The Comerica Hatch Detroit Contest by TechTown is a retail competition that gives savvy entrepreneurs the chance to win a cash grant and package of in-kind services to open up their brick-and-mortar storefront in Detroit, Hamtramck or Highland Park.
Donor Name: TechTown
State: Michigan
City: Detroit
Type of Grant: Awards and Prizes
Deadline: 02/16/2024
Size of the Grant: $10,000 to $100,000
Grant Duration: Grant Duration Not Mentioned
Details:
Since 2011, Hatch Detroit has helped Detroiters support up-and-coming entrepreneurs. This year, the grand prize winner will receive $100,000 courtesy of Comerica Bank to help open their doors! The Top 10 finalists receive free consulting and in-kind services from TechTown Detroit.
Who can apply?
- Hatch Detroit is focused on independent brick-and-mortar retail businesses. This means no food trucks (though Hatch Detroit love them!) and no franchise stores. Hatch Detroit accepts social entrepreneurs, nonprofits and L3C’s, as long as there is a focused and strong retail component. In terms of retail, this can run the whole gamut of exchanging goods and services: a record shop, a bodega, a yoga studio, a bar, a gym, a restaurant… Hatch Detroit excited to see what Detroit comes up with!
- In short? Hatch Detroit looks for businesses that are viable and sustainable; businesses that will fill a retail gap currently existing in the city. Hatch Detroit wants to hear how your business will engage and positively impact the surrounding community. When you fill out your application, be clear and concise about your vision, and let Hatch Detroit know what sets you apart from all of the other applicants.
Your business can benefit even if you don’t win!
One major benefit of the contest is that if your business places into the Top 10, your name is in front of thousands of potential customers, not to mention potential funders. You’ll also be welcomed into the Hatch Detroit alumni network, which offers technical support and the opportunity for additional spot grant funding.
For more information, visit TechTown.
