Closed
Detroit Startup Fund
Grant
About
The Detroit Startup Fund, a groundbreaking initiative with a budget of $700,000, aims to support local tech startups by providing 26 grants over the next year, fostering job creation and talent retention while enhancing the city's innovation landscape.
Benefits
- 💰Financial Support$700,000 fund distributing 26 grants to Detroit-based tech startups
- 💰Financial Support
- 20seed grants of $15,000 each and 6 scale grants of $50,000 each
- 📈Economic ImpactAims to generate over $1 million in economic impact for Detroit startups
- 💼Job Creation & Talent RetentionSupports job creation and talent retention in the local economy
Eligibility Criteria
- Detroit-based startup or founder established no more than 10 years
- Scalable, venture backable company with civic use potential
- Commitment to becoming certified as a Detroit-based business
- Commitment to sharing progress and outcome data with DEGC and City of Detroit
Target Sector
Tech
Target Location
Detroit, Michigan
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City of Detroit