Commitment to Action

Boom Detroit Seeks Fresh Answers for an Aging World

Commitment by

TechTown

In 2012, TechTown committed to launch BOOM!Detroit, a new kind of business plan competition designed to launch new businesses and address majors problem that affect America's rapidly aging population. Competitions will be held four times a year, each focused on a different challenge facing Americans over 65 years old. BOOM! Will feature a unique intergenerational approach, where competing teams must be lead by an individual who is over 50 and include at least one team member who is over 65 and one under 30. Baby boomers, who have been shown to have the highest generational entrepreneurship rates, include 78 million Americans; and in Southeast Michigan, by 2015, one of every four persons will be over 65.

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Overview
Summary

Commitment

Boom Detroit Seeks Fresh Answers for an Aging World

Launched

2012

Est. Duration

3 Years

Estimated Total Value

$2,700,000

Region

Northern America

Countries

Canada, United States

Commitment by

TechTown

Partner(s) of the Commitment Maker(s)

Luella Hannan Memorial Foundation, AARP Michigan, Corporation for a Skilled Workforce, Wayne State University, Data Driven Detroit, Community Foundation for Southeast Michigan, Operation ABLE, Aging Services Consortium, Kauffman Foundation, Michigan Women's Foundation