If accepted into Bizdom U, entrepreneurs will receive:
- Four months in our business development program where they get practical, real world, training and business development led by dynamic, engaging, and successful entrepreneurs.
- Intense feedback and consulting on their business concept at all stages from idea generation through business plan development.
- Professional workspace with computers, phones, copy, fax, etc. to use while developing their business concept.
- A network of experts behind them at all of our family of companies, encompassing Quicken Loans, Fathead, ePrize, etc.
- All of the above services at no cost and we provide a $1,500 a month stipend, during the four month business development program.
Entrepreneurs who complete the business development program with a viable plan for a Detroit-based business will have the opportunity to:
- Present their business plan for funding on Pitch day.
- Receive funding up to $100,000 invested in the business.
- Receive minority share ownership initially and then earn majority share when their business pays back the Bizdom fund the investment amount.
- Receive ongoing business consulting and mentorship.
- Attend eight months of ongoing training after launch, once a week, on topics related to running a business.
- Access to our Launch Pad, which is a state of the art facility.
- Receive guidance from other entrepreneurs and our family of companies.