Print Friendly and PDF

InnoState Companies Win New Business in Medical Industry

InnoState Companies Win New Business in Medical Industry

Building on its support of startup and minority-owned companies in the advanced manufacturing sector, the Detroit Regional Chamber’s InnoState program, a grant-funded program to assist small- and medium-sized manufacturers, recently led a delegation of three Southeast Michigan companies to market their services at the FIME International Medical Expo in Florida.

The three-day expo, one of the largest in the world, attracts suppliers from Asia, Europe, the Middle East and North America that specialize in high-end technological and medical care products. The Michigan delegation included representatives from Amtech Electrocircuits, EDP and Elite Mold & Engineering, who demonstrated their services to more than 60 companies.

“We are getting a lot of feedback from InnoState companies who have interest in medical device manufacturing right now,” said Kyle Peppin, grants manager for InnoState. “Through FIME, our manufacturers had the opportunity to meet with major global companies that they might not otherwise have the means to connect with.”

Growing and Supporting Michigan Manufacturers

The InnoState partnership includes the Chamber, Michigan Manufacturing Technology Center, National Center for Manufacturing Science and Workforce Intelligence Network and serves a nine-county Detroit region. In addition to identifying emerging markets, InnoState provides expertise in manufacturing supply base, company matchmaking, technology and talent connections through subsidizing the cost of employee trainings and trade show attendance.

For example, Peppin said when Elite Mold & Engineering expanded its manufacturing operations in Shelby Township, InnoState provided opportunities for the company to diversify its portfolio beyond automotive.

“I encourage all manufacturers to look at the margins on medical. Quotes and cycles for medical are different from auto, so you are going to have more steady business if the economy goes down in one of those two sectors, you will still have something to keep the lights on,’” he said. “It’s about changing the calculus and helping these traditionally underserved businesses grow.”

In addition to the FIME International Medical Expo, InnoState will partner with nine businesses to attend the Gear Expo and the Engine Expo on Oct. 20-22 in Novi and Detroit. On Nov. 5-6, InnoState companies will attend the Medical Design & Manufacturing Show in Minneapolis.

For more information about InnoState, contact Kyle Peppin at 313.596.0341 or kpeppin@detroitchamber.com.

To view a full list of investors and past Investor Exclusive content, visit our Investor Resources page.