Industry Transformation
Overview
Launch Blue’s 7-week pre-seed accelerator focuses on training and developing deep tech, industry solutions and social innovation startups to create a funding strategy for success. Startups are educated on using multi-phase federal research grants to develop and de-risk the technology while also learning how to raise dilutive investment dollars at the seed stage level.
Track Description
For innovative tech startups that provide solutions for industries with urgent needs with complex ecosystems or complicated long purchasing processes. This track has a narrower area of focus as we partner with industry leaders in these areas in order to find startups developing solutions to specific industry challenges. (Examples: Qilo, RSET, Stocket, Water Warriors, VerraGlow)
Areas of Interest
Circular Economy and Sustainability
Circular Economy and Sustainability focus on creating new technologies, strategies, practices, or policies to achieve principles or product materials that reduce, reuse, recycle, redesign, repurpose, remanufacture, etc.
Examples: (Green Copper Recycling developed an envio-friendly (zero carbon emission and heat and acid-free) method of harvesting copper from end-use products and materials, Water Warriors created a natural, affordable pellet material to remove harmful levels of nutrients to keep the algae blooms from forming. Once the material cleans a body of water, the pellets can then be reused as a slow-release nutrient-rich soil amendment.)
Materials Innovations
Materials Innovations focuses on advancing the next generation of materials through science and technology. This process focuses on meeting user needs through improvements in existing products or processes by creating something new. (i.e. metals and critical materials)
Examples: (Green Copper Recycling developed an enviro-friendly (zero carbon emission and heat and acid-free) method of harvesting copper from end-use products and materials, Biovalor is developing a process to extract and recover battery metals with a more economical and environmental approach to recycling.)
Candidate Fit
Attractive candidates for our program will have demonstrated success in one or more of the following areas:
Early sales / Revenue
Investment / Funding Raised
Grants (SBIR, STTR, etc.)
Active Users
Minimum Viable Product / Beta Product
Strong Founding Team / Founder Market Fit
Other forms of credible traction
Eligibility
The Launch Blue Accelerator program focuses on startups with the potential to provide positive societal and economic impact. Attractive candidates for our program will have demonstrated success in the following areas:
Development Stage: Refined Prototype, Version 1 of the product in the market, possible SBIR Phase 1 nearly complete and prepping to apply or in the application process phase.
Impact: Priority is given to startups with the potential to impact the Kentucky economy, workforce development, and community.
Team: We are looking for startups with well-rounded founding teams OR founders with strong industry founder fit with contractors/employees rounding out the team.
Important Dates
August 14 - September 13: Fall 2024 Applications open
August 30: Virtual Information Session. Click here to watch the recording.
Applications will be reviewed on a rolling basis in Round 1. Applications selected to advance will be invited to Round 2 interviews based on Program Track, September 19 and 20.
September 19th 9:00 AM ET – 12:30 PM ET: Round 2 Interviews for Industry Transformation Track
October 9 - November 20: Fall 2024 Pre-Seed Accelerator Cohort Program Dates