On March 20, 2001, at 1730 eastern standard time, a Cessna 172K, N79301, was substantially damaged during takeoff roll from a touch and go on runway 8 (5,000 feet by 100 feet, asphalt, dry) at Tulip City Airport (BIV), Holland, Michigan, when the airplane veered off the runway when full throttle was applied. The airplane veered off the runway and struck two runway lights after the first landing of a touch and go. The private pilot was not injured. The 14 CFR Part 91 pleasure flight had departed BIV at 1615 on a local flight. Visual meteorological conditions prevailed and no flight plan was filed. The pilot reported, "I lost control of the plane while still on the runway. First, the plane went to the right and then to the left. Power was pulled off and the plane went off the runway into the soft ground and mud next to the runway. I tried steering to the right, but the airplane started sliding sideways. When the plane straightened out it hit a taxiway marking light. The plane then went across the taxiway hitting a marking light on the other side of the runway. While braking on the soft ground, the airplane went up on its nose and right wing. The plane came to a stop and righted itself back down on its landing gear." The pilot reported the wind direction was 110 degrees at 8 knots at the time of the accident.