For the first time, Michigan is hosting the world's largest business plan competition - offering $1,000,000 in cash, consulting, and more to entrepreneurs with innovative businesses and Michigan college students with new business ideas. It's called the "Accelerate Michigan Innovation Competition" and it's an international business and student idea competition designed to bring attention to Michigan's top early-stage companies and brightest college students.
ANY innovation-based start-up is eligible to apply. They're looking for start-up businesses that have products or services that are past proof of concept. If you think that your company has the potential to get to $10 million in revenue over the next five years - and that $500,000 would give you the boost to move it to the next level - apply to compete today.
Students must be enrolled in a Michigan college or university with at least two classes. There is no application fee for the student competition. Submit your best new business idea for a chance to win!
The competition is available to 9 different sectors: Advanced Materials, Advanced Transportation, Alternative Energy, Defense & Homeland Security, Information Technology, Life Science, Medical Devices, Next-Generation Manufacturing as well as Products & Services.
This is a once in a company's lifetime opportunity to get funding, gain visibility to investors and access the resource to grow your early-stage business. Your executive summary will be evaluated by investors and business leaders. Semi-finalists will present their businesses to Midwest and coastal venture and private equity investors.
Submissions for the entrepreneur competition are due October 13, 2010. Submissions for the student competition are due October 22, 2010.