Announcement: Semi-Finalists for the Seventh Accelerate Michigan Innovation Competition

Announcement: Semi-Finalists for the Seventh Accelerate Michigan Innovation Competition

Semi-Finalists for the Seventh Accelerate Michigan Innovation Competition Announced

36 Semi-finalists to Compete for $1 Million in Cash and Prizes

amic-announcement-pngDETROIT – October 7, 2016The Accelerate Michigan Innovation Competition, one of largest business competitions in the country, is pleased to announce its semifinalists for its seventh annual program.

“Accelerate Michigan prides itself on having developed a network of flourishing high-growth businesses, venture investors, corporate partners & highly-skilled talent”, said Pamela Lewis, Director of the New Economy Initiative. “It is with great honor that we announce our 2016 Accelerate Michigan Class that will join a strong community of regional entrepreneurs.”

Nearly 200 companies spanning nine high-growth sectors applied to compete in the 2016 program. The applicant pool was representative of major communities in Michigan, including Detroit, Metro Detroit, Ann Arbor, Grand Rapids, Battle Creek, Traverse City, Kalamazoo, Houghton, and other areas. Applications were also received from companies headquartered in locations outside of the state, including Chicago, New York, Washington DC, Cincinnati, Windsor, Pittsburgh, and others.

The Semi-Finalist companies set the advancement bar exceptionally high as they all scored in the upper-quartile of total points. The advancing companies maintained an average fundraise of $580,000 demonstrating investor confidence, and more than 60% of Semi-Finalists completed a formal accelerator program, including programs at Ann Arbor SPARK, Conquer, Techstars Mobility, Seamless, TechTown, Desai, 500 Startups, and others.

“Accelerate Michigan is an event that brings together the best and brightest of our tech companies and venture capital investors in Michigan each year,” said Fredrick Molnar, Vice President of Entrepreneurship and Innovation at the Michigan Economic Development Corporation. “All of the competition participants are to be congratulated for demonstrating true innovation and the spirit of entrepreneurship.”

 

After an intense review process by the screening committee comprised of Michigan investors and entrepreneurs, 36 semifinalists have been selected to compete for up to $1 million in cash and in-kind prizes. Applications were to be submitted under one the following 9 sectors:

  • Advanced Materials & Manufacturing
  • Alternative Energy
  • Business Services
  • Consumer Products
  • Information Technology
  • Life Science / Healthcare
  • Media
  • Mobility
  • Other

About Accelerate Michigan and Partners

The Accelerate Michigan Innovation Competition is one of the largest business competitions in the country celebrating its seventh year highlighting the best and brightest early-stage business to regional investors. The competition continues to showcase the state as a powerhouse for business opportunity and the next generation of technology. Participating companies have raised more than $550 million in funding and have created more than 1,000 jobs in Michigan. Since 2014, the program has been led by Invest Detroit as its presenting partner.

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, Accelerate Michigan has had a significant positive impact on the state’s economy, bolstering and advancing Michigan’s entrepreneurial ecosystem. For competition & registration information for the November 3rd event, please visit www.acceleratemichigan.org.


Competition Timeline

  • Semi-Finalist pitches occur in the morning and afternoon of November 3, 2016 at the Cobo Center in Downtown Detroit.
  • Top Ten Finalist pitches commence in the evening of November 3 during the Gala Awards Dinner at Cobo Center, where the $500,000 Grand Prize and a number of highlight awards will be announced.

Follow Accelerate Michigan on LinkedIn

Follow Accelerate Michigan on Facebook

Follow Accelerate Michigan on Twitter


About the Michigan Economic Development Corporation 21st Century Jobs Fund

Visit  www.michiganbusiness.org

About The New Economy Initiative

Visit www.neweconomyinitiative.org

AMIC Media Relations

info@acceleratemichigan.org


2016 Accelerate Michigan Innovation Competition Semifinalists

  1. AccuFD, Inc.
  2. Advaita Bioinformatics
  3. Autobooks
  4. BrainFx, Inc.
  5. ContentOro
  6. COSIGN
  7. Digital Roots
  8. Digital2Go Media Networks
  9. Floyd
  10. Golfler
  11. IC Surgical
  12. IndustryStar, LLC
  13. JOOL Health
  14. Kollecto
  15. Logicdrop
  16. Lunar Labs
  17. MakerOS
  18. Mayasil
  19. Movellus Inc
  20. MySwimPro
  21. NewTree Fruit Company
  22. OPS Solutions, LLC
  23. Parabricks
  24. PawnGuru
  25. Pivot Ready Inc.
  26. PreDxion Bio, Inc.
  27. Programax
  28. ProNav
  29. QuiO Technologies
  30. Sentinl
  31. ShapeLog
  32. Spatial
  33. SPLT
  34. Sportsman Tracker
  35. Voyhoy
  36. Workit Health, Inc.

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