Ten companies have been selected as finalists for the Cycle 3 finale of Alabama Launchpad, a program of the Economic Development Partnership of Alabama.
The event was made possible through a partnership between Alabama Launchpad and Innovate Alabama. The finale is Dec. 7 in Hoover.
“We are eager to see the rapid growth of these ten companies as they work with our Launch Advisors in preparation for the in-person pitch finale,” said Miller Girvin, executive vice president of Innovation & Talent at EDPA. “Alabama Launchpad provides both the necessary financial support and mentorship to turn ideas and early-stage companies into thriving businesses within the state.”
Alabama Launchpad consists of businesses in two stages of development – concept stage, which are usually pre-revenue, and early seed stage, which are wanting to speed the growth of their businesses.
The four concept stage companies competing for $25,000 are:
- OMNIS Inc. DBA LucidTrade (Auburn) offers a product to revolutionize finance by merging blockchain tech with traditional banking – empowering users with peer-to-peer loans, credit building and seamless transactions.
- DevClarity (Birmingham) is an AI-powered platform for proactive developer management. With DevClarity, developers are able to maximize and streamline operations, while optimizing resource allocation.
- Revive Recovery Solutions (Birmingham) is a wearable opioid overdose detection device and alert system. It is also a data collection company to provide real-time OD information for the fight in the opioid epidemic.
- Score Pharma (Huntsville) uses CoreX technology platform to develop next-generation antibody therapeutics from existing clinically validated products. This process can create drugswith increased potency, decreased costs and shortened time to market for better patient outcomes.
The six companies in the early seed stage, which will be competing for $50,000, are:
Autonoma, Inc. (Auburn) creates autonomous vehicle simulation and validation tools. It combines an AV simulator with high-bandwidth, low-latency wireless communications to allow a real vehicle to “see” a virtual environment around it. This allows for a safer transition from simulation to on-road operation and is much cheaper and more efficient than current validation methods.
- Dryft Coffee (Birmingham) is operating as a mobile coffee camper but is building its first brick & mortar in downtown Birmingham. Dryft coffee sources its product from women-owned farms and provides a portion of its profits back to the women in their supply chain.
- Datus Henry Industries (Birmingham) is a family-owned business in the hemp industry, based around products grown on one of the first Alabama Black Belt farms licensed to grow hemp. DHI specializes in the growing CBD sector, offering products in its retail location in Birmingham, and it is expanding into the industrial hemp fiber sector.
- GutChek (Madison) is the first marketplace that enables patients to self-schedule colonoscopies without an office visit. It deems itself as the “Calendly for Colonoscopy”.
- Circool (Birmingham) realizes that today, most schools leave their doors open when hosting large events, allowing easy access for potentially unwanted people. Circool protects schools, children and staff by validating school entry and child pick-up during planned and unplanned events.
- VirtuOwl (Birmingham) links, facilitates and hosts learning sessions between a school’s population of students and certified counselors & educators – all on its online platform.
Alabama Launchpad has funded 115 startups and invested more than $6.2 million in nondilutive funding. Its winning companies have a combined post-money valuation of more than $1 billion and have generated more than 1,300 jobs across the state.
Austen Shipley is a staff writer for Yellowhammer News.
