In a move aimed at directly supporting early-stage entrepreneurs and fueling Detroit’s growing tech economy, city leaders on Monday unveiled the new $700,000 Detroit Startup Fund. Designed to back Detroit-based startups with capital, visibility, and strategic support, the fund represents a public commitment to cultivating innovation—and keeping talent local.

Mayor Mike Duggan, City Council President Mary Sheffield, and officials from the Detroit Economic Growth Corporation (DEGC) announced the initiative at Newlab at Michigan Central, a hub now home to more than 140 startups. Over 200 members of Detroit’s tech and entrepreneurship community attended the launch.

The fund will award 26 grants to startups over the next year, helping entrepreneurs scale products and services with the potenti

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