1. Grand Prize, All categories (except Emerging Student-Led Venture): $101,000

2. Category Prizes:

• First Place: $20,000

• Runner-Up: $5,000

3. Mentorship and Networking Opportunities

• Winners will have the opportunity to receive mentorship from experienced entrepreneurs and professionals in Michigan’s business community

4. Legal and Financial Guidance

• Winners will be encouraged to seek legal and financial advice to ensure proper allocation and utilization of the prize money.

5. Publicity and Exposure:

• The winners will be featured in local media and business publications to gain exposure and potentially attract investors and customers.