Accelerate Michigan Innovation Competition 2011 - Company

Description

First round deadline: Abstract and executive summary due

Website

http://www.acceleratemichigan.org/

Competition Organizer

Business Accelerator Network for Southeast Michigan

Submission Date

8-10-2011

Business Plan Submission Date

9-28-2011

Awards Date

11-17-2011

Total Prize Cash (US Dollars)

$915,000

Competition Category
  • Business - Local U.S.
  • Business - Global
Who's Eligible

Open to any early stage business from anywhere in the world. Companies should be innovation-based or technology-led and must have significant growth potential. Companies who have raised more than $2 million in revenue are not eligible. In order to receive the prize money, businesses need to be resident or agree to move headquarters to Michigan. Enter in one of 9 sector categories. 

Important Dates

First round abstracts and executive summaries are due on August 10, 2011. Semi-finalists must submit 12-page business plans on September 28, 2011. The business plan competition finals, consisting of 5-minute elevator pitches, will take place on November 16 & 17, 2011. Winners will be announced at the Awards Gala & Dinner on November 17.

Competition Prizes

Grand prize: $500,000

First runner-up: $150,000

Best of Sector: $25,000 each (9 prizes)

Encore Award: $25,000

People's Choice: $10,000

Tweet Award: $5,000

Other Info

The Accelerate Michigan Innovation Competition has been organized to promote entrepreneurship and the development of early stage companies by encouraging submission of plans of original business concepts that will lead to the development of new growth businesses.

Business plans will be judged based on creativity and innovation involved in the business concept, likelihood of business success, stage of development, team's knowledge of the product/service and its market, growth potential and capability to become market leader, sustainability of the business and competitive advantage as well as the rationality of the financing strategy.