ANN ARBOR – The Great Lakes Entrepreneur’s Quest has moved back the Phase I registration deadline for its Business Plan Competition from October 31 to November 15 to give entrepreneurs more time to sign up.

The submission deadline for a completed five-page executive summary by registered teams also has been moved back to December 14th.

“We’ve had an increased flow of entrepreneurs registering for

the competition in recent weeks and want to ensure that all entrepreneurs

have time to register and engage the GLEQ coaches before the executive

summary submission deadline in December,” said Art DeMonte, GLEQ Executive

Director.

Fourteen teams are already registered in the competition, many

have participated in the FastTrac program, and all have been assigned

experienced business coaches.

The GLEQ sponsors a statewide business plan competition with particular

emphasis this year on Business Commercialization. The GLEQ is structured

into two distinct maturity “paths”: companies with more developed

businesses compete in the Emerging Company (EC) path, while teams with new

or less developed business ideas compete in the New Business Ideas (NBI)

path. In Phase I, both EC and NBI executive summaries will be assessed by

up to four professional investors – with highly valuable written feedback

provided to the entrepreneurs. Winners in Phase I can receive cash awards

up to $5,000 and in-kind services from legal, marketing and accounting

sponsors.

GLEQ Phase I Awards will be presented at the Annual Collaboration for Entrepreneurship Event Set for January 17th at Washtenaw Community College. The ACE program also features:

1. A Showcase Presentation by a growing entrepreneurial company.

2. Elevator Pitch Competition between several early-stage entrepreneurial companies

3. Presentation of the Great Lakes Entrepreneur’s Quest Awards

4. Workshops featuring interaction and discussions on entrepreneurial issues

5. The Entrepreneurs’ Exhibit Display Hall

6. A Poster Presentation Area for early-stage technologies

7. Refreshments and networking

Some of the current GLEQ entrepreneurs include:

MaterialWerks, LLC has developed the technology, which makes the next generation of electric and hybrid electric vehicles possible – via an interactive series of IP protected innovations, it is now practical to directly place the electric motors within the wheels of the vehicles, thereby eliminating costly, bulky and heavy transmissions, differentials, drive shafts and the like. The freedom to now place higher battery capacity where required will provide greater driving range, lower overall emissions and improved vehicle functionality. Sustainable mobility requirements, whether environmental or economic, mandate significant improvements in vehicle energy efficiency, which is made possibly by MaterialWerks’ Integrated In-Wheel Motor System suite of technical IP innovations.

H&T Medical Solutions LLC is a privately held company in Royal Oak. The business was founded by James B. Hughes, MD, and Thanh H. Tran, their main focus is to bridge the gap between Electronic Health Record (EHR) technology with everyday psychiatric practice. With MentalNote, psychiatrists can significantly save time per session with a patient, never have to write or type, and have medical documents comply with government standards.

Ethanol & Electric LLC alternative fuels stations. State of the art designed to service all alternative fuel and electric engines. Company will buy and sell commercialized hydrogen, generate electricity for consumers also supply these stations with at least three types of ethanol E85 (premium) derived from corn, E90 semi cellulose derived sugars from switch grass, and offer a universal regular ethanol made from wood bi-products.

For more information, click on GLEQ.Org

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