Great Lakes Entrepreneur's Quest Announces Five Finalists to Pitch for $25,000 Business Plan Competition Grand Prize
Great Lakes Entrepreneur's Quest Announces Five Finalists to Pitch for $25,000 Business Plan Competition Grand Prize
ANN ARBOR, Mich., June 11 /PRNewswire/ -- Five companies competing in the Great Lakes Entrepreneur's Quest (GLEQ) business plan competition will pitch their companies to a panel of five judges in the Grand Prize Ceremony on Tuesday, June 12th, 2007 starting at 4:30 pm at Automation Alley in Troy, MI.
The finalist achieved the top five overall scores based on their 12-page business plan and participation in the GLEQ business training and coaching program over the past 5 months. Investor pitches scores will be added determine the Grand Prize winner and runner-up.
The finalists are:
1. B.A. Maze, Inc.: Robert Mazur - Entrepreneur - Canton, MI
GLEQ Coaches: Donald H. Baker, Jr. - Safford & Baker, PLLC & Mark Young
- Western Creative, Inc.
B.A.Maze, Inc. invents, trademarks, and distributes innovative products
that positively impact quality-of-life and independent living issues.
With intellectual property and the implementation of unique consumer
products, the company will be the leader in consumer products for
independent living.
2. Blizzard Boost Corporation : Mark Schwartz - Entrepreneur - Livonia, MI
GLEQ Coach: John Weber
Blizzard Boost Corporation is the manufacturer of a patented engine
performance enhancement system (BlizzardBooster) that significantly
improves engine performance through a unique combination of increased
boost pressure and induction air temperature conditioning.
3. KAK Enterprises : Dan Killeen - Entrepreneur - Farmington Hills, MI
GLEQ Coach: Gary Wagner
Utilizing GPS-enabled mobile devices, KAK's LocaKno product delivers
entertaining and educational information to travelers. Historical and
contemporary content is delivered in both text and audio format.
4. OtoMedicine : Peter Boxer - Entrepreneur - Ann Arbor, MI
GLEQ Coach: Elke Lipka
OtoMedicine's mission is to become the leading provider of medicines to
prevent, treat and cure hearing loss. AuraQuell(TM) is a proprietary
combination of antioxidants and a vasodilator can dramatically reduce
noise-induced hearing loss.
5. promo_VUZ : Robert Suarez - Entrepreneur - Ann Arbor, MI
GLEQ Coach: Jan Genshiemer - Seracon, Inc.
promoVUZ will provide internet "Tools for Independence (SM)" that
enable the recording artist to control their music assets and retain
100% of their royalties. The web-enabled tools, enrich promotions,
simplify and track downloads and sales, and build a goldmine of
transaction data to predict industry trends.
The Investor Pitch Judges are:
- Terry Cross, Angel investor and founder of Windward Associates
- Pete Farner, Managing Director, TGap Ventures
- Judy M. Johncox, Director for Venture Development, Wayne State
University
- Mahendra Ransinghani, Senior Advisor, Plymouth Venture Partners.
- Robert Savage Founder, Savage Consulting
- Phil Tepley, Technology Team Coordinator, Michigan Small Business and
Technology Development Center
Past grand prize winners include Rapid BioSense, SpiritShop, Adaptive Materials, Sensigen, TJ Pulse and Velcura. Five of this year's Michigan's 50 Companies to Watch are GLEQ alumni.
First place teams from the Emerging Company and New Business Idea paths will be recognized with cash awards of $25,000 and $5,000 respectively. In addition, each winning team will receive hours of valuable professional services. Runner-up teams in each category will be recognized with cash awards of $5,000 and $1,000 respectively. Also this year are two Innovation Awards sponsored and presented by NextEnergy and Automation Alley. The two new awards will be investments of up to $12,500 each in companies that are focused on alternative energy technology and advanced automotive manufacturing.
The keynote speaker will be the highly successful Michigan entrepreneur Robert Skandalaris. He is the founder, president and chief executive officer of Noble International Ltd., a NASDAQ manufacturer of automotive parts and heavy equipment and provider of logistic services. The Skandalaris Entrepreneurial Program provides valuable help with student-started companies. Under this program, the Olin School has more than doubled its student entrepreneurial opportunities.
All teams participating in the business plan competition receive written feedback from a minimum of three venture industry experts. Teams must be present at the event to win and to receive their plan feedback.
The program begins at 4:30 pm at Automation Alley in Troy, MI. All are welcome to attend, however, pre-registration at www.gleq.org is required for this free event. For details and directions or to learn more about the GLEQ, please visit www.gleq.org.
Source: GLEQ
CONTACT: Art DeMonte for GLEQ, +1-734-647-8951
Web site:
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