For this month’s blog post I wanted to highlight some of the great entrepreneurial resources in the city. So without further adieu:
Techtown is Detroit’s business innovation hub. As the city’s most established business accelerator and incubator, they provide a powerful connection to a broad network of resources, catalyzing entire communities of entrepreneurs best poised to energize the local economy.
Techtown offers classes and support for both tech and place-based business and has helped create over 1,000 jobs in the area.
Ponyride provides inexpensive space for socially-conscious artists and entrepreneurs to work and share knowledge, resources and networks. They offer a collaborative space for an amazing $0.20-$0.25 per square-foot, which includes the cost of utilities. They have over 25 organizations in the space in addition to individuals and businesses utilizing the co-working space.
Motor City Match helps businesses locate and thrive in Detroit by matching the best businesses from the city and around the world with Detroit’s best available real estate. The program provides competitive grants, loans and technical assistance to help building and business owners realize their dreams in Detroit.
Hatch Detroit is a vehicle to champion and support independent retail businesses in Detroit through funding, exposure, education, and mentoring. Founded in 2011, Hatch Detroit was created to give others the opportunity to have a role in the redevelopment of Detroit. Hatch hosts an annual contest where one savvy entrepreneur wins a $50,000 grant to open their brick and mortar retail business in Detroit, Highland Park, or Hamtramck.
The Contest was built on an idea called “Crowd Entrepreneurship” where average citizens have a role in voting for the type of retail they want in their community, and determining the winner of the Hatch Contest.
The team at ProsperUS Detroit believes that residents, small businesses and neighborhood groups in all neighborhoods have the talent, energy and ability to engage and revitalize their own communities. It is their mission to empower entrepreneurs and community partners to transform low-income neighborhood economies from within. ProsperUS Detroit works with entrepreneurs and community organizations to revitalize neighborhoods by concentrating micro-enterprise development in low-income immigrant and minority neighborhoods.
Build Institute helps people turn their business ideas into reality by providing them with the necessary tools, resources, and support network in Detroit. To date, they have graduated over 500 aspiring and experienced entrepreneurs from our classes, many of whom have gone on to start successful businesses in the city. In addition to classes, they offer networking events, mentorship, connections to resources and a nurturing community that allows ideas to develop and flourish over time
This is by no means an exhaustive list of all the great entrepreneurial resources in the city. Comment below with some of your favorites.
This month’s post is brought to you in part by Jay-z.