The next Accelerate Michigan Innovation Competition will take place on Thursday, November 3, 2016 in Downtown Detroit. If you are in Michigan and have started a company, you should participate. First prize is $500,000, which is a lot of money for an early stage company to bring in.
Last year, Banza, a producer of chickpea-based pasta, took home first prize. Data aggregator Crunchbasereports that Banza raised $1.3 million last November, shortly after the competition, indicating that winning the competition probably helped them with their fundraising.
The Value of Losing Business Plan Competitions
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