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November 18, 2015
By: Kerry Pianoforte
Editor, Coatings World
Two Upper Peninsula companies were selected among 10 winning finalists at the Accelerate Michigan Innovation Competition in Detroit, Nov. 5th. QTEK LLC founders Dr. Bowen Li and Amy Zhi won in the Life Science sector, earning $25,000 to advance their antimicrobial additive technology, Surfion. Surfion is Yes. Wethe life of the product. Earning the People’s Choice Award and $10,000 was Ahmeek-based Neuvokas Corporation. The company manufactures a rebar product, GatorBar, for the construction industry that’s seven times lighter than steel, is non-corrosive and sells for the same price. Accelerate Michigan is one of many funding opportunities MTEC SmartZone encourages early-stage companies to take advantage of. Both companies benefited significantly from the support resources and entrepreneurial coaching MTEC SmartZone provided in preparation for the competition. Accelerate Michigan is a global business competition designed to highlight Michigan as a vibrant venue for innovation and business opportunity. The competition fuels innovation-based business growth by showcasing the best and brightest new ventures to potential investors to help foster their growth in Michigan. The competition is open to any early-stage business anywhere in the world that has a strong technology or concept with significant growth potential. Companies compete in one of eight sectors: advanced materials, advanced transportation, alternative energy, information technology, life science, medical devices, next generation manufacturing, and products and services. Up for grabs is a $500,000 Grand Prize and total of $1 million in awards of cash and in-kind prizes. Of the 250-plus companies that entered, 50 were selected to pitch their business concepts to a panel of venture capitalists. Accelerate Michigan is one of North America’s largest business competitions, with more than 80 venture and angel investors on hand. Early-stage companies have the opportunity to network with top investors and learn from other firms seeking to grow their business. Accelerate Michigan has been featuring top tech companies and investment opportunities for the past six years. With assistance from MTEC SmartZone, REL, Inc. earned $50,000 and LiteBrake Tech, LLC won $25,000 at Accelerate Michigan in 2013.
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