DEARBORN – TiECon Midwest is offering up to $1 billion to startups that can revolutionize health-care mobility. The deal comes with incubation space and mentorship from seasoned entrepreneurs for those selected.

All ideas must be preregistered on the conference’s website, and applicants must attend the event. During TiECon Midwest, an anonymous investor and innovation team will meet with vetted startups seeking funding. The team will also offer product expertise and mentorship.

“We are in search of new developments in science and technology that will improve health on a global scale,” says Tel Ganesan, president of TiE Detroit. “We believe total investment of this magnitude for all startups, and the providing of physical incubation space in Michigan, can assist innovators with solutions that will benefit humanity worldwide.”

TiECon Midwest is scheduled for Oct. 27-28 at the Henry in Dearborn, the former Ritz Carlton.  The theme of this year’s conference is “Ignite2Disrupt: Connected World. Connected Technologies.” The three main tracks of the event will focus on connected mobility, connected health, and global connectivity.

For more information, visit tieconmidwest.org.