA) board
Jackson National Life, Capital Area College Access
Facebook, Instagram, TikTok, and Twitter/X
517 Living
Ingham County Commissioners