Semifinalists for 2012’s Accelerate Michigan Innovation Competition Announced

53 Semifinalists Set to Compete For More Than $1 Million in Cash and Prizes

DETROIT--()--Following more than 300 submissions, the Accelerate Michigan Innovation Competition is pleased to announce this year’s international business semifinalists!

The Accelerate Michigan Innovation Competition, the largest business plan competition in North America, is an international business contests designed to bring together later stage entrepreneurs and Michigan collegiate students with local, national and international investors.

After an intense review process by the judge’s panel, 53 semifinalists have been selected to compete for more than $1 million in cash and prizes. Business worldwide from as far as Canada, the United Kingdom and throughout the United States, submitted post-patent ideas for this year’s contest. Under the competitions eligibility requirements, business ideas were to be filed under one the following categories:

  • Information Technology (IT)
  • Alternative Energy
  • Advanced Materials
  • Next Generation Manufacturing
  • Life Sciences
  • Medical Device
  • Advanced Transportation
  • Products & Services

*Full list of semifinalists below*

“The power to reinvent Michigan is being generated in large measure by creative, talented, and driven entrepreneurs and innovators in every corner of the state,” Governor Rick Snyder said. “The Accelerate Michigan competition provides a great opportunity to harness this positive energy and turn it into new businesses, cutting-edge technologies, and more and better jobs.”

About the Competition

The Accelerate Michigan Innovation Competition – North America’s largest business competition – is an international business contest aimed at fostering entrepreneurial growth throughout Michigan’s vibrant business community. The competition is focused on two tracks: International and U.S. businesses relocating to Michigan and Michigan collegiate students.

Student applications will no longer be accepted as of September 27, 2012. Students with creative and innovative ideas currently enrolled in undergraduate or graduate programs in a Michigan public or private university or college for the fall 2012 semester can apply here. Additional details regarding eligibility can be found on the Accelerate Michigan website.

Competition Timeline

  • Submission deadline for established start-ups has passed as of August 15, 2012
  • Applications for student-led projects are due by September 27, 2012
  • Semi-final investor pitches will begin on November 14, 2012 at the Westin Book Cadillac in downtown Detroit
  • The Competition Finals and Gala Awards Celebration will be held the evening of November 15, 2012 at Detroit’s historic Orchestra Hall, where Accelerate Michigan and its partners will award more than $1 million in cash prizes, along with millions more of in-kind awards to those businesses showing the most promise

This year’s judging panel will include experts from Michigan-based investment firms, companies and universities, as well as, national and regional investors and venture capitalists. In addition to prizes, competition participants will have access to Michigan’s entrepreneurial eco-system, including wet labs, incubators and top talent from some of the world’s leading research universities.

About Accelerate Michigan Innovation Competition and Its Partners

The Accelerate Michigan Innovation Competition is an international business competition offering more than $1 million in cash prizes, plus thousands in in-kind awards. The Accelerate Michigan Innovation Competition is a collaborative effort of the Business Accelerator Network for Southeast Michigan, the New Economy Initiative of Southeast Michigan and Accelerate Michigan. For more information, visit www.acceleratemichigan.org.

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About Business Leaders for Michigan

Business Leaders for Michigan – the state's business round-table – is dedicated to making Michigan a "Top Ten" state for job, economic and personal income growth. The organization is composed exclusively of the chairpersons, chief executive officers, or most senior executives of Michigan's largest companies and universities, which contribute nearly 25% of the state's economy and provide over 320,000 jobs in Michigan, generate over $1 Trillion in annual revenue and serve over 135,000 students. Find out more at: www.businessleadersformichigan.com.

About the Michigan Economic Development Corporation 21st Century Jobs Fund

Funds for the Accelerate Michigan Innovation Competition 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 for Southeast Michigan (NEI) is an innovative philanthropic effort to accelerate the transition of metro Detroit to an innovation-based economy that expands opportunity for all. Ten national, regional and local foundations have committed $100 million to this unprecedented eight-year initiative, including the Community Foundation for Southeast Michigan (Detroit), the Max M. and Marjorie S. Fisher Foundation (Southfield, Michigan), the Ford Foundation (New York), the Hudson-Webber Foundation (Detroit), the W.K. Kellogg Foundation (Battle Creek, Michigan), the John S. and James L. Knight Foundation (Miami), The Kresge Foundation (Troy, Michigan), the McGregor Fund (Detroit), the Charles Stewart Mott Foundation (Flint, Michigan), and the Skillman Foundation (Detroit).

The participating foundations are leading the implementation and governance of the Initiative. The Community Foundation for Southeast Michigan, which initiated the collaborative, is serving as its administrative home. For more information, please visit http://neweconomyinitiative.cfsem.org/.

2012 Accelerate Michigan Innovation Competition Semifinalists by Category

Advanced Materials

    Information Technology

ActaTex, Inc.

CloudAccess.net

www.actatex.com

www.cloudaccess.net

 

Blue Water Bioproducts

Enkive, LLC

www.bluewaterbioproducts.com

www.enkive.org

 

InfiChem Polymers, LLC

HireStarts, LLC

www.infichempolymers.com

www.HireStarts.com

 

InPore Technologies, Inc.

Ideomed

www.inpore.com

www.ideomed.com

 

nanoMAG LLC

KashPile

www.nanomag.us

www.kashpile.com

 

Advanced Transportation

Munetrix, LLC

Eco-Fueling

www.munetrix.com

www.eco-fueling.com

Nutriinfo.com

ENRG Power Systems LLC

www.nutriinfo.com

www.ENRGpower.com

Supported Intelligence, LLC

inventev

www.supportedintelligence.com

www.inventev.com

Life Sciences

iQ-Telematics

Algal Scientific Corporation

www.iQ-Telematics.com

www.algalscientific.com

 

Alternative Energy

BioSavita

ArborWind, LLC

www.BioSavita.com

www.arborwind.com

Jiva Pharma, Inc.

Civionics

www.jivapharma.com

www.civionics.com

ONL Therapeutics, LLC

LED Optical Solutions

URL not available

www.ledoscorp.com

Patient Provider Communications

Midwest Flare Recovery, Inc.

www.patientprovidercommunications.com

URL not available

Phenometrics Inc.

NextCAT, Inc.

www.PhenometricsInc.com

www.nextcatinc.com

Poligan Peptides, LLC

NXT GEN LED

www.poliganpeptides.com

URL not available

Medical Device

Ornicept

AccuTherm Systems, Inc.

www.Ornicept.com

www.accumedsystemsinc.com

 

Next Generation Manufacturing

Blaze Medical Devices LLC

biophotonic solutions

www.blazemedicaldevices.com

www.biophotonicsolutions.com

BREONIC

Coliant Corporation

www.breonics.com

www.powerlet.com

Brio Device, LLC

Eco-Park/EWI LLC

www.briodevice.com

www.EPEWI.com

ENT Biotech Solutions, LLC

Micro-Laser Assisted Machining Technologies, LLC

URL not available

www.micro-lam.com

Intrinsic Medical Imaging

Products and Services

www.intrinsic-mi.com

2 of 10 LLC

URL not available

Retia Medical

www.retiamedical.com

Aegis Bleu

www.aegisbleu.com

TigerLAB

URL not available

Interleaved Magnetic Products, LLC

URL not available

 

Larky

www.larky.com

Contacts

Racepoint Group
Paul Doyle
617-624-3259
AccelerateMichigan@racepointgroup.com

Release Summary

Following more than 300 submissions, the Accelerate Michigan Innovation Competition is pleased to announce this year’s international business semifinalists!

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Contacts

Racepoint Group
Paul Doyle
617-624-3259
AccelerateMichigan@racepointgroup.com