The Economic Development Partnership of Alabama has picked seven finalists for its Alabama Launchpad program for 2020.
The final competition will take place Nov. 19 and will feature two stages of competition: concept stage, usually pre-revenue; and seed stage, usually existing businesses looking to accelerate growth.
Four finalists will compete for $50,000 in the concept stage competition:
- Lucid Living Solutions, a digital solution for families managing substance use disorder that provides randomized monitoring and secure results sharing.
- Fido Technologies, a Mobile-based company whose mobile app matches users to dogs that perfectly fits into their lifestyles.
- Marine Co Systems, whose patented technology applies proprietary algorithms and machine learning to prevent shock drowning.
- Strategypoint, a B2B SaaS company offering a simpler way to strategize and achieve their vision in challenging market conditions.
These companies in the early seed stage will compete for $100,000:
- Boulo Solutions, a career mobility platform for professional women to connect with talent-seeking companies offering flexible jobs.
- Conserv, whose use of hardware and software allows museums and archives to preserve their collections.
- Domestique, a Birmingham-based coffee supplier venturing into self-sustaining, EV charging rest-stop cafes.
The finalists will compete Nov. 19, beginning at 4:30 p.m. They will pitch their companies to a panel of judges from across Alabama. The competition will be streamed at alabamalaunchpad.com and on Facebook Live.
“Even while continuing to work through the pandemic that has far-reaching impacts across the world, it’s encouraging to see entrepreneurs continue to develop and grow here in Alabama,” says EDPA President Greg Barker. “The competitors participating in this cycle of Alabama Launchpad are great examples of the continued potential that Alabama has in the innovation and entrepreneurship ecosystem.”
Since 2006, Alabama Launchpad has funded 98 startups, including $5 million in funding.
