Fifteen local business owners have been selected as finalists in the Quicken Loans Detroit Demo Day competition
DETROIT (AP) — Fifteen business owners have been selected as finalists in the Quicken Loans Detroit Demo Day competition.
After making their pitches June 22, seven winners will be selected and will share $1.2 million in funding from the Detroit-based mortgage lender. Funding will be provided as grants, interest-free loans and convertible notes.
The finalists include a pie maker, Afro-Caribbean cuisine food truck, apparel company, and toy and home accessory design company.
The contest is designed to help grow businesses in the city. It recognizes companies that have recently introduced a product or service to market, are more established and trying to expand locally, or are ready to expand into other markets after achieving local success.
Most Read Business Stories
- Troublesome advanced engines for Boeing, Airbus jets have disrupted airlines and shaken travelers
- Pricey Seattle apartment tower ripping out pipes to fix leaks, as tenants fume
- Your Wi-Fi security is probably weak — here’s how to fix it
- Repealing head tax, Seattle avoids walking into the propeller | Jon Talton
- Amazon’s Alexa is now at home in new subdivisions, hotels
Quicken Loans says more than 500 business owners applied to enter Detroit Demo Day.