DETROIT – One of the largest business plan competitions in the nation sets the stage for up to $1 million in prizes on November 3 at Cobo Convention Center.
The Accelerate Michigan Planning Committee is taking applications for one of the largest business plan competitions in the nation. Companies can apply for the opportunity to pitch their high-growth business while networking with influential angel and venture investors. The application period closes September 2.
Each year, the competition receives over 200 company applications from across Michigan spanning a number of high-growth sectors. At the November 3 event, 36 company semifinalists and 27 student ventures will compete for up to $1 million in prizes and exposure to regional and national venture capital investors.
Prizes include:
- Grand Prize – $500,000
- Runner Up Prize – $100,000
- Second Runner Up Prize – $50,000
- $25,000 Highlight Prizes (ie. Accelerator, University Tech, People’s Choice & more to be announced)
Since inception, participating companies have generated 1,000+ jobs in Michigan and have raised over $550 million in capital.
Companies can find the application portal here.
