Comerica Hatch Detroit Contest Seeks Next Big Idea

$50,000 startup prize applications accepted starting June 1
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DETROIT – Hatch Detroit has announced it will accept applications for its 2012 retail business competition beginning June 1 through Aug. 1. The contest is open to anyone with an idea for opening a retail business within the City of Detroit.

This year, with support from Comerica Bank, the competition will continue to work toward building a strong community and creating vibrant and dynamic retail businesses in Detroit. Applicants must provide a summary that describes their business idea and its potential impact on Detroit, as well as background for each team member. After all the applications are submitted Aug. 1, Hatch will narrow down the pool to 10 applicants and the public will vote on the $50,000 winner. In addition to the cash prize, the winner will receive a package of services including legal, marketing, and advertising and IT support. Finalists will also be exposed to potential investors, collaborators, and the community at large.

“We are excited to kick off the second year of Hatch Detroit. The ideas are endless and the opportunity for participants is even bigger this year with the help of Comerica Bank and the generous support they’ve contributed to fund the next winner,” said Nick Gorga, co-founder of Hatch Detroit. “Being a part of the contest helps inspire entrepreneurs to pursue opening a retail business in Detroit with community support.”

“Comerica is committed to supporting small businesses in the City of Detroit,” said Thomas D. Ogden, president, Comerica Bank-Michigan. “We hope that our investment encourages others to find creative ways to improve our region.”

In addition to the competition, Hatch Detroit plans to support retail businesses in several Detroit neighborhoods with grassroots improvement projects during the next six months.

All applications must be submitted online. For complete submission guidelines and contest rules, visit www.hatchdetroit.com.

 

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