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New Technology Development Company, Detroit Labs, to Call Downtown Detroit Home

DETROIT, Oct. 26, 2011 /PRNewswire/ -- Another technology start-up is calling downtown Detroit home. Detroit Labs, a technology launch pad specializing in the creation of iPhone, iPad, Android and Web applications, will be one of several tech companies moving into the newly renovated, state-of-the-art Madison Theatre building when it officially opens next month.

Detroit Labs was launched earlier this year after receiving funding from Detroit Venture Partners (DVP), a venture capital firm that seeds early stage tech companies primarily located in the heart of downtown Detroit. Detroit Labs and DVP are committed to participating in developing the creative, tech-focused urban core known as Detroit 2.0.

"We have assembled an extremely dynamic team, full of dreamers and doers, who will drive the success of our clients, company, and the city," said Paul Glomski, Detroit Labs CEO and one of the company's four founders.

Since being funded, Detroit Labs has completed several projects for clients ranging in size from local startups to several large companies including Caesars Entertainment and Made in Detroit, and has grown from four to 15 team members. The company expects to further expand in the year ahead, adding more jobs to the burgeoning tech hub in the heart of the city.

According to Glomski, what sets Detroit Labs apart from its tech competitors is that team members have the opportunity to work on personal projects in the company-funded lab. Once completed, the projects could potentially be spun-off into their own job-creating ventures.

"Aside from creating innovative applications and creative, cutting-edge websites for clients, we continuously strive to find the next big idea in technology that will be both profitable and a job creator for Detroit and this region," Glomski said.

Detroit Venture Partners CEO Josh Linkner said the decision to seed Detroit Labs was an easy one.

"Today's mobile technology-driven market provides an infinite amount of opportunity as many consumers are looking to replace the traditional PC with mobile devices that are growing more capable every day. Detroit Labs, with its specialty in mobile application development, is perfectly positioned to capitalize on this trend," said Linkner. "When you combine their expertise in this rapidly growing niche with their passion for entrepreneurship and creating spin-off companies, investing in Detroit Labs was a no-brainer."

About Detroit Labs:

Detroit Labs is a Detroit-based technology launch pad, specializing in the creation of iPhone, iPad, Android and Web applications. Born out of entrepreneurial spirit, and forged in the heart of Detroit, they are part of the technology boom driving the city's rebirth. Since its launch in the Spring of 2011, the company has completed projects for several large companies, including Quicken Loans and Caesars Entertainment.

The company is currently working on various augmented reality technologies, providing a new level of virtual realism to mobile devices. Detroit Labs also recently released its first iPad game - titled Finger Treadmill - which is currently available in the App Store.

To learn more about Detroit Labs, visit detroitlabs.com.

About Detroit Venture Partners:

Detroit Venture Partners (www.detroitventurepartners.com) is a venture capital firm that invests in seed and early-stage technology companies with a strong emphasis on Detroit-based startups. In addition to capital, the company provides hands-on coaching, mentorship, support, and resources to help drive growth and success. Founded in 2010 and led by Josh Linkner, Dan Gilbert, Brian Hermelin and Earvin "Magic" Johnson, the firm aims to create jobs, urban density, and hope by backing the next generation of Detroit entrepreneurs.

SOURCE Detroit Labs