Foundation / Corporation
Invest Detroit Ventures - Accelerate Michigan
Opportunity for Michigan businesses to showcase innovative new business concepts to potential investors and compete for business development funding. The goal of this competition is to provide opportunities to mid to-late seed-stage businesses with the potential to have an immediate and positive impact on Michigan's economy, as well as student concepts with longer-term business viability.
Accelerate Michigan Innovation Competition, a program of ID Ventures, is a competition that supports Michigan’s entrepreneurial ecosystem by offering entrepreneurs the opportunity to showcase their companies to investors while building connections with entrepreneurs, business acceleration resources, and experts in their sector during carefully curated individual meetings.
Accelerate Michigan supports entrepreneurs who are taking risks and driving innovation in high-tech industries. The competition features the best and brightest seed-stage businesses and introduces them to angel and venture capital firms while awarding up to $1,000,000 in cash and services. Since inception, the growing startup companies who have been awarded the grand prize at Accelerate Michigan have hired over 1000 people and attracted more than $550 million in additional investment.
Applications are being accepted in the following Primary Company Sectors:
-Information Technology (includes FinTech, EdTech, LoT, software, hardware, etc)
-Media and Marketing
-Advanced Materials and Manufacturing
-Business Services and Productivity
GrantWatch ID#: 158640
Invest Detroit and Ann Arbor SPARK have partnered to award the grand prize winner of the competition $500,000! An additional $500,000 will be awarded to other companies participating in the competition.
Eligibility Criteria (you must meet all criteria to be eligible):
-Your company has competed in Accelerate Michigan no more than once before
-Your company has not received more than $25,000 in awards from Accelerate Michigan
-Your company has raised
For 2018, AMIC will introduce a new format that gives startups more individual time with investors and high-profile mentors, the opportunity for investors to pitch their firms, and a bigger and better public event with a seated dinner in the newly iconic Lexus Velodrome.
Company Registration Opens – July 16
Company Registration Deadline – August 15 (Companies MUST have registered to be eligible to apply)
Company Application Deadline – August 31
Semi-Finalists Announced – Early October
Accelerate Michigan Innovation Competition - November 13
To ensure commitment from applicants, there is a nominal fee ranging from $50-$150 to apply.
For more information about the 2018 Accelerate Michigan Innovation Competition which will take place on Tuesday, November 13, 2018, click here:
Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.