Funding and mentorship program for startups comes to Ann Arbor SPARK

Kyyba Xcelerator, Bodman PLC, and TiE Detroit are partnering with Ann Arbor SPARK to bring a program for entrepreneurs called Pitch Club to Ann Arbor on Sept. 27.

 

The mentoring and funding program will be the first of 10 monthly events to be held in cities across Michigan, including Detroit, Grand Rapids, and Lansing. The program's aim is to connect entrepreneurial hubs and SmartZones within Michigan and to provide startups with potential funders and mentors as they grow their businesses.

 

Each event will include a pitch session, as well as unique touches including local keynote speakers and partnerships with local entrepreneurial and economic development organizations, including TechTown and Automation Alley. The keynote speaker at the Ann Arbor Pitch Club will be Don Hicks, founder of Ann Arbor software firm LLamasoft.

 

"We're pulling together amazing people to be judges, to invest, and provide guidance," says Michael Melfi, partner with Bodman and Pitch Club host.

 

Startups who want to present at a Pitch Club event complete an online application form, and those applications are then reviewed by a panel of judges. Those chosen to pitch at the monthly events not only get a chance to earn investments ranging from $25,000 to $100,000, but they also automatically get a $2,000 service provider package with resources for startups, one-on-one coaching with a mentor, and a free pass to the TiECon Detroit entrepreneurial conference.

 

Qualifying companies that receive funding from the TiE Detroit Angels may also have a chance to present to a global program for funding startups, the TiE Global Angel Alliance.

 

Melfi says the panel of judges will be looking for products or services that solve a problem for a large audience. The judges want to see pitches that have mass appeal and that are scalable and profitable.

 

"The way I look at the judging is that we're all optimists, looking for what's possible in the pitches we see," Melfi says. "We're looking for individuals or teams who have the right attitude, skills, and knowledge to succeed as entrepreneurs."

 

Startups interested in pitching at one of these events can apply at the Kyyba Xcelerator website.

 

Sarah Rigg is a freelance writer and editor in Ypsilanti Township. You may reach her at sarahrigg1@gmail.com.

 

Photo courtesy of Michael Melfi.

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