Companies Vie For Up To $20 Million During Michigan Growth Capital Symposium
They had just 15 minutes to present their business pitches, but for the nearly 40 companies participating in the 34th annual Michigan Growth Capital Symposium, the stakes couldn’t be higher.
With more than 450 people in attendance, including angel investors, institutional investors, and venture capitalists, the companies are hoping to win up to $20 million in funding from some of the top investors in the U.S.
MGCS, which is hosted by Michigan Ross’ Zell Lurie Institute for Entrepreneurial Studies and the Center for Venture Capital & Private Equity, highlights new and emerging entrepreneurs from across the state and the midwest, providing them with the opportunity to showcase their ideas and allowing investors to learn more about the new technologies.
The symposium kicked off Tuesday with a keynote address from Ross alum Brad Keywell (BBA ’91), CEO and Co-Founder of Uptake Technologies, about today’s model of creating business ventures. Day two featured a keynote speech from Bill Coughlin, President and CEO of Ford Global Technologies, on the growing interest of startup ventures and how entrepreneurship is contributing to Detroit’s revitalization.
In addition to the slew of presentations, participants also attended panel discussions on various topics including the emergence of women in entrepreneurship, the growing trend of cybersecurity startups, and the impact of technology in the healthcare system. Companies that presented include SurClean, Armune BioScience, Banza, and Promote Social. This was also the first year MGCS formed a partnership with Midwest Research University Network (MRUN).
This new track features six Midwestern universities, including the University of Michigan, presenting their emerging startups to various investors. Entrepreneurship and startup ventures have seen much growth in the business sector, as both investors and investees see the many opportunities they offer in an ever-changing, globalized economy.
Image: Panel discussion at the 2014 MGCS