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Hatch Detroit Contest
Hatch Detroit
ABOUT THE GRANT
The Comerica Hatch Detroit Contest by TechTown awards a $100,000 grand prize cash grant plus a package of in-kind services to one independent retail entrepreneur to help open a brick-and-mortar storefront in Detroit, Hamtramck, or Highland Park. Administered by TechTown Detroit and sponsored by Comerica Bank, the contest is built around the concept of "crowd entrepreneurship," giving Detroit residents an active role in the city's redevelopment by voting for their favorite finalists in successive elimination rounds. The application process narrows applicants down from the full pool to a Top 25, Top 10, and Top 4, with public voting playing a major role in determining the eventual winner during a live "Hatch Off" event. The contest is focused exclusively on independent brick-and-mortar retail concepts, including stores, bars, restaurants, studios, gyms, and other retail-driven businesses, and is intended to revitalize commercial corridors, activate vacant spaces, and spur further community investment. Food trucks and franchise stores are not eligible, though social enterprises and L3Cs may apply if they have a strong retail component. Beyond the grand prize, finalists gain significant visibility with thousands of potential customers and funders, plus access to the Hatch Detroit alumni network, which provides ongoing technical support and additional spot grant funding opportunities.
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NOTES
This is one of a very small number of grants that focuses on businesses that have not yet launched. If you are located in Detroit and have a business idea that could use funding then this is one of the best opportunities available.
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