Michigan Life Science Entrepreneurs Association (MiLSEA) Business Plan Competition 2024

We are thrilled to announce the launch of our annual MiLSEA Startup Business Plan Competition in Ann Arbor to celebrate the holidays with the life science community and offer an exciting opportunity for budding innovators to showcase their ideas and vie for a chance to win a grand prize valued at $50,000!  If you are a visionary entrepreneur with a passion for driving advancements in the field of life sciences, this competition is tailor-made for you.

Finalists will be invited to pitch in front of a distinguished panel of judges composed of successful life science entrepreneurs, investors, and business school professors.

Competition Details:

Event Date: December 10, 2024

Location: Ann Arbor, MI 48104, updates coming soon!

Entry Deadline: November 20, 2024

Selection Criteria:

Your company needs to:

1.     Be incorporated (or an LLC) with major operations/headquarters in Michigan

2.     Have an established, full-time founding team

3.     Have a product or Minimum Viable Product (drug, device, assay) with IP protection

4.     Have a strong social impact in solving unmet medical or life science research problems

5.     Be committed to growing their business/team in-state (does not exclude growing out-of-state as well)

Disqualifier:

Companies that have raised $2 million or more in funding (excluding state or federal grants) are ineligible.

How to Enter:

A.    Prepare your Business Pitch Deck:

Your pitch deck should have no more than ten slides (Not including your cover slide)

1)    Problem

2)    Solution

3)    Technology and IP protection

4)    Market insight

5)    Competition (Hint: Porter’s five forces)

6)    Business model

7)    5 Year Finance Projections

8)    Milestones

9)    Team

10)  Ask

B.    Selection Process: A panel of experienced judges will evaluate the entries based on criteria such as innovation, feasibility, market potential, and impact on the life science sector.

C.    Final Event: If selected as a finalist, you will be invited to present your business plan at our final event, where you’ll have the chance to impress the judges and compete for the grand prize.

Jose Figueroa

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