Grant writing is the go-to technique for governments, universities and non-profits to acquire new revenue streams. A new start-up in Ann Arbor thinks it's come up with a way that will make it easier for them to win that funding.
InfoReady specializes in providing software as a service, helping organizations effectively apply for grant funding. The idea is that a lot of these organizations don't know the ropes of submitting a successful application, but will be willing to invest a few dollars in figuring out the finer details of the process.
"There is a tremendous market demand for this product from research universities, schools districts, local governments and economic development agencies," says Bhushan Kulkarni, CEO of InfoReady. "It's an untapped market that is hungry for new revenue."
The GDI Infotech spin-off is already growing quickly. It has created a staff of six people since March. Two interns are expected to come on board this summer and the staff is expected grow from 6-10 new hires within the next year. Helping fuel that growth is a loan from Detroit-based TechTown's First Step Fund last month.
"We plan on growing this baby very quickly," Kulkarni says.
Source: Bhushan Kulkarni, CEO of InfoReady
Writer: Jon Zemke
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