Ned Staebler, Wayne State University’s vice president for economic development, has been appointed president and CEO of TechTown

Detroit, the Detroit business accelerator and incubator founded in partnership with the university in 2000. The TechTown board of

directors approved the appointment following a March 2 vote. Staebler will continue to serve in his current role at the university after

officially starting his new position at TechTown on March 9. He will succeed outgoing president and CEO Leslie Smith, who has been

named president of the new Entrepreneurship-Powered Innovation Center in Memphis.

“My expanded role provides an opportunity to more closely align the innovation efforts of Wayne State University and TechTown,” said

Staebler, whose office oversees several small business support programs, including the Blackstone LaunchPad student entrepreneurship

center, Goldman Sachs 10,000 Small Businesses and The Front Door for Business Engagement. “In addition to the university’s existing

entrepreneurship programs, we will soon be launching the Anderson Engineering Ventures Institute in our College of Engineering. This is

the perfect time to build on the already close relationship between the university and the city’s business innovation hub.”

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