ANN 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.