$500,000 in cash awards. 32 existing businesses.
Detroit I Hamtramck I Highland Park
Berry Gordy was a business man who knew a good song when he heard one. But even with success, he wondered, “Why write songs for a company in New York only to be paid pennies on the dollar in royalties?” He had a bigger idea: bottle a sound, polish it up, and package it for the world under one roof in Detroit. Gordy just needed a little nudge and, in 1959, he got one. An $800 loan from his family (the equivalent of $6,400 today) helped Gordy build Motown Records and grow a legacy.
So, what’s your idea?
How does it work? Simple. You provide the idea in two-hundred words. We provide the money to make it happen. NEIdeas will award a total of $500,000 through the two types of awards below.
Applications for both the $10k Challenge and $100k Challenge opened on May 8, 2014.
The deadline for the $10k Challenge is June 5, 2014. Applications are now closed.
The deadline for the $100k Challenge is June 26, 2014. Applications are now closed.
Have a question? Call (844) NEI-deas