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= Overview<br/> =
[[File:AccelerateMichigan.jpg|frame|AccelerateMichigan.jpg]] <span style="font-size:15px; font-family:Arial; color:#000000; background-color:transparent; font-weight:normal; font-style:normal; font-variant:normal; text-decoration:none; vertical-align:baseline" id="docs-internal-guid-427eac6e-6c4d-568a-30fa-ca56575aff11">The Accelerate Michigan Innovation Competi</span><span style="font-size:15px; font-family:Arial; color:#000000; background-color:transparent; font-weight:normal; font-style:normal; font-variant:normal; text-decoration:none; vertical-align:baseline" id="docs-internal-guid-427eac6e-6c4d-568a-30fa-ca56575aff11">tion (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 awards, from $10,000 to $30,000 for students, as well as a company competition with rewards up to $500,000. The rules for the business com</span><span style="font-size:15px; font-family:Arial; color:#000000; background-color:transparent; font-weight:normal; font-style:normal; font-variant:normal; text-decoration:none; vertical-align:baseline" id="docs-internal-guid-427eac6e-6c4d-568a-30fa-ca56575aff11">petition require that you</span><span style="font-size:15px; font-family:Arial; color:#000000; background-color:transparent; font-weight:normal; font-style:normal; font-variant:normal; text-decoration:none; vertical-align:baseline" id="docs-internal-guid-427eac6e-6c4d-568a-30fa-ca56575aff11">relocate your business to Michigan.</span>
= Purpose<br/> =
<span style="font-size:15px; font-family:Arial; color:#000000; background-color:transparent; font-weight:normal; font-style:normal; font-variant:normal; text-decoration:none; 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>
<span style="font-size:15px; font-family:Arial; color:#000000; background-color:transparent; font-weight:normal; font-style:normal; font-variant:normal; text-decoration:none; vertical-align:baseline">To quote the website:</span>
<blockquote><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.</span>''<br/></div></blockquote>
= Distinct Differences From Other Offerings<br/> =
<span style="font-size:15px; font-family:Arial; color:#000000; background-color:transparent; font-weight:normal; font-style:normal; font-variant:normal; text-decoration:none; vertical-align:baseline" id="docs-internal-guid-427eac6e-6c4e-8057-602e-77312dc49837">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>.<span style="font-size:15px; font-family:Arial; color:#000000; background-color:transparent; font-weight:normal; font-style:normal; font-variant:normal; text-decoration:none; vertical-align:baseline">The competition is adjudicated directly by venture capatlists. According to the website, sixty venture capatlists from 50 firms judged the 2012 competition.</span>
<br/><span style="font-size:15px; font-family:Arial; color:#000000; background-color:transparent; font-weight:normal; font-style:normal; font-variant:normal; text-decoration:none; vertical-align:baseline">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.</span>
= Company Competiton<br/> =
#<span style="font-size:larger">Submission of Abstract + Executive Summary</span>
#<span style="font-size:larger">Submission of Business Plan</span><span style="font-size:larger"></span>
#<span style="font-size:larger">Power Point with 10 minute presentation</span>
#<span style="font-size:larger">5 minute elevator pitch with a maximum of 6 slides</span>
= <span class="mw-headline" id="Impact_Achieved_For_Students_and_Campus">Impact Achieved For Students and Campus</span><br/> =
[[File:Studentwinnners.jpg|frame|center|Studentwinnners.jpg]]
#ACMI raised $40,000 dollars in the 2013 student competition, giving three small student-led ventures the financial stability to move forward.
<span style="font-size:larger">info@acceleratemichigan.org</span>
[[Category:Resources]]