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$1 Million Cash Up For Grabs, Innovators’ Dreams Come True, Michigan Economy Wins At the 2014 Accelerate Michigan Innovation Competition
|By Business Wire
|May 28, 2014 04:28 PM EDT
Applications are live for this year’s Accelerate Michigan Innovation
Competition, an international business competition designed to bring
together later-stage entrepreneurs with local, national, and
international investors. Each year since 2010, AMIC has attracted
entrants from across the United States, and as far away as India, China,
Abu Dhabi, South Africa, the United Kingdom, Germany, Switzerland and
With its $500,000 Grand Prize and additional $500,000+ awarded in cash
and in-kind prizes, Accelerate Michigan is no stranger to making
innovators’ dreams a reality. And the added bonus is the boost to
Michigan’s economy and entrepreneurial ecosystem—AMIC winners are
committed to remain in or relocate their businesses to the state.
Accelerate Michigan is currently accepting applications from start-ups
and later-stage entrepreneurs whose technology is past the prototype
development stage and falls within one of the following categories:
Advanced Materials, Advanced Transportation, Alternative Energy,
Information Technology, Life Science, Medical Devices, Next Generation
Manufacturing, and Products/Services.
Born of a collaboration between the Business Accelerator Network for
Southeast Michigan and the New Economy Initiative, and spearheaded by
Lauren Bigelow of Growth Capital Network, Accelerate Michigan is made
possible by a grant from the MEDC’s 21st Century Jobs Fund as
well as significant corporate and community support.
This year’s competition will culminate November 4-6 with a two-day pitch
competition at the Westin Cadillac Hotel in downtown Detroit and Gala
Awards Celebration at Detroit’s historic Orchestra Hall.
AMIC Milestones & Key Dates
July 23, 2014—Applications close (view eligibility & rules here)
November 4-6, 2014—On-site competition
November 6, 2014—Winners announced
The Accelerate Michigan Innovation Competition is an
international business competition celebrating its fifth year of
connecting later-stage entrepreneurial companies with local, national
and international investors. AMIC showcases the best and brightest new
business concepts to investment capital to help foster their growth
within Michigan. Made possible by a grant from the Michigan Economic
Development Corporation’s 21st Century Jobs Fund and a
collaboration between the Business
Accelerator Network for Southeast Michigan (composed of the
region’s four key business accelerators: Ann Arbor SPARK, Automation
Alley, Macomb-OU INC, and TechTown) and the New
Economy Initiative, Accelerate Michigan has had an immediate and
positive impact on the state’s economy, bolstering and advancing
Michigan’s entrepreneurial ecosystem. For more information and to start
your submission please visit www.acceleratemichigan.org.
Follow AMIC on LinkedIn
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About the Michigan Economic Development Corporation 21st Century Jobs
Funds for AMIC were provided by the 21st Century Jobs Fund, a Michigan
Strategic Fund program designed to accelerate the growth and
diversification of Michigan's economy. The Michigan Economic Development
Corporation ("MEDC") a public-private partnership between the state and
local communities, provides administrative support for the 21st Century
Jobs Fund. The MEDC markets Michigan and provides the tools and
environment to drive job creation and investment. For more information
on the 21st Century Jobs Fund initiative, visit www.MichiganAdvantage.org.
About The New Economy Initiative
The New Economy Initiative (NEI) is a $140 million philanthropic effort
intended to transform thousands of ideas into the next economic engine
by providing entrepreneurs and small businesses what they need, when the
need it, in order to succeed and grow. This initiative is supported by
the following foundations: Community Foundation for Southeast Michigan,
William Davidson Foundation, Max M. and Marjorie S. Fisher Foundation,
Ford Foundation, Hudson-Webber Foundation, W.K. Kellogg Foundation, John
S. and James L. Knight Foundation, Kresge Foundation, McGregor Fund,
Charles Stewart Mott Foundation, and Skillman Foundation. The Community
Foundation for Southeast Michigan, which initiated the collaborative, is
serving as its administrative home. For more information, please visit www.neweconomyinitiative.org.
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