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Organization:Accelerate Michigan Innovation Competition

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= [[File:AMICLogo2.jpg]]Overview<br/span> =

~~[[File:AccelerateMichigan.jpg|frame|AccelerateMichigan.jpg]]~~ <span style="font-family:~~Arial; color:#000000; background-color:transparent; font-weight:normal; font-style:normal; font-variant:normal; text~~arial,helvetica,sans-~~decoration:none~~serif; ~~vertical-align:baseline~~" >The Accelerate Michigan Innovation Competi</span~~><span style="~~font-size:15px; font-family:Arial;~~ color:~~#000000~~rgb(0, 0, 0); background-color:transparent; font-~~weight:normal; font~~variant-~~style~~numeric:normal; font-variant-east-asian:normal; ~~text-decoration:none;~~ vertical-align:baseline~~" id="docs~~; white-~~internal~~space: pre-~~guid-427eac6e-6c4d-568a-30fa-ca56575aff11~~wrap;">~~tion~~ The Accelerate Michigan Innovation Competition (AMIC) is a business pitching competition open to any early stage business.  While originally being a collaborative effort between various Michigan business accelerators, AMIC recently combined with the University of Michigan Centre of Entrepreneurship in order to tackle student led ventures. The competition requires the submission of a business plan and a presentation in front of a set of judges.  ~~There are various monetary~~ Company startup awards~~, from $10,000~~ range up to $30500,000 ~~for students, as well as a company competition with rewards~~ while student awards range up to $~~500~~21,000. ~~ The rules for the business com~~In order to accept awards your company or sending university must be located in Michigan. AMIC is commonly regarded as,  "~~docs-internal-guid-427eac6e-6c4d-568a-30fa-ca56575aff11">petition require that you~~<span style="font-~~size~~family:~~15px~~arial, helvetica, sans-serif; font-~~family~~size:~~Arial~~medium; ~~color:#000000;~~ background-color:transparent; font-~~weight~~variant-numeric:normal; font-~~style~~variant-east-asian:normal; ~~font~~vertical-~~variant~~align:~~normal~~baseline; ~~text~~white-~~decoration~~space:~~none~~pre-wrap; ~~vertical~~">THE launchpad for Great Lake startups"= ~~relocate your business to Michigan.Purpose=

The Accelerate Michigan Innovation Competition was created by the Business Accelerator Network for Southeast Michigan to foster Michigan’s fledgling entrepreneurial ecosystem.  It is supported through a combination of various business incubators, including - Ann Arbor SPARK, Automation Alley, and Macomb-OU INCubator. The competition is designed to encourage early stage businesses and startup companies. The competition is designated for startup ideas and innovative business opportunities. In turn these companies aid the local economy by creating new jobs. AMIC is"Targeting entrepreneurs with mid-to-late seed-entrepreneurial businesses — the competition has an immediate and positive impact on Michigan’s economy."[[File:AMICSpeaker.jpg|border|AMICSpeaker.jpg]]= Competition =

== '''<span style="font-family:Arial; ~~color:#000000;~~ background-color:transparent; font-~~weight:normal; font~~variant-~~style~~numeric:normal; font-variant-east-asian:normal; ~~text-decoration:none;~~ vertical-align:baseline~~" id="docs~~; white-~~internal~~space: pre-~~guid-427eac6e-6c4e-036b-752a-a1f4a109b487~~wrap;">~~The Accelerate Michigan Innovation~~ Company Competition was created by the Business Accelerator Network for Southeast Michigan to foster Michigan’s fledgling entrepreneurial ecosystem.  It is supported through a combination of various business incubators, including - Ann Arbor SPARK, Automation Alley, and Macomb-OU INCubator.''' ==

=== <span style="font-family:Arial; ~~color:#000000;~~ background-color:transparent; font-~~weight:normal; font~~variant-~~style~~numeric:normal; font-variant-east-asian:normal; ~~text-decoration:none;~~ vertical-align:baseline~~">To quote the website~~; white-space:~~<blockquote><div>''~~Targeting entrepreneurs with mid-to-late seed-entrepreneurial businesses — the competition has an immediate and positive impact on Michigan’s economy.~~Eligibility''<br/span></~~div~~span></~~blockquote~~span>= ~~Distinct Differences From Other Offerings  ==

The company competition is separated into 8 categories:<ul style="margin-top:0pt;margin-bottom:0pt;"><li>Advanced Materials</li><li>Advanced Transportation</li><li>Alternative Energy</li><li>Information Technology</li><li>Life Science</li><li>Medical Devices</li><li>Next Generation Manufacturing</li><li>~~Other business plan competitions deal with early~~<span style="background-color: transparent; font-variant-~~seed entrepreneurial businesses~~ numeric: normal; font- ~~ACMI is designed for mid to late companies. &nbsp~~variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;ACMI supports both their company competition, as well as a student competition, although the latter has been combined with the Michigan Collegiate Innovation Prize (MCIP). The MCIP is limited to students from any Michigan university">Products and Services.</li></ul>

<span style="font-family:Arial; background-color:~~#000000~~transparent; ~~background~~font-variant-~~color~~numeric:~~transparent~~normal; font-~~weight~~variant-east-asian:normal; vertical-align: baseline; white-space: pre-wrap;">Note:  The company does not have to fit perfectly under any of these umbrellas, these are simply guidelines for companies to follow. <span style="font-family: Arial; background-color:~~normal~~transparent; font-variant-numeric:normal; ~~text~~font-~~decoration~~variant-east-asian:~~none~~normal; vertical-align:baseline; white-space: pre-wrap;">~~The~~ Competing company may enter from anywhere in the world; however two members of the company must be present at the competition ~~is adjudicated directly by venture capatlists~~in order to be considered. ~~According~~ Also, in order to ~~the website~~accept any prizes, ~~sixty venture capatlists from 50 firms judged~~ the ~~2012 competition~~company headquarters must be located in Michigan; this may require relocation.~~ ~~ <br/span>

=== <~~br/~~span style="color:#000000;"><span style="font-family:Arial; ~~color:#000000;~~ background-color:transparent; font-~~weight:normal; font~~variant-~~style~~numeric:normal; font-variant-east-asian:normal; ~~text~~vertical-~~decoration~~align:~~none~~baseline; ~~vertical~~white-~~align~~space:~~baseline~~pre-wrap;">The MCIP is a six month program that guides students from brainstorming an idea to making it a reality. This is faciliated in a manner like UIF, through webx conferences, but is exclusive to Michiganites.Criteria ===

Companies will be judged on the following criteria during the competition:<ul style="margin-top:0pt;margin-bottom:0pt;"><li>~~Impact Achieved For Students and Campus~~Problem/ Solution evaluation<br/span> </li><li>Market fit/ Size</li><li>Product distribution/ Customer acquisition</li><li>Business Model</li><li>Competitive Landscape</li><li>Financial Projection over 4 years</li><li>Team Evaluation</li></ul>

~~[[File~~=== Competition ===

~~ACMI raised $40,000 dollars in the 2013 student~~ The company competition~~, giving three small student~~is split up into 3 stages with their own deliverables:<ol style="margin-top:0pt;margin-bottom:0pt;"><li>Application Stage<ol style="margin-top:0pt;margin-bottom:0pt;"><li>10 Slide Deck Presentation</li><li><spanstyle="color:#000000;"> ~~the financial stability to move forward.&nbsp~~2 Page Executive Summary</li></ol></li><li>~~Through the collaboration with the Michigan Collegiate Innovation Prize~~Semifinal Stage, <ol style="margin-top:0pt;margin-bottom:0pt;"><li>~~ACMI supported the education~~ 10 minute Presentation of ~~several student teams, as well as offered more than $100,000 in award money for student ventures~~slide deck</li><li>10 minute Q/A session.</li></ol></li><li>Final Stage<ol style="margin-top:0pt;margin-bottom:0pt;"><li>5 minute elevator pitch</li></ol></li></ol>

~~Steps Required To Bring Resource to Campus~~The prizes for first, second, and place and the people’s choice are $500,000, $100,000, $50,000, and $10,000, respectively.<br/span> =

= '''~~Contact Information~~[[File:AMICaward.jpg|border|AMICaward.jpg]]<br/span> ='''

== '''~~Lauren Bigelow~~Student Competition''' ==

=== ~~Lauren@growthcap.net~~Eligibility ===

To compete in the student competition, you must attend any Michigan Universities. === Criteria === The student criteria is the same as the company competition, listed above. === Competition === The student competition is split up into 4 stages with their own deliverables:<ol style="margin-top:0pt;margin-bottom:0pt;"><li>Application Stage<ol style="margin-top:0pt;margin-bottom:0pt;"><li>Application form</li><li>1 Minute video pitch</li></ol></li><li>Mentor Session Stage<ol style="margin-top:0pt;margin-bottom:0pt;"><li>4 minute slide presentation to be reviewed by entrepreneurial experts</li></ol></li><li>Semifinal Stage<ol style="margin-top:0pt;margin-bottom:0pt;"><li>Present the 4 minute pitch</li><li>Narrowed to 27 teams</li></ol></li><li>Final Stage<ol style="margin-top:0pt;margin-bottom:0pt;"><li>Present the 4 minute pitch</li><li>Narrowed to 9 teams</li></ol></li></ol> Student winners may be awarded up to $21,000 for their startup. = Impact =<ol style="margin-top:0pt;margin-bottom:0pt;"><li>ACMI raised $40,000 dollars in the 2013 student competition, giving three small student-led ventures the financial stability to move forward.</li><li>Through the collaboration with the Michigan Collegiate Innovation Prize, ACMI supported the education of several student teams, as well as offered more than $100,000 in award money for student ventures.</li><li>The company competition has raised over $550,000,000 for Michigan startups. These startups have created over 1000 jobs for the area.</li></ol> = Contact Information = Lauren Bigelow Lauren@growthcap.net [mailto:info@acceleratemichigan.org<span style="font-family: Arial; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; vertical-align: baseline; white-space: pre-wrap;">info@acceleratemichigan.org] [http://acceleratemichigan.org/contact-us/<spanstyle="font-family: Arial; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; vertical-align: baseline; white-space: pre-wrap;">http://acceleratemichigan.org/contact-us/] = Related Links = Website:[http://acceleratemichigan.org/ <span style="font-size: 9pt; font-family: Arial; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; vertical-align: baseline; white-space: pre-wrap;">http://acceleratemichigan.org/] LinkedIn:[https://www.linkedin.com/company/accelerate-michigan-innovation-competition <span style="font-size: 9pt; font-family: Arial; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; vertical-align: baseline; white-space: pre-wrap;">https://www.linkedin.com/company/accelerate-michigan-innovation-competition] Facebook:[https://www.facebook.com/AccelerateMICH/ <span style="font-size: 9pt; font-family: Arial; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; vertical-align: baseline; white-space: pre-wrap;">https://www.facebook.com/AccelerateMICH/] Instagram:[https://www.instagram.com/acceleratemich/ <span style="font-size: 9pt; font-family: Arial; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; vertical-align: baseline; white-space: pre-wrap;">https://www.instagram.com/acceleratemich/] Twitter:[https://twitter.com/acceleratemich <span style="font-size: 9pt; font-family: Arial; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; vertical-align: baseline; white-space: pre-wrap;">https://twitter.com/acceleratemich] Edditted by By: [[Jeffrey Stransky|Jeffrey Stransky]] [[Category:Organizations]]

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