HOUGHTON, Michigan (November 2, 2011) – Michigan Technological University students Travis Beaulieu and Joel Florek are semi-finalists in the Accelerate Michigan Innovation Competition. Beaulieu and Florek will compete in Ypsilanti, Michigan, beginning November 16 for the $25,000 grand prize. The team will present with their business idea, AsfalisMed.
Accelerate Michigan Innovation Competition is a business plan competition for companies and students designed to highlight Michigan as a great state for innovation-based business growth. The pair will create a three-minute video for their business plan to be sent before November 7 and judged in advance. Starting on November 16, the final round of competition will involve an eight-minute PowerPoint presentation.
Jim Baker, Executive Director of Innovation and Industry Engagement at Michigan Tech, states, “In addition to the prospect for winning prize money, participating in competitions such as Accelerate Michigan Innovation provides valuable networking and mentoring opportunities to early stage companies. Even the companies that don’t win will be much more likely to succeed as a result of the experience and exposure they receive through participating.”
AsfalisMed uses encrypted Quick Response (QR) codes strategically placed on ID cards, to instantly allow medical personnel and first responders access to someone’s pertinent medical information. The technology requires a smartphone and mobile application. The team is utilizing resources and support from MTEC SmartZone’s Entrepreneur Support Center (ESC) to develop their company.
Beaulieu is also an employee of ESC, serving as technology assistant. “I decided to enter the competition after viewing an Accelerate Michigan Innovation Competition information flier shared by Jim Baker. He forwards many announcements for entrepreneurial competitions; they seem to be one of the best ways to get students to step out of their comfort zone and jump into the idea of creating their own start-up.”
The team is also networking with fellow ESC student-company Clever Cloud Computing, for assistance creating the software necessary for their mobile app.
Beaulieu is an applied physics major with a concentration in entrepreneurship and a minor in mathematics. Florek is a first-year engineering major and a member of the Pavlis Institute for Global Leadership.
A single team representing Michigan Tech will compete in the Accelerate Michigan Innovation Competition on November 16.
For more information about Entrepreneur Support Center, please visit: www.escenter.biz
For more information about Accelerate Michigan Innovation Competition, please visit: www.acceleratemichigan.org