About 400 people are expected to attend the event at the Ann Arbor Marriott Ypsilanti at Eagle Crest in Ypsilanti, about one-third of them venture capital and angel investors from across the U.S. to hear from early-stage or growth-stage health care, medical device, pharmaceutical, information technology, mobile app and clean-tech companies.
In addition, this year the symposium has added a university pitch session, with four schools — theUniversity of Michigan, the University of Minnesota, Michigan State University and theUniversity of Illinois at Urbana-Champaign — showcasing companies and technologies emerging from their research.
The symposium will kick off with a keynote address from Ed Torres, a veteran pharmaceutical executive, venture capitalist and current managing director of Lilly Ventures Management Co. LLC, the Indianapolis-based VC arm of Eli Lilly and Co.
Many of the presenting companies have been profiled in Crain’s, including:
• SkySpecs LLC, an Ann Arbor company that makes small drone aircraft (like the one above) to inspect bridges, transmission lines, wind turbines and pipelines.
• Delphinus Medical Technologies Inc., a Plymouth-based spinoff from the Karmanos Cancer Institutethat makes a medical device to do ultrasonic breast-cancer detection.
• UpTo Inc., Detroit-based developer of a mobile calendar app funded by Detroit Venture Partners.
• HistoSonics Inc., an Ann Arbor company whose device uses ultrasound to noninvasively shrink prostates and destroy cancer tumors.
• MitoStem Inc., a TechTown tenant that is developing processes for turning a patient’s own adult cells into stem cells to help fight off disease. In 2012, the company won the $100,000 first-place prize in the Great Lakes Entrepreneur’s Quest business plan competition.
This year, the GLEQ’s annual business plan competition will be co-located with the growth capital symposium, with brief pitches being made by 20 companies Tuesday morning, before the noon keynote address by Torres.
The GLEQ has $75,000 in prizes in a variety of categories, including best new idea, best emerging company and best business plans in green chemistry, advanced manufacturing and energy.
There will also be panels on a variety of topics at the symposium, including venture capital investment trends in the Midwest, the return of the health care IPO, innovations in health care IT and putting big data to work in Michigan.
The symposium was created by David Brophy, now the director of the Center for Venture Capital and Private Equity Finance at UM’s Ross School of Business.
Over the years, more than 800 presenting companies have raised more than $1.3 billion in growth capital.
For more information, go to www.michigangcs.com Tom Henderson: (313) 446-0337, firstname.lastname@example.org. Twitter: @tomhenderson2