Emerging Business

Emerging and start-up service, product, and device and technology businesses led by management teams that have relevant experience and targeting markets that offer significant opportunities for scale may have access to investments through the First Step Fund.

Applicants may also receive business to business introductions and business mentoring from individuals with senior level expertise. Additionally, programmatic support is offered through our Venture Development Organization.

Investment Size

$15,000–$150,000 in initial investments. Companies may receive considered follow-on investments of up to a maximum of $150,000 per company

Intended Purpose

Investments are considered to assist entrepreneurs in the start-up or scale-up of their businesses, and to position the company to hit milestones to qualify for the next level of financing.

Financing Types

Flexible instruments including loans, convertible notes and equity investments

Target Area

Southeast Michigan with special concentration in the City of Detroit

For more information please visit DetroitInnovate.com.