Greenlight Business Model Competition
The first annual Greenlight Business Model Competition, created by Spartan Innovations and MSUFCU, was a huge success. The event brought together entrepreneurs from all over Michigan to pitch their business ideas to a panel of judges at their chance to win prizes totaling $50,000.
During the first round of the competition, participants were asked to complete an application and business plan. The top twenty-five finalists then pitched their business plans in front of the panel of judges.
The grand prize of $25,000 went to Kymeria Advanced Materials, created by Cameron Smith, Vincent Alessi, Dave Hatfield, and Reed Shick. Their business is developing new chemistry for ceramics, which will bring benefits of existing advance ceramics to new parts and markets.
“MSUFCU was proud to sponsor the Greenlight Competition this year and invest in a program that will bring new business to Michigan to help improve our economic conditions statewide,” said April, MSUFCU’s Executive Vice President and Chief Operating Officer.
Additional prizes were awarded based on best pitch, fastest growth potential, best idea for Michigan, most creative, and most needed in the marketplace. There were also three endowments granted to undergraduate students.
If you’d like to learn more about the Greenlight Business Model Competition, please visit www.greenlightmichigan.com.