Hybrid builder receives grant

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Torch Hybrid Boat Co. was named a recipient of a Dare to Dream grant from The Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies at the University of Michigan’s Ross School of Business.

The company, which designs and builds boats with hybrid engines, received a $500 venture-shaping grant.

Dare to Dream awarded funding totaling $34,500 based on business concepts and feasibility studies submitted to panels of judges.

The Dare to Dream program, a hallmark of the Zell Lurie Institute, distributes as much as $100,000 per academic year to University of Michigan students. Grants are administered in three funding levels that build upon one another. They start with venture-shaping grants of $500 for students with a promising business idea, followed by assessment grants of $1,500 for students to conduct a feasibility study, and integration grants of as much as $10,000 to complete a full business plan and develop an investor pitch.

Comments

One comment on “Hybrid builder receives grant

  1. dodahman

    “dreamers” may be more correct than “builder” at this point in time. They have nothing but dreams, which I salute, but headline is missleading.

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