Alabama Launchpad Class of 2011-2012
Arch Data Intelligence (Internet & Web Services) - UAHuntsville
Blondin Biosciences (Biotechnology) - University of Alabama-Birmingham
Carbon Nanotube Engineered Services (Nanotechnology) - Auburn University
Endomimetics (Biotechnology) - University of Alabama-Birmingham
Grace Innovative Technologies (Medical Devices & Equipment) - University of South Alabama
inDegree (Business Services & Products) - University of Alabama-Birmingham
Microgreen Technologies (Biotechnology) - The University of Alabama
MilliTherm Technologies (Medical Devices & Equipment) - University of South Alabama
Nanogn (Biotechnology) - The University of Alabama
Oblique BIO, Inc. (Biotechnology) - UAHuntsville
Proteomic Profiling Technologies (Biotechnology) - University of Alabama-Birmingham
RaptorX (Electronics & Instrumentation) - UAHuntsville
Regenerative Solutions (Biotechnology) - University of Alabama-Birmingham
Snip-IT (Education) - University of Alabama-Birmingham
New Competition Process for 2011-2012
Alabama Launchpad promotes and rewards high-growth, innovative startups from Alabama’s research universities. The program is for new, innovative ventures in the seed or early-growth stages, or for existing businesses moving into a new high-growth market. Participants have unique opportunities to access sound business advice and critical startup capital. Alabama Launchpad gives early-stage startups momentum to take an idea from concept to reality.
Interested teams must submit an application and
$150 non-refundable application fee. Applications are accepted from September 6th through October 10th. To download the application, please visit the Application Page.
After the application period has closed, an
admissions committee composed of university technology transfer officials, investors and entrepreneurs from across Alabama will review and advance those startups that most closely
align with the goals of the program. The committee will admit a class of approximately
20-25 startups by October 18th. The class members will then submit by November 14th, business plans using a standard template for an in-depth review. To preview the business plan template, please visit the
Application Page.
Alabama Launchpad has partnered with Frost & Sullivan, a globally recognized Growth Partnership Company to provide rapid Business Opportunity reports for 2011-2012 class participants - a value of approximately $10,000 each. Based on scores from the admissions committee and Frost & Sullivan Business Opportunity assessments the class will be divided into two tracks (Seed Ready and Pre-seed). Leading up to the finale event in April 2012 participants will receive intensive mentoring assistance.
Two Competition Tracks: Seed-Ready and Pre-seed
Startup teams will be split into two separate tracks:
- Seed Ready. This track is for companies that are most-ready to move forward and execute their business plan. This group will compete for up to $100,000 in seed capital.
- Requirements for a winning team to receive prize money are as follows:
A. Company must be incorporated.
B. Company must have a dedicated management team in place.
C. Company must have an agreement in place to use any necessary intellectual property.
- Pre-seed. This track is for startups that need additional proof-of-concept work. These teams will compete for multiple proof-of-concept grants from $20,000 to $25,000 each.
In total, up to $200,000 in cash awards are available for participants and over $200,000 in market assessments.
For more information regarding the Business Plan Competition process, please contact:
Teams:
Aaron Sullivan
205.943.4727
asullivan@edpa.org
