MRO Magazine

Six Ann Arbor Companies Win Accelerate Michigan Innovation Competition


November 6, 2015
By Business Wire News

ANN ARBOR, Mich.

Yesterday, six companies served by Ann Arbor SPARK were announced as winners of the Accelerate Michigan Innovation Competition. One of the companies, Genomenon, was awarded second place in the competition, and won $100,000. Five of the companies were awarded $25,000 sector-specific prizes.

Genomenon, a life sciences company focused on personalized medicine with simplified genome interpretation software, received support from Ann Arbor SPARK throughout its evolution. The company benefited from business acceleration grants for legal work that included corporate formation, licensing, and contract, as well as grants for branding and website work. The company also received investment from the Michigan Angel Fund.

The five companies served by SPARK that were awarded sector specific prizes of $25,000 are:

“Ann Arbor SPARK’s track record of providing startups the services and support they need to grow continues to deliver economic benefit to our region,” said Bill Mayer, vice president, entrepreneurial services, Ann Arbor SPARK. “Not only do the winners of the Accelerate Michigan Innovation Competition attract investment here, their achievement reinforces that Ann Arbor is a destination where high tech companies can succeed.”

The winning companies were chosen after two days of investor presentations at the Westin Book Cadillac Hotel in downtown Detroit. The Accelerate Michigan Innovation Competition was attended by investors, entrepreneurs, funders, and experts in the innovation sector from across the globe.

A full list of winners and additional information on the 2015 Accelerate Michigan Innovation Competition is available online.

Ann Arbor SPARK’s entrepreneurial services, including its SPARK Central Innovation Center, are funded by the Ann Arbor/Ypsilanti SmartZone (LDFA). The LDFA provides the capital needed to facilitate the development of private, high-tech enterprises and commercialization of research products being developed at the University of Michigan and Eastern Michigan University and within the Ann Arbor/Ypsilanti SmartZone.

About Ann Arbor SPARK

Ann Arbor SPARK, a non-profit organization, is advancing the region by encouraging and supporting business acceleration, attraction and retention. The organization identifies and meets the needs of business at every stage, from start-ups to large organizations. Ann Arbor SPARK collaborates with business, academic, government, and community investor partners including the University of Michigan, Eastern Michigan University, Washtenaw Community College, Washtenaw County, Livingston County, the Ann Arbor/Ypsilanti SmartZone (LDFA), Washtenaw County etcs/Michigan Works!, the City of Ann Arbor, Bank of Ann Arbor and the Michigan Economic Development Corporation. For more information, please call (734) 761-9317 or visit www.AnnArborUSA.org.

Ann Arbor SPARK
Jenn Cornell, 734-765-0174
jenn@jenncornell.com