DETROIT, MICHIGAN - March 21, 2015 (www.investorideas.com newswire) Nine talented young entrepreneurial organizations competed at NextEnergy on Thursday, March 10, 2016, for the opportunity to be a Finalist at the 8th Annual SAE International/MI Innovation Alliance Global Automotive & Mobility Innovation Competition (GAMIC) Finals, with prizes of $50,000 in cash and in kind services in four categories. The Finals will take place on Tuesday, April 12, during SAE 2016 World Congress at the Cobo Center in Detroit where more than 10,000 people are expected to attend.
The Semi-Finals were held in Detroit at a NextEnergy gathering where entrepreneurs, service providers, automotive industry executives and investors met , discussed, and took action on growing new businesses. The Semi Finals were sponsored by Sterne Kessler Goldstein Fox, ESG Automotive, and Automation Alley to support improving speed of successful innovation commercialization.
Previous year's winners, EmiSense (now CoreTech) and Covaron, shared stories of the great support provided by GAMIC mentors who helped them reach key commercial milestone achievements, including raising growth financing and obtaining customer agreements.
The 2016 competition finalists and innovations include:
FINALISTS CHOSEN IN SAE INTERNATIONAL, NEXTENERGY AND MI INNOVATION ALLIANCE GLOBAL AUTOMOTIVE & MOBILITY COMPETITION
Algocian Inc. Automotive grade pedestrian detection with dramatically reduced bandwidth costs at virtually 100% accuracy. www.algocian.com
Brakers Early Warning Systems, Inc. Software enables first responder agencies to broadcast an audible alert to nearby motorists inside their vehicle via mobile phone app. www.misyren.com
Civionics, Inc. Comprehensive wireless monitoring solution that reliably tracks the performance and health of advanced engineered systems operating in demanding environments. www.civionics.com
IndustryStar LLC Patent pending supply chain software as a service platform expedites, optimizes and derisks your supply chain. www.industrystarsolutions.com
Jolt Energy Storage Technologies LLC Chemistry for improved safety, lower cost, and improved performance of lithium ion batteries without the need for additional investment by the battery cell manufacturers. www.joltOenergy.com
Kasi Technologies AB – New Enhanced Supercharger System integrate four highly desirable functionalities sought by OEMs in order to achieve downsizing, CO2 and NOx reduction without sacrificing end customer drivability and vehicle performance targets. www.kasiOtech.com
SPLT Enterprise First ride-sharing platform that connects employees within organizations to share their commute. www.spltrides.com
SurClean Disruptive laser technology that selectively removes paint and other surface coatings from many surfaces, like aircraft, ships, bridges and other major assets. www.surclean.com
XIR Technologies Designs and builds multi-spectral image analysis applications – XORay, Visible Light, and Thermal Imaging Integration Technology – for manufacturing, food processing, medical and other applications. www.xirtech.co
Prominent leaders from the automotive industry, representing both OEMs and Tier 1 suppliers, will serve as judges for the Finals at 2:00 p.m. on Tuesday, April 12, at the Cobo Center during the SAE 2016 World Congress in Detroit, Michigan USA. The four winners will present on Thursday, April 14, at 4:15 p.m. at the event Tech Hub.
About MI Innovation Alliance www.miinnovationalliance.org
Meetings of the MI Innovation Alliance (MIIA) are open to anyone interested in fostering the growth of innovation and collaboration in Michigan, the Great Lakes region and globally. Our goal is to help teams and communities apply innovation and advancements in science and technology – as well as best practices collaborations in business, academia and government –with commercial expert connections to address some of the region's and world's biggest challenges. MI Innovation Alliance is a non-profit affiliated with the MIT Alumni Club, working with over 40 collaborating organizations that deliver meaningful Michigan Collaborations, with Global Impact.
Dennis Nash, MI Innovation Alliance, (248)432-0175, firstname.lastname@example.org
Finalists eligible to win $200,000 support for creative solutions to support the automotive industry
About SAE International https://www.sae.org/
SAE International is a global association committed to being the ultimate knowledge source for the engineering profession. By uniting more than 137,000 engineers and technical experts, we drive knowledge and expertise across a broad spectrum of industries. We act on two priorities: encouraging a lifetime of learning for mobility engineering professionals and setting the standards for industry engineering. We strive for a better world through the work of our philanthropic SAE Foundation, including programs like A World in Motion® and the Collegiate Design SeriesTM.
About NextEnergy www.nextenergy.org
Founded in 2002 as a 501(c)(3) nonprofit organization, NextEnergy is one of the nation's leading accelerators of advanced energy technologies, businesses and industries. NextEnergy drives technology demonstration and commercialization; delivers industry and venture development services; and provides an authoritative voice in the public sector. Since its inception, NextEnergy has helped attract more than $1.4 billion of new investment in the state of Michigan, including programs in excess of $160 million in which NextEnergy has directly participated.
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