$10k & $100k CHALLENGE APPLICATIONS ARE NOW CLOSED
Since 2014, NEIdeas has granted a total of $1 million in cash awards to more than 60 existing businesses in Detroit, Hamtramck, and Highland Park, as well as provided all applicants with access to business support. Nearly 1,200 small businesses from every corner of the three cities applied to NEIdeas in 2014 and 2015. Applicants spanned more than 16 business sectors, ranging from barbers to manufacturers, mechanics to bakers, and more. In 2015, seventy percent of NEIdeas winners were minority-owned businesses, 64 percent were woman-owned businesses, and 53 percent were both woman- and minority-owned businesses. Winning businesses ranged in age from three to 93 years old.
The 2016 NEIdeas $10k or $100k challenges closed on June 1. Staff is now reviewing submissions and awards will be announced in the fall.
We believe that a great idea can help a good business grow. You provide the idea, and we’ll provide the money and support to make it happen.