26 January 2016
16th Annual Collaboration for Entrepreneurship (ACE'16)
ACE '16 is the place where Great Lakes region entrepreneurs gather to network, learn and connect. Each year at ACE, you engage with an exciting, forward-thinking community of innovators, entrepreneurs and business leaders – people – like you who have the vision and drive to build new ventures for a new future. Each year’s ACE event, along with the year-long activities of its supporting organizations, is helping to make the Great Lakes region a better place to start and grow a business. Join the crowd of attendees as they take advantage of learning and networking opportunities with fellow entrepreneurs, funding sources and entrepreneurial resources at ACE’16. See www.ace-event.org for more information.
NEF participation at ACE'16
As one of the founding partners of ACE, NEF has a strong interest in the success of this event. At ACE'16, NEF will be sponsoring two workshops:
Live Investment Pitches To Investors
Experience the difference in an entrepreneur's investor pitch before and after the NEF coaching process. Participate in the audience by asking questions of the entrepreneurs and the investor panel about the concept, market size, competition, business model, go to market strategy, revenue model, finances or management team.
Live Investment Participants:
- Mark Kiel of Genomenon - Providing Genomic sequencing analysis software
- Bob Chunn of ContentOro - A reputable content provider for websites
- Lisa McLaughlin of Workit Health - A software platform providing care & support to substance abusers
Live Investment Judges:
Reda Jaber is a Partner at IncWell an early-stage venture capital fund, where he is involved in all startup company submissions across all business sectors, with lead responsibility for medical sector related activities. Previously, He gained investment experience at Stage 2 Innovations, a $100 million private equity fund. He co-founded several startups including MDCases and MI Happy App. Reda is a celebrated author in research publications and has presented his findings at major scientific conferences internationally. In 2015, he was named to Crain's Detroit Business 20 in their 20's, and in 2016 he was named a Forbes 30 Under 30 in Healthcare. Reda holds an MD & MBA from the U-M Medical School and the Ross School of business.
Adrian Ohmer is an Associate at Invest Detroit, a company sourcing and evaluation for Detroit Innovate (VC fund) and First Step Fund (seed-stage), along with the support of other funds in the Invest Detroit portfolio as well as entrepreneurial community engagement. He was a Co-Founder of Wedding Seed, a web and mobile-based service that attempts to solve the fundamental disconnect in the wedding industry between what a couple asks for and what they truly want for their wedding. Adrian was also the Editor in Chief for the Michigan Journal of Private Equity & Venture Capital Law.
Skip Simms is Senior Vice President of Ann Arbor SPARK. He works with technology start-up and early stage companies. He focuses on preparing start-ups for equity fund raising. Skip has been successful in raising over $25 million in grants through the states 21st Century Jobs Fund program for the Michigan Pre-Seed Capital Fund. This program provides very early stage start-ups with small loans, and provides a matching investment of up to $250,000. Skip is the Managing Member of the for-profit Michigan Angel Fund which invests in Michigan based technology companies that need little capital. The Michigan Angel Fund is the state's largest angel network with 73 high net worth individuals looking for an above average return while helping grow and diversity the states economy. Skip participates on both profit and non-profit boards, and was a founding member of the Michigan Venture Capital Association.
Four entrepreneurs will each give a four-minute pitch of their business idea to a panel of investor judges in a “Shark Tank” format. Prototypes and visual aids are encouraged but, no PowerPoint. After each pitch, the judges will give detailed feedback and each judge will score the business. At the end, the person with the highest score will receive a special ACE'16 cash prize of over $300.
Pitch Pit Contestants:
- Norman Kutemperor of Scientel IT Corp.- Is a pioneer in NoSQL Data Base technology. NoSQL, the key to Big Data, is widely utilized on the internet. Scientel specializes in applications based on NoSQL technologies.
- Kate Thomas of OT&PT Pups - People who own a dog are eight times more likely to survive the first critical year after a heart attack than those who do not. OT&PT Pups has the Rx for healing
- Chris Bogdan of Get Up & Go - Provider of the first caffeinated baked goods to mass market in the United States.
- Syed Hussain, of Flexion, LLC -- Developer of an exercise bike to increase range of motion and strength in upper extremities to increase self care, activities of daily living and independence with functional mobility.
- Timothy Jones of Colorspritz - Developer of electrical generators for wearable illumination including pedestrian safety and fitness.
Pitch Pit Judges:
Derek Edwards, As Vice President of Invest Detroit, a leading source of private sector gap financing, Derek utilizes a variety of funding tools through managed for-profit and non-profit targeted funds to support economic development opportunities in underserved communities primarily in the City of Detroit. His efforts at Invest Detroit are intended to promote job creation expansion of the tax base, and an improved quality of life for the communities the organization serves. He mentors high school students through the 'Winning Futures' program, helping them set goals, explore career options and reinforce how their values impact their personal successes. Derek holds a BSBA in Accounting from Lawrence Technological University and an MS in Corporate finance from Walsh College.
Lisa Seymour, is the Program Manager for Techstars Mobility, an accelerator program that is operating at the intersection of Detroit's automotive dominance and its entrepreneurial resurgence. Her experience in operations and relationship building allows her to help entrepreneurs move easily through an intense accelerator program as well as support the growth of the Detroit startup community. Lisa has lived in Detroit for over ten years after moving to the city to attend Wayne State University on a softball scholarship. After graduation she served as the Chief of Staff in the Wayne State Athletic Department. She first transitioned into the startup world with a position at Duo Security in Ann Arbor. Lisa holds a B.S. in Management and an MBA from Wayne State University.
Rachele Downs, is the Vice President of Entrepreneurial Strategies for Inforum and the Inforum Center for Leadership (ICL). She is responsible for leading in GAGETM which is Inforum's strategy to position Michigan as the Midwest hub for high-growth women entrepreneurs.The formation of ICL turbocharged Inforum’s mission to help women lead and succeed, giving the organization a real discipline and substance to developing women as leaders – not just supporting them. Inforum is one of the few organizations of its kind in the country that combines professional development, top-notch networking and original research to accelerate careers for women – and make a positive impact on the business environment.