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Ann Arbor start-ups dominate Accelerate Michigan semi-finals
Friday, November 19, 2010
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Ann Arbor-based start-ups are dominating the
Accelerate Michigan Innovation Competition
, taking half of the 50 spaces in the semi-finals.
Elizabeth Parkinson
, director of marking and public relations for Ann Arbor SPARK, says this sort of showing isn't an anomaly. Tree Town-based start-ups regularly take half of the cash from Michigan's statewide
Pre-Seed Capital
and
Microloan
funds.
"We used judges from across the state," says Parkinson.
Ann Arbor SPARK
is the lead organizer behind the Accelerate Michigan Innovation Competition. "Everyone has three looks from three different judges. Everybody got a fair look."
And Ann Arbor firms shined through. On top of that another three startups are based in (Saline-based
Sensors
and Brighton-based
Spinal Ventures
) or have ties to (
ShadePlex
started in Ypsilanti) communities nearby. The
list
includes a number of firms that are well known for a variety of reasons, including
Discera
, which emerged as an issue in the recent gubernatorial race.
Among the companies are
Accio Energy
,
Advanced Battery Control
and
POWERleap
in alternative energy, along with
Arbor Photonics
and
ePack
in next generation manufacturing. The medical device companies include
Compendia Bioscience
,
Epsilon Imaging
,
Hygieia
,
OcuSciences
, Vir(Sn) and
ImBio
. The life science firms are FreeStride Therapeutics,
Life Magnatics
,
NextGen Metabolomics
, and
RetroSense Theraputics
. The rest include
Current Motor Company
(advanced transportation);
ElectroDynamic Applications
and
Mayaterials
(both in advanced materials);
Evigia Systems
and
Pixel Velocity
(both defense & homeland security);
Ix Innovations
and
Monarch Antenna
(both products and services);
TherapyCharts,
and Reveal Design (IT).
The Accelerate Michigan Innovation Competition is offering $1 million in prizes to start-ups in Michigan or planning to move to Michigan. The idea is to showcase the state's entrepreneurial ecosystem to a large audience of investors in town for the
Big Chill
hockey game at Michigan Stadium on Dec. 11.
Source: Elizabeth Parkinson, director of marking & public relations for Ann Arbor SPARK
Writer: Jon Zemke
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