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Detroit Launches $700K Fund to Boost Local Tech Startups

7/30/2025

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Summary

Story summary

Detroit has introduced a $700,000 Startup Fund to bolster local tech startups, as announced by Mayor Mike Duggan.
The fund will offer 26 grants: 20 seed grants of $15,000 and six scale grants of $50,000.
Applications are accepted until August 25, with winners revealed in September.
This initiative seeks to generate jobs and retain talent within Detroit's tech industry.

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Story summary

Detroit has introduced a $700,000 Startup Fund to bolster local tech startups, as announced by Mayor Mike Duggan.
The fund will offer 26 grants: 20 seed grants of $15,000 and six scale grants of $50,000.
Applications are accepted until August 25, with winners revealed in September.
This initiative seeks to generate jobs and retain talent within Detroit's tech industry.