Accelerate Michigan Innovation Competition Application
Companies must submit this application by August 31st in order to be eligible to compete in the 2018 Accelerate Michigan Innovation Competition.

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.

For 2018, we 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.

Key Dates:
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

Email address *
Company Name (must be the same as on the registration form submitted by your company) *
Your answer
Your Elevator Pitch - Provide a clear and succinct explanation of your company's focus. (130 characters max) *
Your answer
Your Executive Summary - Provide a brief summary of the challenge that you are committed to solving and the solution that you are proposing. Your Executive Summary, along with your elevator pitch, may be extracted and revealed to the public. Therefore, your response should not require any other context to explain clearly the problem and your proposed solution. (1500 characters max) *
Your answer
Who is your target customer and what are they doing to solve the problem today? (750 characters max) *
Your answer
Who are your main competitors and why are you different/better? (750 characters max) *
Your answer
What is the size of your market? (Provide the details of the calculation used) (500 characters max) *
Your answer
Leadership Team - Who is on your leadership team? Please indicate what experience/track record and network each individual on the leadership team brings and whether they are part time or full time with the company. (1500 characters max) *
Your answer
What is the status of the development of your company's product or service (including IP)? What are your key milestones for the next 12-18 months? (750 characters max) *
Your answer
Is your company's product or service available to consumers yet? *
Required
Is your company earning revenue? *
Required
Has your company filed any intellectual property? *
Required
Describe your company's traction, users, key partners, and customers (750 characters max) *
Your answer
Revenue Model – Provide a narrative description of the financial status and revenue model of your organization. How do you make money? Explain why and how you are positioned for long-term stability and expansion. (750 characters max) *
Your answer
Please list the type of funding and amount raised by your company as of 6/30/2018. Separate into founder capital, grants, angel capital, venture funding, loans, and other (please describe). *
Your answer
Please list revenue projections for 2018, 2019, and 2020? (three separate dollar amounts) *
Your answer
Is your company going to be raising a seed or series A round in the next 12 months? *
Required
How much capital will you need to raise in next three years? (aggregate dollar amount) *
Your answer
Optional: If there is any other information you would like the Judges to consider, please include it here. (650 characters max)
Your answer
A copy of your responses will be emailed to the address you provided.
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