“It’s a way for the general public to participate in the Creator Awards,” Skyler said. WeWork will have a “live pitch booth” in Campus Martius starting on Saturday, Sklyer said, where anyone can do a 60-second pitch with social media. This is a city that has been fueling entrepreneurs over the last decade,” Skyler said. All the Detroit entries are really inspiring. “What is amazing about the 35 finalists is they range from social advocates to artists.
Spokeswoman Jennifer Skyler said the company is excited about the partnership. WeWork will be awarding grants to business and organizations in its incubate, launch and scale categories. The people’s choice winner will be chosen by the audience at the event by voting with a mobile app. The capital will be in the form of an interest-free business loan with a five-year term after a one-year payment-free holiday.Ī people’s choice award will also be presented as part of the Quicken program. The top eight companies will receive capital in amounts ranging from $50,000 to $200,000 - totaling $1 million. Twenty businesses in the Quicken competition will present their ideas. We want as many people as possible to follow that dream.” “Anybody can start a business and make a business. “I often hear people wonder if (Quicken Loans founder and chairman) Dan Gilbert will do this or that, and I want to remind everybody that Dan is a guy who started in an office by himself,” McManus said. Josh McManus, COO for Rock Ventures, part of Quicken Loans, said anyone in Detroit can be an entrepreneur. It will have performances by Wyclef Jean, workshops and master classes with leaders from Shinola and Ford. A job fair and creator market begins at 11:30 a.m.
The programs will be interlaced and kick off at 4:30 p.m. Quicken Loans, which received more than 600 applications for its program, will provide a total of $1 million in capital to eight Detroit small businesses. WeWork will be awarding $1.5 million in funds to 30 Detroit area entrepreneurs, artists and nonprofits and a chance to advance to the Creator Awards global finals in November where additional prizes will be awarded. The company and loan giant are joining their own events - WeWork’s Creator Awards and Quicken Loans’ Detroit Demo Day - at Detroit’s Gem Theatre and Cadillac Square, where finalists from Detroit will compete for funding from each company. Detroit - Shared workspace company WeWork and Quicken Loans are giving away $2.5 million in funding on Thursday to Detroit entrepreneurs to build on the momentum in the city’s small business community.
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