Detroit Startup Fund

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

• $700,000 fund distributing 26 grants to Detroit-based tech startups
• 20 seed grants of $15,000 each and 6 scale grants of $50,000 each
• Aims to generate over $1 million in economic impact for Detroit startups
• Supports 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