Changes

Organization:Accelerate Michigan Innovation Competition

22,875 bytes added, 7 years ago

no edit summary

= Overview<br/span> =

~~[[File:AccelerateMichigan.jpg|frame|AccelerateMichigan.jpg]]~~ <span style="font-family:~~Arial; color:#000000; background~~arial,helvetica,sans-~~color:transparent~~serif; ~~font-weight:normal; font-style:normal; font-variant:normal; text-decoration:none; 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:Arial; color~~size:~~#000000~~medium; background-color:transparent; font-~~weight~~variant-numeric:normal; font-~~style~~variant-east-asian:normal; ~~font~~vertical-align: baseline; white-~~variant~~space:~~normal~~pre-wrap; ~~text~~">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."

= <span style="background-color:transparent; font-~~weight~~family:~~normal~~Arial; ~~font~~white-~~style:normal; font-variant~~space:~~normal; text~~pre-~~decoration:none~~wrap; ~~vertical-align:baseline" id="docs-internal-guid-427eac6e-6c4e-036b-752a-a1f4a109b487~~">~~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. =

== '''<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;">~~To quote the website:~~Company Competition<~~blockquote~~/span><~~div>''<~~/span ~~style="font-size:larger"~~>~~Targeting entrepreneurs with mid-to-late seed-entrepreneurial businesses — the competition has an immediate and positive impact on Michigan’s economy.~~''~~ </div></blockquote>~~' = ~~Distinct Differences From Other Offerings ~~ =

=== Other business plan competitions deal with early-seed entrepreneurial businesses - ACMI is designed for mid to late companies.  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.<span style="~~font-size:15px;~~ 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 competition is adjudicated directly by venture capatlists. According to the website, sixty venture capatlists from 50 firms judged the 2012 competition.~~Eligibility===

<brspan style="font-size:medium;">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>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.Products and Services</li></ul>

Note:  The company does not have to fit perfectly under any of these umbrellas, these are simply guidelines for companies to follow. Competing company may enter from anywhere in the world; however two members of the company must be present at the competition in order to be considered. Also, in order to accept any prizes, the company headquarters must be located in Michigan; this may require relocation.

=== ~~The company competito~~~~n is seperated into 8 categories:~~Criteria=== <ul span style="~~padding~~font-~~left~~size: ~~30px~~medium;"><lispan id="docs-internal-guid-7b49b46d-e206-b860-7c9c-7079b0da835c">~~Advanced Materials~~Companies will be judged on the following criteria during the competition:</lispan><ul style="margin-top:0pt;margin-bottom:0pt;"><li>~~Advanced Transportation~~Problem/ Solution evaluation</li><li>~~Alternative Energy~~Market fit/ Size</li><li>~~Information Technology~~Product distribution/ Customer acquisition</li><li>~~Life Science~~Business Model</li><li>~~Medical Devices~~Competitive Landscape</li><li>~~Next Generation Manufacturing~~Financial Projection over 4 years</li><li>~~Products and Services~~Team Evaluation</li>

</ul>

~~Note~~=== Competition === The company ~~does not have to fit perfectly under any~~ competition 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>2 Page Executive Summary</li></ol></li><li>Semifinal Stage<ol style="margin-top:0pt;margin-bottom:0pt;"><li>10 minute Presentation of ~~these umbrellas~~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> The prizes for first, second, and place and the people’s choice are ~~simply guidelines~~ $500,000, $100,000, $50,000, and $10,000, respectively. == '''Student Competition''' == === 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 ~~companies~~ 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 ~~follow~~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]

~~Companies select one of these categories to enter into~~[http://acceleratemichigan.~~&nbsp~~org/contact-us/ <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; ~~The competition is split up into 4 sections~~vertical-align:baseline; white-space: pre-wrap;">http://acceleratemichigan.org/contact-us/]

#= ~~Submission of Abstract + Executive Summary~~#Submission of Business Plan#~~Power Point with 10 minute presentation~~Related Links#~~5 minute elevator pitch with a maximum of 6 slides~~=

Website:[http://acceleratemichigan.org/ <span style="~~Impact_Achieved_For_Students_and_Campus~~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;">~~Impact Achieved For Students and Campus~~http://acceleratemichigan.org/]<br/span> =

LinkedIn:[~~[File~~https://www.linkedin.com/company/accelerate-michigan-innovation-competition <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;">https:~~Studentwinnners~~//www.~~jpg|frame|center]~~linkedin.com/company/accelerate-michigan-innovation-competition]

~~#ACMI raised $40,000 dollars in the 2013 student competition, giving three small student~~<span style="font-family: Arial; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-~~led ventures the financial stability to move forward~~wrap;">Facebook:[https://www.#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 venturesfacebook.~~#The company competition gave over $1~~com/AccelerateMICH/ <span style="font-family: Arial; color: rgb(17,~~000~~85,~~000 dollars to Michigan start~~204); background-~~ups~~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="~~Steps_Required_To_Bring_Resource_to_Campus~~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;">~~Steps Required To Bring Resource to Campus~~https://www.instagram.com/acceleratemich/]<br/span> =

~~In order to compete in ACMI~~Twitter:[https://twitter.com/acceleratemich <span style="font-family: Arial; color: rgb(17, ~~you must be either a student from a Michigan university~~85, ~~or a business owner who is willing to move your business upon winning to Michigan~~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] =

~~= Contact Information =~~

~~Lauren Bigelow~~

~~Lauren@growthcap.net~~Edditted by

~~info@acceleratemichigan.org~~[[Jeffrey_Stransky|Jeffrey Stransky]]

[[Category:Resources]]

JeffreyStransky

25

edits