Early-Stage Underrepresented Founders in SEMI Apply Now

Michigan Founders Fund (MFF) and global accelerator network gener8tor have officially launched the inaugural Michigan Founders Fund Pre-Accelerator (MFFPA) program. This innovative, seven-week, no-equity initiative is a game-changer for underrepresented early-stage founders in Southeast Michigan, providing them with concierge coaching, access to an extensive mentor and investor network, and up to $15,000 in non-dilutive grant funding. Applications for the Winter 2025 cohort are open until January 12, 2025.

The Vision Behind MFFPA

The MFFPA program is crafted to foster an inclusive entrepreneurial ecosystem in Detroit and Southeast Michigan. By targeting underrepresented founders, the program ensures equitable access to resources, mentorship, and funding, paving the way for these entrepreneurs to succeed in future equity-based accelerator programs and secure investment opportunities.

Rishi Moudgil, Executive Director of Michigan Founders Fund, highlights the program’s mission: “We are building opportunities for founders from all backgrounds to succeed in advancing to the next stage of their startup in Michigan. This partnership with gener8tor includes providing deliberate support and capital that will create more opportunities for underrepresented founders to succeed.”

What MFFPA Offers

1. Direct Funding: Participants receive up to $15,000 in grant funding, enabling them to scale their operations without diluting equity.
2. Tailored Coaching: The program provides one-on-one coaching to address the unique challenges and opportunities each startup faces.
3. Mentorship and Networking: Founders gain access to a robust network of mentors and investors through Michigan Founders Fund and gener8tor’s national network.
4. Structured Learning Sessions:
   • Weekly group discussions on startup fundamentals, such as product development, go-to-market strategies, and investor readiness.
   • “Lunch & Learn” sessions featuring industry experts.
   • “Mentor Swarms,” connecting founders with a diverse pool of advisors.
5. Hybrid Format: Sessions are held in person at Newlab Michigan Central in Detroit, with flexibility for virtual participation, making the program accessible to a broader audience.
6. Post-Program Support: Founders continue to benefit from the connections and resources of both Michigan Founders Fund and gener8tor.

Meet the Leadership

Brittni Abiolu, a Metro Detroit native, has been appointed as the Program Manager for MFFPA. With extensive experience in entrepreneurial support and scaling startups, Abiolu is well-positioned to guide the inaugural cohort. Her passion for fostering business growth and her deep understanding of Detroit’s entrepreneurial ecosystem make her an ideal leader for the program.

“After years of advising entrepreneurs on business development and working to scale my own businesses, I decided to apply what I’ve learned and pay it forward by helping other entrepreneurs in and around Detroit,” said Abiolu. “I’m excited that I’ve been selected to lead this program and help founders in Detroit scale their startups, while supporting the growth of the city’s economy and entrepreneurial ecosystem.”

Abiolu’s responsibilities include recruiting startups, mentors, and investors while providing hands-on guidance through coaching sessions and group discussions.

Eligibility Criteria

The program is open to startups that meet the following criteria:

• Location: Based in Southeast Michigan.
• Founder Demographics: Led by underrepresented founders, with an emphasis on creating equitable opportunities.
• Stage of Development: Early-stage companies with a minimum viable product, yet to participate in traditional accelerator programs.
• Commitment: Founders must dedicate 5-7 hours per week to programming, excluding independent work.

Why MFFPA Stands Out

The MFFPA program distinguishes itself from other accelerators by prioritising underrepresented founders and offering a no-equity structure. This approach ensures that startups retain full ownership of their businesses while benefiting from world-class resources and mentorship.

Moreover, the program’s partnership with gener8tor provides participants with access to:

• Gener8tor’s Proven Framework: A globally recognised accelerator network that has supported startups across 22 states and two countries.
• gBETA Program Alumni Network: gBETA graduates have collectively raised over $776 million in capital and created more than 4,700 jobs.
• Global Recognition: Gener8tor has received accolades such as being named one of Fast Company’s Best Workplaces for Innovators.

Application Process

Applications for the Winter 2025 cohort are open until January 12, 2025. Founders can apply online at gener8tor.com/mffpa. 

Interested applicants can also reach out to Brittni Abiolu directly at [email protected] for more information.

The Michigan Founders Fund Pre-Accelerator program is more than just an initiative; it’s a movement to empower underrepresented founders and strengthen Michigan’s entrepreneurial landscape. By providing critical resources, mentorship, and funding, MFFPA is setting the stage for transformative growth in Detroit and beyond.

If you’re an early-stage founder in Southeast Michigan, this is your chance to elevate your startup to new heights. Don’t miss the opportunity to join a program that prioritises inclusion, innovation, and impact.

Applications Now Open for Michigan Founders Fund Pre-Accelerator Program, Underrepresented Founders Eligible for $15K in Grants

About Michigan Founders Fund

Michigan Founders Fund is a nonprofit organisation dedicated to fostering a thriving entrepreneurial ecosystem in Michigan. With a founder-first approach, MFF has cultivated a network of over 150 members who have collectively raised more than $350 million in investment capital across 15 industries. Members also commit 1% equity or carry to a philanthropic fund supporting Michigan’s social sector.

Through programs like MFFPA, the organisation is creating opportunities for founders from diverse backgrounds to succeed while contributing to the state’s economic growth.

About gener8tor

Gener8tor is a global venture capital firm and accelerator network that champions diversity and innovation. Its programs have been instrumental in helping startups, artists, and entrepreneurs achieve their goals. Gener8tor’s accolades include being named one of the Best Workplaces for Innovators by Fast Company and receiving the International Trade Council’s Global Venture Capital Firm of the Year award.