How to Apply Webinar

How to Apply Webinar
2014 – Cycle A
• Statewide Focus
• Key Metric: Job Creation
• Integral Part of
Accelerate Alabama
Strategic Plan
Partners
Business
Alabama Research Alliance
The Hugh Kaul Foundation
EDPA Foundation
Innovation Depot
Alabama Power Company
PowerSouth
Wells Fargo
Ballard Spahr
The J.L. Bedsole Foundation
The Caring Foundation - BlueCross/BlueShield of Alabama
City of Auburn
Community Foundation of Greater Birmingham
Daniel Foundation of Alabama
Alagasco
University
Alabama State University
University of Alabama in Huntsville
Auburn University
University of South Alabama
Alabama A&M University
University of Alabama & Office of Technology Transfer
University of Alabama at Birmingham
September 25-26, 2014
Made in Alabama @MadeinAL
At @Alalaunchpad today, @GovernorBentley stressed the
importance of entrepreneurs & innovators for creating jobs
SBIR/STTR Program
The purpose of the Alabama SBIR/STTR Support Program is to increase the
success rate and competitiveness of SBIR/STTR applicants in the state.
Agency
Specific
Proposal
Strategy
Workshops
Alabama Based Companies Only
Writing
Assistance
APPLYING
COMPETING
JUDGING
WINNING
Cycle A Schedule
Event
Deadline
Application Deadline: June 1
First Pitch Presentation: July 18
Judges meeting: June 17
Revised Business Plan Due: July 27
Cycle A Competitors Announced: June 19
Assessments Return: August 19
Kick Off Meeting: June 24
Final Business Plan Due: Sept 7
Demo Day: Sept 25
Business Plans Due: June 29
Applying
Application
Business Model Canvas*
3 Minute Video
Proof of Concept Budget*
Slide Deck
* Template available on website and ReviewRoom
3 Minute Pitch Video
Business Model
Canvas
Pitch Deck
Proof of Concept
Budget
APPLICATION PROCESS
$300,000 in cash
Applying
Application & Terms
Business Model Canvas
3 Minute Video
Proof of Concept Budget
Slide Deck
FluidReview
Template
Elevator Pitch
Template (Excel & PDF)
10 slides max
Tip – Use all the materials submitted to get in as much detail as possible
Competing
Pitch Presentations
Business Plan*
Commercial Assessment
* Template available on website and ReviewRoom
Pitch
Presentations
10 minutes
Competiting
Entrepreneurs
C-Suite Execs
Angel/Investment
Community
Written and Verbal
Feedback
JUDGING PROCESS
5 PERSON PANEL
Judging
Serial
Entrepreneurs
Investment/Angel
Community
Corporate
Stakeholders
Decision Steps
Application Phase
Pitch Events
Winning
Post Competition
Requirements
Reimbursement
Format
$37,000
Funded Milestones:
App Engineering
Where Are They Now?
Moved into Innovation Depot – Jan 2014
Launched App in November 2013
$30,000
Funded Milestones:
Production Ramp Up
Marketing Preparation
Where Are They Now?
Moved into Innovation Depot – Oct 2013
Launching into Whole Foods in 1st Quarter 2014
Competition Summary - 2013
Exscien
Applied
Pitch
22 teams
12 teams
Finale
5 teams
$54,000
Nutripilot
CNTES
$38,000
$8,000
Round 1
Applied
Round 2
Awards
27 teams
Pitch
10 teams
Finale
Alabama Chai
5 teams
$30,000
Heartlife
$25,000
e‐Electricity
BLOX
$33,500
$50,000
Awards
Rules/Eligibility
The program is for new, independent ventures in the pre-seed, seed, startup or early-growth stages, or for the
expansion of an existing business into a new high-growth market. Our goal is to promote and reward high-growth,
innovative start-ups.
Generally excluded are the following: buy-outs, real estate syndications,
tax shelters, franchises, licensing agreements, and spin-outs from existing
corporations.
Equity Investment and Revenue Requirements:
Any external funding received by the startup team must be identified and
reported in the program application. Ventures that have raised equity
capital totaling $1 million or more from sources other than team members
or their friends and families, or that have realized more than $3 million in
sales in the 12 months immediately preceding the competition are not
eligible. Federal grant awards, including funding from SBIR/STTR programs,
are excluded from this restriction.
http://alabamalaunchpad.com/startup-competition/rules-eligibility/
For more information
Greg Sheek
Austen Parrish
Director, Launchpad Programs
Grants Analyst
205-943-4724
205-943-4727
gsheek@edpa.org
aparrish@edpa.org
Addie Mancuso
Grants Analyst
205-943-4723
amancuso@edpa.org
www.alabamalaunchpad.com