DETROIT (AP) - Entrepreneurs and startups are invited to compete for $1.2 million in funding to help grow their for-profit businesses through the 3rd Annual Quicken Loans Detroit Demo Day.
Applications are due April 22 and 15 finalists will be chosen to pitch their businesses live June 14 at the Fillmore Detroit. A panel will select seven winners. Prizes will be presented as a grant, interest-free loan or an equity investment ranging from $50,000 to $300,000 for each winner.
Three grant recipients also will be voted on by the Fillmore audience.
Applicants must be based in Detroit or committed to relocating into the city. They also can't have exceeded $2 million in annual revenue or raised more than $1 million in capital.
The eight winners of the 2017 Demo Day grew their annual revenue 41 percent in 2018.
Published: Tue, Mar 26, 2019
