The LaunchLab accelerator program provides a platform for education, inspiration, collaboration, and support – requiring entrepreneurs to take action and work toward achieving goals related to their business. The goal of LaunchLab is to assist entrepreneurs as they launch, grow, and expand their business with an emphasis on minority entrepreneurs. This program hires interns from our seven colleges and universities to work with each company in the cohort on special projects allowing us to reach out to college students to develop their skills and retain their talent in our region.
**Launch Lab 101 – 5 weekly meetings held with support from experts and program management to assist entrepreneurs while they set-up their corporate and financial structure, determine if they have intellectual property, and other requirements to start a business. The 101 outcomes include: corporate structure, web-presence and customer definition. Applications for Spring series due Jan. 9. Program runs Jan. 23-Feb. 20.
**Launch Lab Growth – weekly meetings for 10 to 11 weeks culminating in a Demo Day event. The session topics include sales, capital acquisition, pitching to investors and many other topics. Each company is assigned a mentor and will receive assistance with growth projects by expert service providers. Outcomes for the growth participants are mutually-agreed upon objectives but most often include: customer definition, development of marketing materials and financial models, completing an MVP to test within the market and a pitch deck for customer and investor development. Applications for Spring series available due Feb. 13. Program runs Feb. 27-May 22.
“LaunchLab connected us to local start-up resources and amazing mentors. It helped us test our idea and have the confidence to move our business forward.” – Jonathan Woahn
Woahn and his co-founder, Brian Lopatka developed a software solution to provide an industry defining, out-of-the-box performance management tool to engage manufacturing and operations based teams. They now have 6 full-time employees including one former graduate of the LaunchLab intern program.