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.
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"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."
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