DETROIT -- Michigan's first "Shark Tank" style competition is now taking applications from startups with innovative transportation solutions.
The winner of the inaugural "PitchMI" competition, which will be held Oct. 24 in Detroit, will receive $100,000 from the state to develop or improve their prototype solution.
"PitchMI will unleash Michigan's innovative spirit, strengthen our entrepreneurial ecosystem, create good paying jobs, and spur new ideas on the future of mobility," said Gov. Gretchen Whitmer. "I can't wait to see all the creative ideas and look forward to the competition in October."
Whitmer likened the competition to Shark Tank, a long-running reality TV show where entrepreneurs present their product or business to venture capitalists for potential investment.
Applications for the PitchMI competition are due by 11:59 p.m. Sept. 16. People can submit their applications at this link , which also contains information on eligibility and competition requirements.
Eligible pitches will focus on addressing mobility and transportation challenges in the state, focusing on improving safety, affordability and efficiency in how Michiganders travel from point A to point B.
Some examples, according to the Michigan Economic Development Corporation (MEDC), include innovations in public transit, personal vehicles, ride-sharing, cycling, walking, ground/maritime/air mobility and emerging technologies.
"This competition offers our entrepreneurs a stage to share their ideas with the world and demonstrate yet again that Michigan is at the cutting edge of innovation," said Hilary Doe, chief growth officer at the MEDC. "Investing in entrepreneurs and innovators will help our state become a magnet for both businesses and talent, working together to drive population growth.
"Supporting entrepreneurs in starting and scaling their businesses will also create a more prosperous place to live for all Michiganders."
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