TechTown Startup Fund
Wayne State University Research and Technology Park in the City of Detroit
Funding Amount
Up to $10,000
Deadline
Rolling / Open
Grant Type
Foundation
Deadline history & next window
- Cycle
- Annual
- Tracked since
- April 2026
Source: the cycle recorded on this listing. Confirm dates with the funder.
Can we apply?
Check your organization against each line. Taken from the listing; confirm with the funder's guidelines.
Geography
- Detroit-based companies
- Focus Areas: Technology-based startups founded by Black entrepreneurs
Other requirements
- Black tech founders
- Companies at early stages between idea validation and revenue generation
Overview
Grant program designed to support Black tech founders at the earliest stages of business development, addressing the funding gap between idea validation and revenue generation.
Geographic Scope: Detroit-based Black tech founders
Eligibility:
- Black tech founders
- Detroit-based companies
- Companies at early stages between idea validation and revenue generation
Focus Areas: Technology-based startups founded by Black entrepreneurs
Problem Addressed:
- Only 1% of venture capital is invested in Black-owned companies
- Average White family net worth is 10 times that of average Black family
- Disproportionate barriers to accessing friends and family funding
- Federal Reserve data shows 80% of White business owners receive at least partial bank funding vs. 66% of BIPOC business owners
- BIPOC firms receive ~$30,000 less funding than comparable White-owned businesses
- BIPOC firms face ~1.4% higher interest rates
Background: Launched in April 2021 by TechTown Detroit with community donations. Initial fundraising exceeded the $20,000 goal with 138 donors contributing amounts ranging from $5 to $5,000. Inaugural grants of $10,000 each were awarded to Bar Drop LLC and Raxplay in September 2021.
Recent Grant Recipients:
- Bar Drop LLC (2021) - Cocktail and alcohol delivery service
- Raxplay (2021) - Immersive music metaverse company
Donation/Application URL: www.techtowndetroit.org/techfund
How to Apply
Application Process
Applications became available in August 2021. Simplified, virtual application process designed to minimize barriers for recipients.
Submission: Online through TechTown's application portal
Contact for Details: info@techtowndetroit.org or (313) 879-5250
What Wayne State University Research and Technology Park in the City of Detroit actually gave
Source: IRS Form 990, 2024
- Grants in 2024
- 33
- Total given
- $1.3M
- Median grant
- $8,000
- Range
- $5,050–$150K
- By dollars: Michigan 99%, North Carolina <1%, Delaware <1%. Top recipient cities: Detroit, MI; Highland Park, MI; Southgate, MI.
- 0% of grants with a stated purpose were for general or operating support.
- 81% of recipients were new grantees, not repeat recipients.
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Detroit Horse Power · Detroit, MI
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Freedom House · Detroit, MI
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Jefferson Chalmers Farmers Market · Detroit, MI
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Focus Areas & Funding Uses
Fields of Work
- Startups
- Black-owned businesses
- Minority businesses
Categories
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