In the last few years, entrepreneurs are increasingly making pitch and business plan competitions part of their game plans. And more than ever, nationally televised contests are filming in Detroit.
"A number of competitions mirroring the style of hit TV show "Shark Tank" have sprung up in Detroit, where a downtown start-up tech scene has taken root...
Mark Kiel's company, which developed software to interpret data about gene mutations in DNA sequencing, was founded two months ago, but he has already raised $47,000 in capital.Kiel, 37, won his money from MiQuest, the Michigan Collegiate Innovation Prize and Greenlight Best Overall Pitch.
Ann Arbor-based Genomenon has won three business-pitch competitions — allowing Kiel to bypass the traditional route of hitting up family and friends or wooing an angel from a venture capital firm."