Two Birmingham-based startup businesses won a combined $150,000 in seed funding in front of a large audience at the Alabama Launchpad pitch finale held as part of imerge2019 in Birmingham on August 28. Check out what $100,000-winner Immediate and $50,000-winner Conserv have in store for us. Find out what happened at imerge2019.
Alabama Launchpad Finale
A large audience gathered at Iron City Birmingham on August 28 to be inspired at imerge2019. Billed with the tagline “Alabama’s Next First” the event kicked off with 2019’s third cycle of Alabama Launchpad.
Alabama Launchpad is a program of the Economic Development Partnership of Alabama (EDPA) which offers a platform to drive innovation and present an opportunity to compete for early stage non-dilutive seed funding.
What is non-dilutive funding, you ask? It’s an ideal setup for an entrepreneur just getting started, because it means the funding does not require the winners to give up any ownership of the company.
Immediate – Seed Track $100,000 winner
The app integrates with employers’ HR software to receive real time updates of hours worked and wages earned. Users pay a small fee (similar to an ATM charge) to conveniently access their wages early.
Matt Pierce, Founder and CEO of Immediate said,
So how do they plan on using the funding?
Pierce told Bham Now that the funding will be “an opportunity for us to accelerate and start investing in job creation here in Birmingham. People see so much value in the ImmediatePay platform and the jobs we will create will further our reach.”
On the value of entering Alabama Launchpad, Pierce commented that “feedback from the judges has helped us in so many ways. Major employers have already contacted us with an interest in ImmediatePay following the coverage we’ve received being involved with the EDPA Alabama Launchpad competition.”
To find out more about Immediate, visit www.immediate-solutions.com.
Conserv – Concept Track $50,000 winner
Conserv delivered their $50,000 winning Alabama Launchpad Concept Track pitch with an overview of their Smart Conservation sensors and Conservation Studio software that empower conservation professionals everywhere to do more to prevent damage to art and cultural collections around the world, to preserve these collections for generations.
On winning, Austin Senseman, CEO of Conserv said,
Senseman explained that “Conserv has raised $150,000 to date.The additional $50,000 from Alabama Launchpad makes a meaningful difference in our ability to grow and to create two new jobs this year.”
“I’d recommend that any startup in Alabama go through the process of applying to Alabama Launchpad. The EDPA fields a great team of judges who give excellent feedback that you can use positively, win or lose.” said Senseman.
To find out more about Conserv, visit www.conserv.io.
The event explored how Alabama innovators are building its future at Alabama Launchpad and honored those who led the way to landing on the moon 50 years ago.
Dr. Wernher Von Braun, chief architect of the Saturn V rocket that propelled Apollo 11 to the moon was honored with a Lifetime Achievement in Innovation award.
Lifetime Achievements in Innovation were also presented to Dr. Joyce Neighbors; the first woman to join von Braun’s team in a technical role, as well as Dorothy Vaughan, Dr. Katherine Johnson, and Mary Jackson who have been called integral “Hidden Figures” in the historic moon landing.
Attendees were able to see, hear and feel the historic mission to the moon with the Director’s Cut of Todd Douglas Miller’s Apollo 11 Documentary, on 4K screens in surround sound.
This was accompanied by an enthused Q&A session with Apollo 11 documentarians Robert Pearlman and Stephen Slater.
Keynote speaker Lieutenant General Steven L. Kwast explained how Alabama can again be at the forefront of the next space race.
“We are living in an age that most people do not yet recognize, but it’s starting to emerge. For the first time, humanity can turn to the heavens where there are infinite resources to deliver energy, information, transportation, and goods and services at a price point that has never been seen before,” said LTG Kwast.
LTG Kwast told the audience,
“You have a magic sauce here [in Alabama] that no other member in our union has. You have a workforce that is already postured to build the second space race. The two million jobs that are predicted over the next ten years—the question is how many of them could be in Alabama?”
The crowd left inspired by the past, buoyant about the present, and excited about the future.
Alabama Launchpad Cycle 4 competition
Don’t miss the last Alabama Launchpad of 2019 taking place in Troy on Thursday, November 14, 2019.
Find all the details at www.alabamalaunchpad.com.
The deadline to apply has been extended to September 8 at midnight. Be quick!
Alabama Launchpad is brought to you by the Economic Development Partnership of Alabama.