Presented by Opportunity Detroit and Comerica, business entrepreneurs can apply to the Hatch Detroit Contest and compete for a chance to win a $50,000 grant for a brick and mortar storefront.
This contest was engineered for out-of-box thinkers who seek an opportunity to be their own boss while contributing to the community.
Sister Pie, Live Cycle Delight, La Feria, and Batch Brewing Company: these are just a few of the businesses that got their start from Hatch Detroit. Not to mention, the 14 other storefronts that have opened their doors since 2011.
The support of Hatch Detroit can turn business ideas into a reality through mentorship, funding, exposure and education.
With the deadline just a week away, we have all the information you need to take your business to the next level through the 6th annual Hatch Detroit Contest.
A Brief History
Since its conception in 2011, Hatch Detroit has provided entrepreneurs with visibility and community support as well as the attention of potential investors, reaping five winners and 14 Hatch “Alumni.”
As part of the Detroit Lion’s Living for the City initiative, Hatch seeks to determine areas of focus for retail strips, believing that diverse retail is the “lifeblood of a thriving urban community.” The neighborhoods include The Avenue of Fashion, Southwest Detroit, The Villages, and a few others just outside of the Downtown and Midtown area.
Opportunity Detroit is proud to support Hatch Detroit’s mission of revitalization and regrowth.
Small businesses and creative-thinking entrepreneurs attract residents and visitors to our city, increasing foot traffic, shopping, and most importantly homebuyers and renters.
“Hatch Detroit has been an important part in Detroit’s revitalization, providing the needed funds for retail businesses looking to open their doors in the city,” says Lisa Dancsok, the Vice President of Rock Ventures and Opportunity Detroit.
“Opportunity Detroit supports the HATCH team and the many great businesses that have launched from this important competition.”
Winners and participants are given countless opportunities to invest in the community through beautification initiatives. Together, these businesses have contributed $2.5 million in Detroit and Hamtramck.
The contest functions on a concept called “crowd entrepreneurship,” where residents can attend the Hatch event and vote for the type of retail they want in their community.
Applicants will have the publicity chance of a lifetime, introducing their business to thousands of potential customers and investors throughout the city.
The top 10 primary candidates are announced on Thursday, August 11; the voting primary period ranges from August 12 – August 18.
The top four candidates are announced Friday, August 19 at noon with the last general voting election from August 19 – August 26.
The 2016 Hatch Detroit Contest winner will be announced on August 26.
Applications are due by July 15.
For additional information on entering, including contest eligibility and application qualification, check out the Hatch website or follow Hatch Detroit on Facebook for updates on events and locations.
The Chance of a Lifetime
Contest winners have a chance to win a grand prize of $50,000.
New this year, $200,000 worth of in-kind services will also be awarded to the winner.
This includes $25,000 in branding and design packing from GTB, a 30-secound media advertisement from MCCI, legal services from Honigman Miller Schwartz and Cohn, along with accounting, IT, public relations support, and counsel from Hatch Detroit and its partners.
The most inspiring aspect of the contest: there’s more than one winner!
If you are placed within the top 10 semi-finalist round, your business is invited to join the Hatch Detroit Alumni Program. This program provides the support you need to open your doors for business. From technical support to additional spot grant funding, Hatch alums will give you the resources necessary for business management.
Do you know a great Detroit startup that would benefit from the Hatch Detroit Contest? Spread the word by sharing this article with a business you’d like to see succeed in the city.