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Metro Detroit boomers as late-stage entrepreneurs?

If necessity is the mother of invention then maybe there's a bright side to our recent economic woes. TechTown held a recruitment event and nearly a third of the attendees were approaching or above their fifth decade.

Excerpt:


"Salley, 69, is one of many baby boomers pushing into new fields through TechTown, a business incubator at Detroit's Wayne State University.

Nearly a third of people attending TechTown recruitment events are older than 46. Ten percent are over 56. They, like younger small business hopefuls, are looking for success during a recession that's seen thousands of jobs slashed across the Detroit area.

Salley is president of NextCAT Inc., which finds commercial uses for biofuel catalysts.

"Some people are doing it for the same reason I did it," he says. "They tried early retirement and found themselves unsuccessful. Some are doing it because they didn't early retire by choice and are considering entrepreneurship as an alternative."

Read the rest of the story here.
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Related Company

  • NextCAT
    440 Burroughs St
    Detroit, MI 48202 Website
    NextCAT is commercializing a series of catalysts for use in biodiesel production, developed at the National Biofuels Energy Lab at Wayne State University. The NextCAT solution allows producers to lower their overall production costs through savings