Kollecto, Detroit, MI-based startup the describes itself as “Pandora for affordable art”, received a $100k award.
The Innovation Fund Macomb Community College*, powered by JPMorgan Chase & Co., provided the award.
Kollecto employs web scraping technology to identify art from galleries around the world and provides personalized recommendations for the purchase of affordable art, typically in the $200 – $3,000 range.
With users in nearly 300 cities worldwide, the company also manages the purchase of the artwork and offers installment payment plans.
*The Innovation Fund is a $2.7m effort to stimulate economic development and job growth among promising Detroit-area entrepreneurs and next-stage companies with high-growth potential. Support is provided by Macomb Community College’s Strategic Fund and JPMorgan Chase, as part of the company’s $100m commitment to Detroit’s economic recovery.