Copyright 2022 SPARK

The Inovo Group's growth rate is something to take notice of. The downtown Ann Arbor-based consulting firm has watched its revenue jump 30 percent to 50 percent in each of the last three years.

This last year the firm added four new clients. That work has enabled the innovation-consulting office to hire two people (analysts), expanding its staff to 13 employees and one intern.

"We are on a steady growth path," says Larry Schmitt, CEO of The Inovo Group.

The Inovo Group has made its way helping large corporations find new, more-efficient ways of doing things. That could range from finding new opportunities to discovering new technology for it to harness. The bottomline is The Inovo Group's clientele recognize that innovation is critical to their growth.

"When we get involved with a company we do it when they want to do something big," Schmitt says. "It's when they want to push their own boundaries."

The Inovo Group also made the moved to new office in January next to the Downtown Home & Garden. The 5-year-old company has now smoothly moved into the new space and used it to help grow its talent base.

"It has energized our environment," Schmitt says. "It's an attractive place for the people we want to recruit."

Source: Larry Schmitt, CEO of The Inovo Group
Writer: Jon Zemke

Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.
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