Information Session on Alabama Launchpad

1. Information SessionSeptember 18thUniversity of Alabama in Huntsville Glenn Kinstler, Director

2. What is ALABAMA Launchpad? Alabama Launchpad is a not-for-profit organization dedicated to the support and promotion of “high-growth” entrepreneurship and innovation in Alabama. Alabama Launchpad was formed in 2006 by the state’s public, research universities and the business community. Unique collaboration between business and academia Effort to advance “The New Economy” in Alabama “Building an innovation economy through collaboration and entrepreneurship”

3. Alabama Launchpad Partners Alabama A&M University

4. Alabama Launchpad Partners Alabama A&M University Alabama State University

5. Alabama Launchpad Partners Alabama A&M University Alabama State University Auburn University

6. Alabama Launchpad Partners Alabama A&M University Alabama State University Auburn University University of Alabama

7. Alabama Launchpad Partners Alabama A&M University Alabama State University Auburn University University of Alabama University of Alabama at Birmingham

8. Alabama Launchpad Partners Alabama A&M University Alabama State University Auburn University University of Alabama University of Alabama at Birmingham University of Alabama in Huntsville

9. Alabama Launchpad Partners Alabama A&M University Alabama State University Auburn University University of Alabama University of Alabama at Birmingham University of Alabama in Huntsville University of South Alabama

10. Alabama Launchpad Partners Alabama A&M University Alabama State University Auburn University University of Alabama University of Alabama at Birmingham University of Alabama in Huntsville University of South Alabama The Economic Development Partnership of Alabama (EDPA)

11. Role of EDPA Privately funded, not-for-profit organization Private side of economic development Created in the early 90’s to help attract business to Alabama Assists the state, local and corporate economic development/recruiting agencies Extensive Existing Industry Program Entrepreneurship is Economic Development

12. Idea of Entrepreneurial Churn

13. “Writing a business plan is the first step to creating a successful venture. Everything starts with the plan.” – Dr. Bob Kolodney, Harvard Business School Governor’s Business Plan Competition

14. Business Plan Competition Competition is for innovative, high-growth ideas Eligible teams must be affiliated with a partner university Current Student Current Faculty Other University Employee Alumni of no more than five years Former Faculty of no more than three years Must establish and maintain HQ and the majority of business operations in Alabama for 5 years Universities are “Centers of Innovation”

15. Goals of the Competition Provide a structured approach to writing a business plan To educate and nurture entrepreneurs To showcase Alabama’s best start-up ideas and promote the opportunities for entrepreneurship and innovation in Alabama To create a statewide network of individuals interested in high-growth entrepreneurship To provide seed financing to three high-growth businesses on an annual basis

16. Nuts & Bolts Phase I – Optional and Noncompetitive Start up teams submit 2-page executive summary Deadline is Sept. 25 Phase II 4-page “extended” executive summary Submissions graded on quality of idea and quality of b-plan Top 20 advance Phase III Fully developed b-plan, but limited to 10 pages Teams paired with mentors

17. Nuts & Bolts Phase IV Top 8 from Phase III advance Teams pitch their ideas to judges and larger audience 2010 Finale at UAH Opportunity to bring together government officials, entrepreneurs, university officials, business leaders, economic developers, investors

18. 2008-2009 Registration Figures 36 team registrations Industry Categories: IT – 6 Materials Eng – 5 Biotech – 5 Medical Devices – 3 Consumer Products – 3 Pharma/Drug Delivery – 3 Auto/Aero Eng – 3 Green Tech – 2 Ag/Vet – 2 Other - 4

19. What do the winners win? Grand Prize: $100,000 2nd Place: $50,000 3rd Place: $25,000 While cash is king, the real prize is the opportunity to connect with members of the venture and angel communities and other business leaders.

20. A few past winners…

21. 2007 2nd Place: Halo Monitoring Led by two UAH MSEE alumni Wearable health monitoring system that uses wireless technology to monitor health and lifestyle of the elderly. Caregivers can monitor vitals of subject in real time Fall detection and automatic notification of 911 Currently incubated at BizTech Since competition, Halo has received $1.7 million of investment from the Huntsville Angel Network, Greer Capital Advisors and Jemison Investments

22. More on Halo Monitoring First sales in early 2009 Halo Research goes to Consumer Electronics Show ► Company now has 12 full-time employees System available in Huntsville and New Jersey

23. 2007 Grand Prize Winner: OcuMedic Team led by Dr. Mark Byrne, Professor of Chemical Engineering at Auburn Univ. Drug delivery company with a patented technology that creates therapeutic contact lenses for the treatment of ocular diseases Time release Used much of prize money to file international patent applications and new “field-of-use” patents Currently in animal testing at the Auburn College of Veterinary Medicine (FDA process)

24. 2008 2nd Place: SEA Desalination Led by Ph.D. candidate from The University of Alabama Sun-powered system that removes salt from seawater or pollutants from contaminated ground water Made from recycled soda bottles Initial sales are targeted to third world markets and coastal homeowners 10 full and part-time employees Currently incubated at UA AIME Center

27. Many opportunities for ICS

29. Sponsors

30. State of AlabamaFinancial Support

31. Sponsors – 2008/2009 Platinum Level ($25,000 and up)

32. Current Sponsors – 2008/2009 Gold Level ($10,000): Vulcan Materials Company* Silver Level ($5,000):

33. Current Sponsors – 2008/2009 Bronze Level ($2,500):

34. For more information… Glenn Kinstler, Director gkinstler@edpa.org (205) 943-4709 www.alabamalaunchpad.com @alalaunchpad