• Mobility startups now have access to more than $1 million in grant funding.
• The PlanetM Startup grants enable mobility startups to deploy and test their technologies on Michigan’s roadways – within closed and real-world environments – with the goal of making transportation easier, safer and more affordable for Michigan residents.
• The two-part program includes: a PlanetM Pilot Grant and a PlanetM Testing Grant.
o PlanetM Pilot Grant –
First company is Dubai/Detroit-based Derq, which develops software using patented artificial intelligence to predict and prevent car crashes.
o PlanetM Testing Grant
Mcity is the first advanced testing facility partner on the Testing Grant program, which will provide startups with a discounted fee for testing at Mcity.
• These grants build on the momentum of other recent pilot grant programs, including the Detroit Mobility Innovation Initiative and the $8 Million Michigan Mobility Challenge.