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Michigan to launch Business Plan Competition – The biggest business plan contest in the country awarding the largest single grant of any such contest

Contest to pay cash for Michigan business innovations

The right tweet can win $5,000 and the best business plan can get $500,000 in a contest that kicks off today that aims to boost Michigan’s entrepreneurs.

The Accelerate Michigan Innovation Competition http://www.acceleratemichigan.org will rival the biggest business plan contest in the country and award the largest single grant of any such contest, said David Egner, CEO of the New Economy Initiative for Southeast Michigan.

"It’ll be at least $1 million in cash plus prizes," Egner said.

Brian J. O’Connor / Detroit News Finance Editor

Full Story: http://www.detnews.com/article/20100824/BIZ/8240324/1001/biz

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