Venture Competition Apply for a chance to win over $100,000
presented by the Song Foundation and Michigan Founders Fund Main Stage of the historic GEM Theatre
Up to 60 companies may be accepted to compete IN TEAMS on the Main Stage October 13, 2022 for $100,000 of non-dilutive funding and free legal services with a $5,000 MiSpringboard grant from Varnum LLP. Please read all eligibility and competition details below before applying!
Must be incorporated (or LLC) headquartered in Michigan
Must have an established, full-time founding team
Product must be in market and ideally, generating some ARR
Committed to growing the business/team in-state (does not exclude also growing out of state)
Companies who have already raised $2 million or more in funding (excluding state or federal grants) are not eligible
TIMELINE: Now through Oct 5th: a selection committee will review the online applications and select the founders/companies who will be invited to participate in the competition Oct 7th: all accepted founders/companies will be notified and provided with a list and contact information for all other accepted competitors, along with details about the competition activities Oct 7th - 12th: your objective is to form a team totaling 3-5 companies/founders. You can contact any of the other accepted founders/companies from the list that is provided on Oct 7th Oct 13th: Competition Day Sprint on the day of the competition, each team will be provided 60 minutes (day-off sprint) to put together their team pitch
competition: team pitches October 13th main stage
Each team of 3-5 must develop a plan for how they can leverage different facets of their relationships/business/product to support one another in achieving mutual success in growing their business. This is what they will pitch to judges onstage October 13th.
Pitch Format: 5 minutes to pitch, with 5 mins Q&A Judges Panel: Invest Detroit Ventures, eLab Ventures, Hyde Park Angels Evaluated on: Originality, Strength of Collaboration/Achievable Outcomes, DEI (of team and plan)
The winning team/s will split the prize money equally amongst each team member