Startup Competition

Alabama Launchpad promotes and rewards high-growth, innovative start-ups from across Alabama. 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 start-up capital. Alabama Launchpad gives early-stage start-ups momentum to take an idea from concept to reality.

The proof of commercial relevance competition is for start-ups that need additional proof-of-concept work. Start-ups will compete for multiple proof-of-concept grants from $20,000 to $25,000 each. In total, up to $100,000 in cash awards are available for participants.

2014 Competition Cycle

infographicCycle A – Opens May 1

Click here to our pitch event Flickr photos

Application Phase

Using ReviewRoom teams must complete/submit the following items: Application, Business Model Canvas, 3 Minute Pitch Video, Proof of Concept Budget Proposal, Slide Deck (10 slide max). To download the required file templates, please visit the Application Page

After the application period has closed, a judging panel comprised of five individuals representing the investment/angel community, entrepreneurs, and corporate stakeholders will review the application and supplemental materials. The panel may solicit additional information prior to choosing the 2014 participants. A max of 25 start-ups will be chosen.

Each team accepted into the competition will be provided a mentor to be a resource throughout the competition.

Pitch Phase 

Using the business plan template provided on the Application Page teams will submit through ReviewRoom a business plan and pitch presentation. Each team will present their pitch at a judged live event.

Market Phase

Teams that advance following the pitch presentation will submit a revised business plan for a market assessment by a third party (vendor to announced). Start-ups with a favorable market assessment will then be invited to present for the finale round.

 Finale Phase

Teams invited to participate in the finale event will submit a final version of their business plan and pitch presentation using ReviewRoom. Finalists will present their final pitch at our finale event where winners will be announced.

Important Details

Interested teams must submit an application and $150 non-refundable application fee. To begin an application, please visit the Application Page.

Check out our Competition Flyer

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For more information regarding the Start-Up Competition process, please contact:

 

Greg Sheek
205.943.4724
gsheek@edpa.org