A new tech incubator opens its doors in downtown Traverse City this week. 20 Fathoms will provide workspace and business coaching for eight small tech companies in fields like satellite communications and cryptocurrency mining.
Executive Director Andy Cole says local investors are eager to help new businesses get off the ground.
"Traverse City's a really small town, but it is incredibly dense with entrepreneurial and technology talent,” says Cole. “And then also has a really untapped, but important investment community."