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Two companies win Alabama Launchpad Montgomery pitch contest

Finale winners with their prize check Two companies took home a combined $150,000 Thursday in the finale pitch competition for Alabama Launchpad in Montgomery. Huntsville-based Acclinate Genetics won $50,000 in the concept stage, while Birmingham’s CerFlux took the $100,000 seed stage prize. Both companies gave their pitch before a four-judge panel. To read more of the story go to https://www.al.com/business/2020/02/two-companies-win-alabama-launchpad-montgomery-pitch-contest.html

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 www.innovatealabama.org.

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