Bizdom U Seeks Aspiring Entrepreneurs to Develop and Launch Businesses in Detroit

DETROIT, May 24, 2011 /PRNewswire/ -- Bizdom U, an entrepreneurship accelerator, is seeking up to 20 entrepreneurs to join its Fall 2011 Detroit training session.  Developed by Dan Gilbert, Founder and Chairman of Quicken Loans and Majority Owner of the Cleveland Cavaliers, Bizdom U is a nonprofit organization dedicated to launching innovative, growth-oriented businesses in Detroit and Cleveland.

Located in TechTown, Wayne State University's research and technology park, Bizdom U provides entrepreneurs with all of the training, resources and mentorship necessary to start and operate scalable businesses.  Entrepreneurs accepted into the four-month, full-time program receive training, a living stipend, laptops, smart phones and class materials – at no cost to them. Participants who complete the program and prepare an approved plan for a viable Detroit-based business may receive start-up funding from the nonprofit Bizdom U Fund of up to $100,000.  

The comprehensive application and selection process is designed to discover those who have a passion for building something of value while enhancing the community.  

"Being an entrepreneur in Detroit means so much more than simply being a business owner," said Ross Sanders, CEO of Bizdom U.  "It's a commitment to the city and the people that continue to shape the future of the region and is a responsibility that can't be taken lightly."

The application deadline for the Fall 2011 Detroit training session is June 3, 2011. Interested candidates can RSVP to attend an upcoming Bizdom Information Meeting at www.bizdom.com/apply.

More information on Bizdom U can be found at www.bizdom.com, by e-mailing [email protected], or by calling 313-833-7800.

About Bizdom U:
Bizdom is a comprehensive, non-profit, entrepreneurship accelerator located in Detroit, Michigan and Cleveland, Ohio. The program was launched by Dan Gilbert, Chairman of Rock Gaming LLC, Majority Owner of the Cleveland Cavaliers and Lake Erie Monsters, Operator of the Quicken Loans Arena (the "Q") and Founder and Chairman of Quicken Loans Inc., in January 2007.  Local entrepreneurs and professionals who share their real-world experiences with entrepreneurs in the program participate in training.  During the four month, full-time, program, entrepreneurs prepare plans for a business, which must be located within city limits.  Entrepreneurs whose plans are approved can receive start-up funding for their plan of up to $100,000. Bizdom U maintains a share of ownership in each business, using its share of the proceeds to fund future entrepreneurs that will launch even more innovative businesses in these cities.  For more information, visit www.Bizdom.com.

SOURCE Bizdom U