|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 Argentina.
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.
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About the Michigan Economic Development Corporation 21st Century Jobs Fund
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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