Stories from the new economy: Bizdom

This video was created by our partner, the New Economy Initiative, and does not necessarily reflect the views of Model D Media. Bizdom is an entrepreneurial accelerator that provides training and mentorship to tech startups looking for the help and funding they need to grow their ideas into profitable businesses. In exchange for an 8% equity stake, Bizdom gives program participants an intensive three-to-six month training program and awards $25,000 in startup capital to each accepted applicant. When training is complete, Bizdom companies can utilize free office space in downtown Detroit and access more capital funding.

The New Economy Initiative (NEI) has been working with Bizdom Detroit since 2008, and NEI’s grant dollars have helped Bizdom launch additional training programs in Detroit to support local entrepreneurs. Bizdom is searching for the next great tech startup in Detroit, and NEI believes they have created the perfect platform to give the next great idea the best possible opportunity to succeed.