Alabama Launchpad is a program of the Economic Development Partnership of Alabama Foundation. The EDPA Foundation partners with six research universities in Alabama to promote and reward high-growth, innovative startups from across the state. The program is for new, innovative ventures in the seed or early-growth stages and for existing businesses moving into a new high-growth market. Participants have unique opportunities to access sound business advice and to critical startup and development capital. Alabama Launchpad gives early-stage startups momentum to take an idea from concept to reality. University partners include:
- Alabama State University
- Auburn University
- The University of Alabama
- University of Alabama at Birmingham
- University of Alabama in Huntsville
- University of South Alabama
Through a proof of concept competition, a seed stage competition, and a technology database, Alabama Launchpad provides a framework for individuals in the state to locate innovations, develop their business ideas, and connect to a network of experts, investors, and service providers that can increase the odds of success. Alabama Launchpad provides unique opportunities to obtain startup capital, receive expert guidance, and establish working relationships within the business, academic, and investment capital communities.
Goals
Through Alabama Launchpad, the EDPA Foundation works collaboratively with many organizations to foster economic development and entrepreneurial growth. The goals of Alabama Launchpad are:
Provide proof of concept grants and seed capital to advance early stage technologies.
Spotlight early-stage business ideas and companies that have considerable market potential.
Provide a vetting mechanism that helps local investors evaluate the market potential of early stage technologies and companies.
Connect new entrepreneurs with a network of key individuals and leaders across the state that can help them succeed.
Build a pipeline of early stage companies that will be become tomorrow's leading firms.
Increase collaboration among the participating universities.
Contact Us: |
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Vice President: Mentors: Communications/Events: |
Teams: Alabama Technologies Database:
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