More than $1 Million in cash and prizes was awarded last evening at the 2012 Accelerate Michigan Innovation Competition in downtown Detroit, with Algal Scientific Corporation taking home the $500,000 cash grand prize. Last evening’s Gala and Awards Ceremony at Detroit’s historic Orchestra Hall capped off the most successful Accelerate Michigan Innovation Competition to date. Investors, executives, entrepreneurs and students from across the globe participated in the event over the course of three days.
“Congratulations to all of the exceptional companies and students who participated in the 2012 event,” said Lauren Bigelow, executive director of the Accelerate Michigan Innovation Competition. “The ideas and commitment of every participant were inspirational. Equally impressive was the collaborative efforts of the Michigan accelerator, investor and economic development partner organizations that make the competition possible.”
Tags: nutrient pollutants, biological oxygen, nitrogen, phosphorus, industrial wastewater, technology produces algal biomass, fertilizer, bioplastics, biofuels
Source: Businesswire, 2012-11-16.