DETROIT — Comerica Bank and Hatch Detroit are partnering once again for the Comerica Hatch Detroit Contest and will begin accepting applications on June 1. The Detroit Lions have joined the cause to expand support for the contest and Hatch alumni entrepreneurs.
Comerica Bank returns for the third year as the contest’s flagship sponsor, providing the $50,000 prize, along with significant in-kind support. This year, the Detroit Lions will provide both financial and ancillary support to the Hatch Detroit alumni who’ve followed through on the business plan laid out during the contest but need further assistance to open their doors or improve their business. Hatch Detroit and the Detroit Lions will allocate the additional support based on individual need, with an emphasis on the 10 finalists from previous contests.
“Watching the previous Hatch winners and others turn their ideas into brick-and-mortar retail shops has been inspiring, and certainly representative of Detroit’s entrepreneurial spirit,” said Michael T. Ritchie, president of Comerica Bank-Michigan. “Witnessing so many contest success stories has reinforced our decision to support Hatch Detroit. We look forward to seeing this year’s applications and continuing to build Detroit’s entrepreneurial community.”
In addition to the $50,000 cash prize, the winner will also receive a package of services including legal, marketing and advertising, accounting, public relations and IT support from Hatch Detroit and its partners.
All applications must be submitted online at hatchdetroit.com. Complete submission guidelines and contest rules can be found online. The deadline for submissions is July 16.