For Immediate Release
Wednesday, Nov. 6, 2013
Four OU INC clients named semifinalists in innovation contest
Rochester, Mich. – Southeast Michigan firms reach semi-finals in North America's largest business plan competition
Four OU INC affiliates have been named semi-finalists in North America's largest business plan contest, the Accelerate Michigan Innovation Competition. AutoBike, CureLauncher, GreenLancer and Munetrix are among 50 companies that have been chosen to vie for cash prizes in Detroit on Thursday, Nov. 14, 2013.
The Accelerate Michigan Innovation Competition is an international business event designed to highlight Michigan as a robust and vibrant venue for innovation and business opportunity. Individuals and organizations with best and brightest new business concepts compete to attract local and national investment capital to help foster their business.
"The Accelerate Michigan Innovation Competition is one of many funding opportunities that OU INC identifies and supports for client participation. Competitions like this are key exposures for the companies, and those winning prizes are able to accelerate the growth," said Amy Butler, executive director of OU INC SmartZone.
"We are very excited to see four companies make it to the semi-finals."
Led by the Business Accelerator Network for Southeast Michigan, the competition provides more than $1 million in cash and in-kind prizes, as well as access to and constructive feedback from a national network of venture capitalists.
OU INC's regional semi-finalist affiliates include:
With preparation assistance from OU INC, each of these companies will deliver its business plan presentation during the Accelerate Michigan Innovation Competition. For more information on the event and the semi-finalists, visit acceleratemichigan.org.
- AutoBike, a new venture that has created technology that monitors a bicycle's operating environment and adjusts the gear so the user can simply hop on and enjoy the ride. With $70,000 in revenue to date, AutoBike is discussing partnership opportunities with four bicycle manufacturers.
- CureLauncher, an organization that solves the clinical trial enrollment problem by using a patent-pending, technology-enabled process that translates enrolling trial information to improve patient understanding, matches patients to enrolling trials and contacts trial sites on behalf of patients. CureLauncher has five-year, exclusive contracts with many leading support communities and service agreements with trial sites and sponsors.
- GreenLancer.com, an e-commerce platform that leverages an online network of freelancers to give contractors the ability to dramatically reduce the time it takes to develop solar energy projects. Accessing engineering support is made quick, easy and affordable while users are assured of the highest level of quality.
- Munetrix®, a comprehensive suite of financial reporting, management and forecasting tools designed specifically to meet the needs of local units of government and schools. More than 700 Michigan local governments are now fully disclosing their fiscal information in Munetrix®, and nearly 200 are using its full capability as premium subscribers.
Located on the campus of Oakland University, OU INC is a SmartZone Business Accelerator and Clean Energy Research Center that enables clients to Reach Beyond the Ordinary by providing entrepreneurial resources and strategic business solutions to accelerate ideas to market. Areas of focus include clean energy and energy efficiency, medical devices and information technology. OU INC also provides customized services to assist domestic and international businesses. To learn more, visit oakland.edu/ouinc.
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Honors College. Visit Oakland University on the web at oakland.edu.