eLab AI Launchpad is an AI Pitch Competition aimed at supporting early-stage AI startups in Michigan with the launch of their company.
Selected participants will get the chance to pitch their company to a live audience and panel of judges, and the two most compelling companies will secure $50,000 and $25,000 SAFE investments (with a 20% discount and no cap) as prizes.
What you’ll receive for participating
- The winners of the 1st and 2nd places will be awarded $50,000 or $25,000 SAFE investments (with a 20% discount and no cap) by eLab Ventures.
- 1st place recipient will also be granted a $5,000 legal MiSpringboard grant courtesy of Varnum.
- Have an established, full-time founding team with headquarters located in Michigan
- Have product in market, some customer validation and/or generating revenue
- Use AI as a material part of their product offering and/or provide a new AI technology platform to other companies
- If selected, you will travel to Ann Arbor Michigan to pitch in person October 9th
NOTE: Companies that have already raised $2 million or more in funding (excluding state or federal grants) are not eligible