2019 InnoSTARS Detroit Recap

Detroit Preliminary Winners

First Place

 Inmatech is commercializing innovative materials and supercapacitors for superior power management. Inmatech’s customers include automotive OEMs, Tier 1 suppliers that provide automotive and propulsion systems, and advanced battery and cell makers.

Second Place

Avidhrt Sense is a patent protected handheld monitor detects AFib driven by AI through the use of the high fidelity ECG, Blood oxygen and temperature analysis. The Avidhrt Sense device is an effective, safe, outpatient alternative, that significantly decreases the cost of outpatient monitoring, saves lives, and increases patient compliance.

Third Place

Seoul Robotics advanced imaging software can be integrated into computer chips and related LIDAR hardware components and modules to provide high performance and low cost solution for autonomous vehicles and smart city applications. Ideal for collaborating with OEM’s, Tier 1 LIDAR companies and VC’s.

In conjunction with the IoT (Internet of Things) Tech Connect Conference, focused on Michigan-based IoT, AI, Tech, 4.0 companies which was kicked off by a keynote address given by Laurence Burns, consultant to WAYMO and luncheon Michigan Tech Policy keynote  Lt. Governor Garlin Gilchrist II, The Detroit Chinese Business Association (DCBA) helped Detroit become one of eight U.S. cities to host a preliminary round of the InnoSTARS China Business Pitch competition.

In its third year, InnoSTARS has connected U.S. companies specializing in the automotive, energy, information, communication and environmental technology, and advanced manufacturing industries with prospective partners in China.

The first-time InnoSTARs Detroit event, produced by the DCBA; held on April 29 at the Michigan Science Center, provided a number of Michigan based companies the opportunity to pitch their business plans  to highly esteemed judges. Competing companies were given the opportunity to deliver a 10-minute presentation, including a Q&A session to demonstrate their capabilities to work with Chinese customers and investors as well as cooperate in American and Chinese joint ventures.

A panel of seven judges, a mix of experienced Chinese and American entrepreneurial professionals focused on U.S.-China business partnerships, graded the pitch companies deemed to be the most “China Ready” to advance to the U.S.-China Innovation and Investment Summit to be held in Houston, Texas, on May 16 and 17, 2019.

Successful participants in the Houston competition will win an all-expenses paid trip to compete in the InnoSTARs Industry Finals and the Grand Final in China.

In addition to competitions, InnoSTARs provides B2B matchmaking services and “China Ready” coaching. ”Just having an innovative technology or presentation in Chinese is not enough.” said John Robinson, InnoSTARs strategic partner and multi-city judge. “Successful U.S. technology company entrants clearly demonstrate to judges that upon landing in China they have a good sense of the competitive environment and how to succeed in their market segment. It’s not about your technology, it’s about how your technology will succeed in the China market.”

The Detroit Chinese Business Association seeks to build collaborations and bridges between the start-up angel and venture capital ecosystems in Michigan, The Great Lakes States and China and will be participating in future InnSTARS events in the future.