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Boston entrepreneur impressed by SE Michigan's biz-development unity
Friday, December 17, 2010
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Alden Zecha left Ann Arbor this weekend impressed not only with the
Accelerate Michigan Innovation Competition
, but the unity its organizers displayed.
The CFO and strategist made the elevator pitch for Massachusetts-based
Sproxil
during the finals of the $1 million business plan competition. When all was said and done, Zecha was pleasantly surprised by how well the Business Accelerator Network for Southeast Michigan (
Ann Arbor SPARK
,
Automation Alley
,
TechTown
and the
Macomb-OU INCubator
) worked together to make it all happen.
"That is fairly unusual," Zecha says. "Usually those competitions are put together by a single entity, frequently an academic institution. (At those competitions) I wouldn't normally see any animosity between organizations. I see a lot of autonomous organizations that are competing with each other."
Sproxil won the $10,000 People's Choice award for its drug-intelligence software. The winners of the grand-prize ($500,000) would have to agree to move to Michigan. Sproxil and its staff of four were ready to do that had they won, but will remain in Massachusetts for now. The $500,000 would have justified the costs of moving, Zecha says.
Source: Alden Zecha, CFO & strategist for Sproxil
Writer: Jon Zemke
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