Startup Funding
Emerge Funding
- $5,000 Maximum Per Applicant
- For Profit
- Technology Highly desired (app development, E-Commerce, SMART Technology, AI Automated Intelligence)
- Emerge Recipients are required to become part of a 12-month incubation program ($90/month or $1,080/12 months) - Inubation fees can be paid from Emerge funds or separately. The incubation program ensures client is advancing and working toward achieving targeted milestones.
Uses for Emerge Funding
- Creating A Business Plan
- Developing A Website
- Filing A Patent
- Other items than can help launch or grow a business
Proving Grounds Pre-Seed Funding
- $10,000 for 5% Equity
- Available to Early Stage Companies after they've launched (already selling a product or service)
- "Fuel Funding" to grow your business faster
- Perfect for entrepreneurial businesses that offer scalability beyond risk
- Valid Business Plan and Identified Tarket Market with Proven Market fit (product/service validation) required
- Funding will not be diluted by other investor funding
BAF Funding
- Eligible via The Underground Business Incubator SmartZone
- Max $50,000 (most common funding $7,000-$15,000)
- Must meet Matrix requirements as defined by MEDC/MI-SBDC to be eligible
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