TechTown, an entrepreneurship hub in Detroit’s Midtown district, is starting a new incubator program for area technology-based startup businesses.
The intensive, 30-week business development experience is designed to help tech company founders fortify their businesses into sustainable, investment-ready companies.
Applications for the incubator program are being accepted now through Feb. 21. Five startups will be chosen during a competitive process. Ideal candidates should have an existing team, be generating revenue, and be interested in preparing for a major funding event.
“We are intentional about building a pipeline of tech entrepreneurs in the city of Detroit,” says Marlo Rencher, director of technology-based programs at TechTown Detroit. “Our new TechTown Incubator is an important step in that process. It’s for more mature startups as they transition into the types of companies that will employ Detroiters. We are here to support them through that journey.”
The incubator program is designed to help a small cohort of Detroit-based tech founders transform their startups from revenue-ready to recurring revenue businesses with a high degree of operational effectiveness.
The program will be led by Racheal Allen, COO at Marygrove Conservancy, an entrepreneur with more than 15 years of experience leading startups, building high-performance teams, creating operational infrastructure, and scaling using lean methodologies.
Among the topics to be covered during the program include: organizational structure, leveraging known and unknown networks, pricing models, branding, technology assessment and review, and key performance indicators.
The TechTown Incubator program will run from March 14 to Oct. 3 with a Demo Day scheduled for Oct. 8.
For more information and to apply, visit here.