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Great Lakes Ag-Tech Business Incubator Helps Entrepreneurial Farmers

State Representative Joe Haveman recently announced the State of Michigan's $500,000 contribution to the new Great Lakes Ag-Tech Business Incubator, a 501(c)(6) nonprofit. The Incubator offers specialized assistance to start-up companies with an agricultural focus.

The assistance provided by the Incubator encompasses a variety of commercial services, including obtaining patents, developing markets, and procuring financing. Furthermore, entrepreneurs can take advantage of these services without any out-of-pocket fee or expense. Instead, their company must agree to provide the Incubator with a small percentage of their gross annual sales for a period of 10 years.

While the incubator is based in Ottawa County, surrounding counties are being encouraged to join. Representatives from the Incubator have already enlisted Barry County, and they are in the process of approaching Kent and Allegan Counties.

© 2019 Varnum LLP


About this Author

Aaron M. Phelps, Varnum, litigation attorney

For over 15 years, Aaron's practice has been focused on complex commercial and environmental litigation - in Michigan and around the country. Aaron has represented clients in contract and corporate governance disputes, telecommunications and energy matters, health care litigation, and tort actions.

Over the last five years, Aaron has represented over 200 companies in lawsuits against Blue Cross Blue Shield of Michigan for ERISA violations. The first trial resulted in a $6 million judgment, and subsequent judgments ranged from $315,000 to over $8 million. Currently...

John W. Sturgis, real estate lawyer, Varnum

John is an associate currently working with Varnum’s litigation and environmental practice teams. He has worked on matters involving unfair competition and trade secrets, CERCLA (Superfund) litigation, anti-trust investigations and real estate matters. John also has experience in appellate law matters, including drafting successful appellate briefs for the Michigan Court of Appeals and Sixth Circuit Court of Appeals.