Semifinalists for the Fifth Accelerate Michigan Innovation Competition Announced

54 Semi-finalists Set to Compete For More Than $1 Million in Cash and Prizes

DETROIT--()--The Accelerate Michigan Innovation Competition, one of North America’s largest business competitions, is pleased to announce the semi-finalists for its fifth annual competition and event.

“The Accelerate Michigan semi-finalists selected represent some of the most forward-thinking companies with true potential for success,” said President and CEO of the Michigan Economic Development Corporation, Michael Finney. “The competition showcases some of the most innovative entrepreneurs, providing them a home to successfully launch in Michigan.”

Designed to bring together later stage entrepreneurs with local, national and international investors, Accelerate Michigan companies have raised more than $123 million in funding and created more than 600 jobs in Michigan.

“Much of Michigan’s economic rebound is being fueled by the enthusiasm of these entrepreneurs and the eco-system that supports them from their inception,” said Dave Egner the Executive Director of the New Economy Initiative. “There is no doubt that startups thrive in Michigan and we welcome the positive impact these companies make to create an entrepreneurial and innovation culture and improve our economy."

After an intense review process by the judge’s panel, 54 semifinalists have been selected to compete for more than $1 million in cash and in-kind prizes. Businesses from as far as the United Kingdom, India and throughout the United States, applied this year’s competition. Applications were to be submitted under one the following 8 sectors:

--Advanced Materials
--Advanced Transportation
--Alternative Energy
--Information Technology
--Life Science
--Medical Devices
--Next Generation Manufacturing
--Products and Services

About Accelerate Michigan and its Partner Organizations

The Accelerate Michigan Innovation Competition (AMIC) is an international business competition celebrating its fifth year of connecting later-stage entrepreneurial companies with national and international investors. The competition showcases the best and brightest businesses to the investment community in order to foster engagement and economic growth. Made possible by grants from the New Economy Initiative and the Michigan Economic Development Corporation’s 21st Century Jobs Fund as well as a significant amount of corporate and community support, the Accelerate Michigan Competition has had an immediate and positive impact on the state’s economy, bolstering and advancing Michigan’s entrepreneurial eco-system. For more information and November 4-6 event registration, please visit www.acceleratemichigan.org.

Competition Timeline

--Semi-finalist investor pitches will begin on November 4-6, 2014 with a 2-day pitch competition at the Westin Book Cadillac in downtown Detroit.
--Accelerate Michigan 2014 culminates on November 6 at Orchestra Hall in Detroit where a $500,000 Grand Prize and 10 additional awards totaling $500,000 in cash and in-kind prizes will be presented.

Follow AMIC on LinkedIn
Follow AMIC on Facebook
Follow AMIC on Twitter

About the Michigan Economic Development Corporation 21st Century Jobs Fund

Visit www.MichiganAdvantage.org

About The New Economy Initiative

Visit www.neweconomyinitiative.org

Contacts

Racepoint Global
Paul Doyle, 617-624-3200
AccelerateMichigan@racepointglobal.com

Release Summary

The Accelerate Michigan Innovation Competition, one of North America’s largest business competitions, is pleased to announce the semi-finalists for its fifth annual competition and event.

Contacts

Racepoint Global
Paul Doyle, 617-624-3200
AccelerateMichigan@racepointglobal.com