IONTOX is pleased to announce it has been selected as a semi-finalist in the 2015 Accelerate Michigan Innovation Competition (AMIC).
As one of the largest business competitions in North America, AMIC will award more than $1 million in cash and in-kind rewards at the annual event taking place November 3-5, 2015. Technology start-ups at the prototype stage or beyond will pitch their businesses to Midwest and national venture investors to compete for a $500,000 Grand Prize and an additional $500,000 in prizes and in-kind awards.
“This is an exciting time for potential high-growth entrepreneurs and investments in Michigan,” said David Egner, executive director of the New Economy Initiative (NEI). “In just five years, we’ve helped to build a more diverse economy, created hundreds of valuable growth jobs, and provided entrepreneurs the resources and tools to drive innovation in Michigan.”
Since the competition’s inception in 2010, the semi-finalist and finalist companies have created more than 950 high-tech jobs. “As Detroit emerges from bankruptcy, Accelerate Michigan underscores the role entrepreneurs can have in its resurgence, having generated more than $204 million in follow-on funding,” said Lauren Bigelow, Executive Director of the competition. “We’re very proud of the impact that we’ve had on the broader tech entrepreneur community and expect innovation around the future of mobility to drive the Motor City into a new tech renaissance.”
Additional details regarding competition eligibility and participation can be found on the Accelerate Michigan website.
ABOUT IONTOX LLC
IONTOX is a health sciences company formed to provide expertise in the area of in vitro toxicology with a mission to build improved methods for predicting human adverse effects from chemical exposure. IONTOX’s innovation greatly enhances current in vitro testing techniques and will dramatically reduce the use of animals for new molecular entity testing.
ABOUT ACCELERATE MICHIGAN AND ITS PARTNER ORGANIZATIONS
The Accelerate Michigan Innovation Competition (AMIC) is an international business competition celebrating its sixth year of connecting late-stage entrepreneurial companies with national and international investors. The competition showcases the best and brightest new businesses to angel venture capitalists in order to foster growth. Made possible by grants from the New Economy Initiative and the Michigan Economic Development Corporation’s 21st Century Jobs Fund, Accelerate Michigan has had an immediate and positive impact on the state’s economy, bolstering and advancing Michigan’s entrepreneurial ecosystem. For more information and to apply please visit www.acceleratemichigan.org.