We believe that a great idea can help a good business grow. NEIdeas is a program that celebrates existing businesses in Detroit, Hamtramck, and Highland Park – rewarding those with the best ideas for growth. In 2017, NEIdeas will award a total of $400,000, in addition to business support, to more than 20 existing businesses.
NEIdeas has two types of awards:
- The $10k Challenge provides awards of $10,000 each to 20 businesses grossing less than $750,000 annually.
- The $100k Challenge provides awards of $100,000 each to 2 businesses that gross more than $750,000 and less than $5 million annually with ideas to grow ‘big.’
NEIdeas is about more than just the money. NEIdeas is intended to help all applicants – those that win and those that do not win. All businesses that apply are welcomed into the NEIdeas network, where they may access further opportunities in the entrepreneurial ecosystem.
NEIdeas is a program of the New Economy Initiative (NEI) and the Community Foundation for Southeast Michigan (CFSEM), operated with assistance from Detroit Economic Growth Corporation (DEGC).
NEIdeas: Rewarding Ideas for Business Growth is made possible through the support of foundations and corporations. Funders to date include:
Charles Stewart Mott Foundation (Flint)
Community Foundation for Southeast Michigan (Detroit)
Max M. and Marjorie S. Fisher Foundation (Southfield, Michigan)
Ford Foundation (New York)
Hudson-Webber Foundation (Detroit)
John S. and James L. Knight Foundation (Miami)
Kresge Foundation (Troy, Michigan)
McGregor Fund (Detroit)
Ralph C. Wilson, Jr. Foundation (Grosse Pointe Farms, Michigan)
Skillman Foundation (Detroit)
Surdna Foundation (New York)
W.K. Kellogg Foundation (Battle Creek, Michigan)
William Davidson Foundation (Troy, Michigan)