What is the Hatch Detroit Contest?
The Hatch Detroit Contest is a retail competition and chance for one savvy entrepreneur to win a $50K grant to open up their brick & mortar storefront in Detroit, Highland Park or Hamtramck.
What types of businesses are eligible to apply for the Contest?
We’re focused on independent brick & mortar retail. This means no food trucks (though we love them!) and no franchise stores. We accept social entrepreneurs, non-profits and L3C’s, so long as there is a focused and strong retail component. In terms of retail, this can run the whole gamut of exchanging goods and services: a record shop, a bodega, a yoga studio, a bar, a gym, a restaurant… we’re excited to see what Detroit comes up with!
Outside of the chance at the grand prize, how do businesses benefit from the Contest?
We think applying can be an education in itself! But more practically, if you’re a top-ranking applicant-- even if you don’t place into the Top 10-- we’ll work to connect you with the resources you need and the people who will help you grow and solidify your business plan. If your business places into the Top 10 Semi Finalist round, your business will receive extraordinary publicity. Your name is in front of thousands of potential customers... not to mention other potential funders. You’ll also be welcomed into our Hatch Detroit Alumni Program, which offers technical support and the opportunity for additional spot grant funding.
What’s the timeline?
Submission period: May 1 - July 24
Top 10 semi-finalists announced: August 13
Voting, round one: August 14, 12:00am EST - August 20, 11:59pm EST
Top 4 finalists announced: August 21, 12:00pm EST
Voting, round two: August 21, 12:00pm EST - August 28, 12:00pm EST
Hatch Off & winner announced: August 28
How many times can a business submit to the Hatch Detroit Contest?
If you haven’t placed into the Top 10 Semi Finalist Round, there is no limit on the number of times you can submit to the contest. If you have placed into the Top 10 Semi Finalist round, your application must be a completely different business plan. We hope that each round of the Contest is a learning experience for applicants... and we’ve have been glad to see entrepreneurs return with stronger applications each year!
What makes a strong application?
In short? We look for businesses that are viable and sustainable; businesses that will fill a retail gap currently existing in the city. We want to hear how your business will engage and positively impact the surrounding community. When you fill out your application, be clear and concise about your vision and let us know what sets you apart from all of the other applicants.
What happens after I submit my application?
You’ll receive an email notification that your application has been accepted. A group of local community and business leaders will read through submissions and determine the top-ranking candidates. The Top 10 Semi Finalists will be announced on August 13.
Please see here for the full list of Contest Rules.
Any other questions?