More than 300 applications were received, but in the end, only 53 semi-finalists were chosen to battle it out for a chance to win more than $1 million in cash and in-kind awards in this year’s Accelerate Michigan Innovation Competition.

Accelerate Michigan is an international business plan competition designed to highlight the state as a robust and vibrant venue for innovation and business opportunity. Not only does the competition highlight Michigan as a destination for innovation, but it is also helps to accelerate the transition of our region to an innovation-based economy.

Led by the Business Accelerator Network for Southeast Michigan, The New Economy Initiative is pleased to have been founding sponsor of last year’s first annual competition and to continue as a lead sponsor along with Business Leaders for Michigan and the University Research Corridor institutions—Michigan Sate, University of Michigan and Wayne State University.

The competition supports the message that Michigan is an ideal place to launch and grow a new business. Although the majority of this year’s companies are based in the state, that message is spreading. This year applications were received from around the country, as well as international companies from Canada, the United Kingdom, India and the Ukraine.  To be eligible for prize monies, companies must be located in Michigan or willing to relocate to the state.

This year’s semi-finalists are made up of companies throughout Michigan and three companies traveling in from Chicago, Fall River, Mass., and New Rochelle, N.Y., for the competition. With 13 of the 2010 semi-finalists returning – including last year’s sector prize winners Accio Energy, The Mackinac Technology Company and ENRG Power Systems – this year’s competition is going to be fierce. On Nov. 16-17, the semi-finalists will gather in Ann Arbor to deliver their business pitches to investors.

Congratulations to all of the 53 semi-finalists and good luck in November.

The semi-finalist companies include:

Advanced materials
Blue Water Bioproducts
InfiChem Polymers LLC
InPore Technologies Inc.
The Mackinac Technology Co.
Vinci Technology Corp
Advanced transportation
Current Motor
ENRG Power Systems LLC


Alternative energy
Accio Energy
Advanced Battery Concepts
Arbor Wind
Climate Technologies Co.
Grid Logic
Metro Ag Services
Medical devices
Advanced Cooling Therapy
Blaze Medical Devices
Retia Medical
Shoulder Innovations

Defense and homeland security
Emitech Inc.

Next generation manufacturing
Fusion Coolant Systems
North Coast Industrial Imaging
Information technology
Are You Human
GPX Software
i3D Technologies Inc.
Practical EHR Solutions
White Pines Systems

Products and services
Algal Scientific Corp.
Applied Engineering Technologies
ArtJen Conplexus


Life science
BioPhotonic Solutions
DeNovo Sciences
NEXTGEN Metabolomics
ONL Therapeutics
Phrixus Pharmaceuticals
RetroSense Therapeutics
Syzygy Biotech