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Talk of the TechTown

November 12, 2012


An article features Wayne State University's Tech Town. Leslie Smith, TechTown CEO, comments extensively in the piece. She sees economic development in basic terms, as "largely a series of deals." Smith says they're forging a balance between the protection that incubators provide and the independence that startups need to acquire. "They like it here, but if you just let them stay indefinitely, it's like having a bunch of 40-year-olds in your basement." They need to move on. So she is working on alumni networks to fan the collaborative embers even as startups leave the nest.