Detroit has proven itself to be a powerful force in tech development and innovation. Due to its combination of connections to research institutions, strong sense of community and culture, talent density, and relatively low costs of living, the City of Detroit is uniquely positioned to be a center of development and success. We at EntryPoint are excited to offer you this report as a showcase of the remarkable achievements made by the individuals and organizations that make up Detroit’s entrepreneurial and investment community. The findings in this report also highlight the trends, challenges, and opportunities that characterize Detroit’s entrepreneurial ecosystem.
Check out the EntryPoint Data and Program Development Guide to learn more about utilizing research insights to implement effective data-driven programs that support entrepreneurs and small businesses
Also, check out this spreadsheet of Detroit-area Black-owned businesses!
The continued advancements of Detroit’s high-tech community are well worth celebrating. However, as we all move forward in 2020, it is important to consider these developments in the context of the current social and economic climate. We all must manage concerns such as the tribulations wrought by the global COVID-19 pandemic that is drastically impacting many businesses, as well as consumer uncertainty in the face of the national election cycle and potential new economic policies. These recent challenges demonstrate how important it is for us to understand the conditions of entrepreneurship and investment, particularly in high-growth areas like Detroit. Now that EntryPoint is a designated 501(c)(3) organization, we are better positioned than ever to partner with communities and organizations so that we can do our part to support the development of entrepreneurship throughout the Midwest. Those of us at EntryPoint are committed to helping you overcome these obstacles in the coming months. We are proud to share with you the achievements of the people and organizations of the city. Together and as a community, we can use our understanding of the economic landscape to adapt to the shifting terrain and continue Detroit’s record of growth and success.
Key Findings from the Report:
Support for EntryPoint’s 2020 Entrepreneurial Ecosystem Report was generously provided by Bamboo, Build Institute, Cahoots, City of Detroit, Endeavor, ID Ventures, Inforum, Jaffe Raitt Heuer & Weiss, P.C., Marketing Supply Company, Michigan’s University Research Corridor, Michigan Venture Capital Association, re:purpose, Renaissance Venture Capital, Shine & Rise, Techstars and Wagner Design.
For More Information:
- Read the 2019 Detroit Entrepreneurial Ecosystem Report
- Read the 2018 Detroit Entrepreneurial Ecosystem Report
- Read recent research on the Midwest entrepreneurial ecosystem
- Share the findings using graphics from the report
EntryPoint is a research institution that aims to promote entrepreneurship across the Midwest. The organization believes that the best research takes a holistic approach to data acquisition and analysis, and as such, seeks to build meaningful partnerships with corporations, community foundations, entrepreneurial support organizations, and other groups. Working in tandem with these partners, EntryPoint develops comprehensive research reports that deliver insights on strengths and challenges facing companies, communities, and the broader region. Research findings are used to design and implement effective programs to promote entrepreneurship by fostering an inclusive culture, expanding networks, and facilitating education and advocacy. EntryPoint is a registered 501(c)(3) organization.