2017 Alumni Competition – up to $150,000 in cash awards
Grand Prize $ 50,000
Up to five (5) $20,000 awards
Winners announced at LEAP Mixer on May 17, 2017. See bottom of page for more event details
Click here to apply for Alumni Competition – Deadline to apply is April 24
- Must be a previous Alabama Launchpad startup competition competitor or a Alabama Launchpad SBIR Phase 0 award winner. If your company competed in any stage of the startup competition, you are eligible. Startup competition alumni do not have to have been previously funded by Alabama Launchpad.
- Must have raised no more than $2 million in equity funding since participation in the startup competition.
- Must have a product or service available for purchase. Exception: Life Science Companies that do not yet have a product on the market may apply if able to demonstrate progress on regulatory approval milestones, or other appropriate metrics.
- Must be generating revenue. Exception: Life Science companies can demonstrate other sources of revenue beyond product sales.
- Company operations must be based in Alabama.
- Submit a 3-minute elevator pitch video (see pitch video criteria below for details)
- Complete brief online application (via YouNoodle platform)
- Pay $100 application fee (use PayPal button below and see application for further instructions)
Application Evaluation and Pitch Presentations
- Applicants must demonstrate significant business growth
- Describe the impact the prize funds will have in scaling the business including but not limited to job creation, additional sales, other expansion
- Accepted finalists will be selected to present a pitch and answer questions before the judges during a pitch session to be held May 17 at EDPA’s office in Birmingham.
Pitch Video Criteria
- Explain why your company should be selected as the winner
- Explain what your company has accomplished since participating in Launchpad
- Describe your product/service
- Describe the market you are pursuing
- Describe your market size
- Must feature entrepreneur speaking
- Must be no longer than 3 minutes
Winner Selection Factors
- Size of approachable market
- Quality of management team
- Potential impact of awarded funds
- Revenue growth or capital raised history
Announcement of Winners
- LEAP Mixer – 5:30-7:00 pm
- Wednesday, May 17 at EDPA (1320 1st Avenue South, Birmingham, Alabama 35233)
- Beer and bites