August 23, 2005

Great Lakes Entrepreneur\'s Quest called off

After five years and more than $600,000 in cash awards doled out to Michigan startup businesses, the Great Lakes Entrepreneur\'s Quest is ending its quest for the foreseeable future. Meanwhile, Pfizer Inc. is sponsoring a competition that could open the door for new contracts with Michigan biotechnology and pharmaceutical businesses. Based in Ann Arbor , GLEQ won\'t take place this fall after its top sponsors pulled their support for the twice-annual competition. Those backers included the Michigan Economic Development Corp., Michigan State University , Wayne State University and the University of Michigan Zell-Lurie Institute for Entrepreneurial Studies. Together, the sponsors accounted for about 80 percent of GLEQ\'s $250,000 annual budget.

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