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2 local startups win a combined $75K at Alabama Launchpad’s Cycle 2 Virtual Finale

On Thursday, August 26th, eight startups from across the state traveled to Birmingham’s Red Mountain Theatre to pitch their businesses during the Alabama Launchpad Cycle 2 Virtual Finale. The prize? A share of $75K in seed funding! Think your startup has what it takes? Learn more about Alabama Launchpad and click here to apply for Cycle 3! Up to Speed on Alabama Launchpad Alabama Launchpad During the pitch event, judges quiz the founders on their startups. Photo via Nathan Watson for Bham Now Earlier this year, the Economic Development Partnership of Alabama named the seed-stage companies and concept-stage companies participating in Alabama Launchpad’s Cycle 2 Virtual Finale. Those eight companies are: The Wealth Edit Feast B’ham Sandler Scientific XCellent Life Nanoxort ProU Sports The Help Project ETRAK Technologies On Thursday, August 26th, these companies gathered—some in person, and some virtually—at Red Mountain Theatre Company’s new campus for the Alabama Launchpad Virtual Finale. After much deliberation, the panel of judges made their choice—and Alabama Launchpad has two new winners! We met with this cycle’s two winners, The Wealth Edit and ProU Sports, to learn more about the competition. Meet the Winners Pro U Sports — Concept Stage, $25K Alabama Launchpad Thomas Coiner of ProU Sports presents his startup. Photo via Nathan Watson for Bham Now ProU Sports: Website | Twitter | Instagram Looking to stay-up-to-date on your favorite college athlete, even after they’ve moved on to the big leagues? ProU Sports has your back. With their easy-to-use app, available on the Apple and Google Play Stores, you can follow your favorite college athletes as they make their way through the Pros. In addition, ProU Sports sends out regular updates, such as the best players of the week! “[Alabama Launchpad] means everything to us. We aren’t in Silicon Valley or New York, so for Alabama to have this type of opportunity—not only giving you capital but brand awareness—is honestly invaluable. I think one of the greatest aspects of this program are the mentors we are attached to, the Launch Advisors. To be able to have one-on-ones with incredible people in the industry, it’s just phenomenal. It was by far and away my favorite part of this program.” Thomas Coiner, CEO, ProU Sports The Wealth Edit — Seed Stage, $50K Alabama Launchpad Lauren Pearson (left) and Emily Lassiter (right), the two co-founders behind The Wealth Edit. Photo via Nathan Watson for Bham Now The Wealth Edit: Website | Facebook | Instagram Did you know that, when asked about investing, men often ask, “am I going to have enough”, while women ask, “will I be okay”? Determined to make a difference, Lauren Pearson and Emily Lassiter co-founded The Wealth Edit—an intentional community dedicated to, “Helping Women Be Good With Money.” After taking a two-minute quiz, The Wealth Edit places each user with a community of individuals just like them—so they can have a safe place to discuss tricky financial topics in order to make informed decisions. “The advice and guidance that we got from our Launch Advisors has been invaluable. To look at where we were six weeks ago when we started this process to where we are now, these mentors have helped us tremendously. We are so excited to go out into the world and utilize the knowledge we have gained at Alabama Launchpad!” Emily Lassiter, Co-Founder, The Wealth Edit Think Your Startups Has What it Takes? Alabama Launchpad Alabama Launchpad’s Virtual Finale on Thursday, August 26th. Photo via Nathan Watson for Bham Now Want the opportunity to work one-on-one with Alabama Launchpad’s Launch Advisors? Does winning a portion of $75K in seed funding sound like a blast? Be sure to learn more about next cycle of Alabama Launchpad—their next check could have your name on it! “Everyone has passion—these ‘shower thoughts’ of great ideas. But at the end of the day, it’s just an idea. Execution is what you do to make that idea come to life. Applying to Alabama Launchpad is that execution, and I encourage YOU to get it done.” Thomas Coiner, Co-Founder, ProU Sports Interested in applying to the next cycle of Alabama Launchpad? Act fast—the application deadline is Thursday, September 2nd! Click here to sign up for Cycle 3 of Alabama Launchpad!

More About Alabama Launchpad

Established in 2006, Alabama Launchpad is Alabama’s most active, early-stage seed fund investor, driving innovation and job growth through startup competitions and ongoing mentoring for Alabama entrepreneurs. Alabama Launchpad is made possible by the generous support from Innovate Alabama, the Alabama Department of Economic and Community Affairs, the Alabama Department of Commerce, Blue Cross and Blue Shield Caring Foundation, Truist Bank, The University of Alabama, Auburn University, The University of Alabama at Birmingham, the Daniel Corporation Foundation. It is the state’s longest running business plan and pitch competition. Over the past 16 years, Alabama Launchpad has invested over $6 million into 116 Alabama startups. The winning startup companies have generated over 1,300 jobs for the state and have a combined post-money valuation of over $1 billion.

More About Our Partner, Innovate Alabama

Innovate Alabama is Alabama’s first statewide public-private partnership focused on entrepreneurship, technology and innovation with a mission to help innovators grow roots here in Alabama. Innovate Alabama was established to implement the initiatives and recommendations set forth in the Alabama Innovation Commission’s report, including smart policy solutions that will create a more resilient, inclusive and robust economy to remain competitive in a 21st-century world. With founding CEO Cynthia Crutchfield leading the charge, Innovate Alabama is also made up of a board of 11 innovation leaders appointed by Gov. Ivey, collaborating across sectors to advance industries, drive technology and facilitate an environment where innovation and entrepreneurship thrive. Learn more about Innovate Alabama at