It's that time of year again. The budding entrepreneurs of Detroit are being encouraged to enter for their chance to win the
Comerica Hatch Detroit Contest. This year's winner will receive a $50,000 cash prize from Comerica Bank, $25,000 worth of branding and logo design from Team Detroit, plus accounting, legal, IT, and public relations consulting. Comerica has pledged an additional $75,000 to help fund other aspects of the contest, as well.
Now in its sixth year, the contest rewards entrepreneurs on the path to opening brick-and-mortar storefronts in either Detroit, Highland Park, or Hamtramck. Previous winners include men's lifestyle store
Hugh, the tapas restaurant
La Feria, beer-makers
Batch Brewing Company, the bakery
Sister Pie, and the cycle studio
Live Cycle Delight.
Hatch Detroit has made it a point to help out and provide services for the businesses that haven't taken home top prize in the contest. Many of the runners-up have gone on or are going to open their own permanent or pop-up locations throughout the city. Such successful contest alums include
Detroit Institute of Bagels,
Detroit Vegan Soul, and
Busted in Detroit.
"The Comerica Hatch Detroit Contest is a catalyst of business competitions," says Vittoria Katanski, executive director of Hatch Detroit. "Not only does it help the winning businesses establish storefronts, but it introduces us to the area's top entrepreneurs. All contest alumni are continuously encouraged and guided toward opening their doors. The 14 Hatch Alumni who have operating storefronts, and 16 more operating as pop-ups or opening soon, proves this contest is really revitalizing Detroit."
This year, Hatch has targeted four neighborhoods in their revitalization efforts and will host workshops for applicants in each. These include June 2 in Hamtramck, June 16 in Jefferson East, June 29 on the Avenue of Fashion, and July 7 in Grandmont Rosedale. Applications are accepted May 2 through July 15, 2016.
Visit
HatchDetroit.com to enter.
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