DETROIT – VerteCore, a startup that has developed affordable, mobile decompression for instant spine relief, won Tuesday night the $500,000 grand prize at the Accelerate Michigan Innovation Competition, while GreenMark Biomedical Inc. and Shoptelligence took second and third prizes, respectively.
GreenMark BioMedical is a biodelivers health solutions precisely where they are needed in the human body. Shoptelligence helps retailers provide personalized service that increases basket size and revenue. GreenMark won $100,000 and Shoptelligence $50,000.
Accelerate Michigan is a program of Invest Detroit’s ID Ventures, and its top sponsors are Ann Arbor SPARK, along with Invest Michigan, Belle Michigan, William Davidson Foundation, and Michigan Economic Development Corporation. A total of $1 million in cash and in-kind prizes were awarded to eight innovative startups selected from 24 semi-finalists. Nearly 400 top investors, entrepreneurs and community leaders attended the event at the Lexus Velodrome.