Dexter, MI (PRWEB) October 30, 2013
Protomatic, a Dexter, Michigan CNC contract manufacturer, has been selected as an inaugural InnoState Innovation Realization firm. InnoState is a three-year project funded by the State of Michigan and five federal agencies. It was created to help Southeastern Michigan manufacturers innovate, develop, and launch new products for consumer and industrial markets.
As an InnoState company, Protomatic has access to advanced training in design, sales, and operations that are focused on product innovation and subsequent launches. Protomatic can also take advantage of technical and marketing assistance, as well as training and certification.
According to Doug Wetzel, Managing Director of Protomatic, “We are extremely proud to have been chosen as an InnoState company. One of our prime missions here has always been to help entrepreneurs turn their ideas into reality. Now, with assistance from InnoState, we will be able to contribute even more to the success and growth of manufacturing in Southeastern Michigan.”
Compared to other manufacturing states, the output of Michigan industries is skewed toward component manufacturing, not name brand products. The goal of the InnoState program is to assist with product launch performance and connect companies with prospective customers.
Protomatic was identified as a “New Product Contract Manufacturer” (NPCM) that specializes in helping businesses develop new products or processes. As a CNC machining contract manufacturer focusing on prototypes-to-production, Protomatic offers entrepreneurs an excellent resource as an innovative development partner.
Over the three years of the project, it is estimated that InnoState members have realized more than $20 million in new orders. That translates into 240 additional direct and indirect jobs and $9.6 million in additional payroll. Taxes on those additional earnings will exceed $2.4 million, including $1.9 million in additional federal receipts, thus paying back the federal investment from the grant. Most important, it adds a new capacity in the region’s economy that translates innovation into products for the nation and the world.
Regional Innostate partners include the Worforce Intelligence Network (WIN), Detroit Regional Chamber, Michigan Manufacturing Technology Center (MMTC), and The National Center for Manufacturing Sciences (NCMS), along with the Michigan Economic Development Center (MEDC).