GreenSand Corporation, based in Lake Linden, is one step closer to possibly winning a half million dollars.
The company, which possesses a technology to recycle copper-laded mining stamp sand to produce roofing shingles, recently advanced to the semi finals of the
Accelerate Michigan Innovation Competition. The competition will take place Nov. 16 and 17 in Ypsilanti in the Lower Peninsula.
Copper is a desirable construction additive for its prevention of algae and mold growth. Additionally, the GreenSand shingle repels water, accepts color and is durable. The company has the mineral rights to an estimated 25 to 90 million tons of stamp sand along the Lake Superior shoreline.
"Winning the competition would accelerate our group with the financial means to produce, transport, complete corporate negotiations and engineer the production facility to be commissioned by July 2012," says Domenic Popko, owner of the GreenSand Corporation.
Accelerate Michigan Innovation Competition is a business plan competition designed to highlight Michigan as a great state for innovation-based business growth. GreenSand will compete in the Advanced Materials sector with a five-minute elevator pitch before over 50 investor-judges. Five levels of prizes range from people’s choice of $10,000 to the grand prize of $500,000.
Writer: Sam Eggleston
Source: Domenic Popko, GreenSand Corporation
Enjoy this story?
Sign up for free solutions-based reporting in your inbox each week.