INSIDER
Ann Arbor startups still strong during pandemic, report finds
Read full article: Ann Arbor startups still strong during pandemic, report findsANN ARBOR, Mich. Despite the coronavirus pandemic impacting local businesses, Ann Arbor can add the title of startup leader to its many accolades, according to a new report. Released on Aug. 17, by Ann Arbor-based entrepreneurial research nonprofit EntryPoint, the report found that Ann Arbors high-tech ecosystem is going strong and that 38% of Michigans startup companies call Washtenaw County home. However, only 15% of these venture-backed startups are led by people of color and only 13% are led by women, according to the EntryPoint report. Of those surveyed, 94% of all high-growth, high-tech startup companies in Washtenaw County felt somewhat prepared to operate during times of shelter-in-place. However, 36 of the 55 active venture-backed startups have reported feeling impacted by the pandemic, according to the report.