Alabama Launchpad Announces Finalists for Cycle 2 2023 Competition with $50,000 Prize on the Line
Alabama Launchpad, in partnership with Innovate Alabama, has revealed the 11 finalists for its Cycle 2 2023 competition. As the state’s most active early seed funding source, Alabama Launchpad aims to support startups and foster innovation in Alabama. The program provides critical funding and mentorship to both concept stage companies and early seed stage businesses.
The finalists, hand-picked by Alabama Launchpad, will have the opportunity to showcase their ventures at the upcoming finale on August 17 in Auburn. The event, open to the public, will feature a lineup of esteemed business leaders and experts who will offer valuable mentorship to the participants.
Miller Girvin, the Executive Vice President of Innovation & Talent at the Economic Development Partnership of Alabama, expressed enthusiasm regarding the support extended to the Cycle 2 2023 finalists. Girvin acknowledged the significant role Alabama Launchpad plays in building a sustainable pipeline of innovation and job creation throughout the state, potentially transforming its economic landscape.
The competition comprises two categories of businesses: concept stage companies and early seed stage ventures. Concept stage companies, which are typically pre-revenue, will compete for a chance to secure $25,000. On the other hand, early seed stage businesses, seeking additional funding to expedite their development, will vie for the opportunity to win $50,000.
Alabama Launchpad’s partnership with Innovate Alabama has made this program possible, representing a collaborative effort to support and encourage entrepreneurial endeavors in the state. By combining funding, mentorship, and expert guidance, Alabama Launchpad and Innovate Alabama are fostering an ecosystem that nurtures innovation and drives job creation.
The Cycle 2 2023 competition marks an exciting milestone for Alabama Launchpad, as it continues its mission to empower aspiring entrepreneurs and establish Alabama as a hub for innovation and economic growth. With the support of dedicated mentors and a substantial cash prize at stake, the finalists have an exceptional opportunity to propel their ventures to new heights.
These final 11 participants represent the forefront of Alabama’s entrepreneurial spirit, and come August 17, they will gather to showcase their innovations, network with industry peers, and gain invaluable insights from seasoned professionals. As Alabama Launchpad propels these startups forward, their success has the potential to spur economic development and create a lasting impact on the state’s business landscape.
Alabama Launchpad’s commitment to supporting early-stage startups, coupled with Innovate Alabama’s vision, sets the stage for the growth of innovative ideas and the transformation of Alabama into a thriving center of entrepreneurship. The competition represents a significant investment in the future of the state, as it lays the foundation for continued success, job creation, and technological advancements.
Stay tuned as the Cycle 2 2023 competition unfolds, promising an exhilarating finale that showcases Alabama’s entrepreneurial talent and celebrates the spirit of innovation.
