Innovative Societal Solutions

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

This track is designed for startups building innovations from the center of community engagement to provide sustainable social impact. These startups are designed with, by, and/or for the community, where the community is the foundation of discovery and implementation.  (Examples: NonBinary Solutions, Decurmed, The Graham Test, BumptUp, Cellie Coping Kit, CollieGlow)


Areas of Interest

Agtech
AgTech refers to technologies making an impact in the agricultural industry to improve yield, efficiency, and profitability. AgTech encompasses a wide range of technologies, including automation, biotechnology, precision farming, and data analysis.

Examples: (PhytoGensis leverages plant-based compounds to develop safe and non-toxic alternatives to fungicides and other pesticides, Stocket bridges information, and beef cattle producers to a better way of farming.)


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.)


Energy: Green, Renewable, and Clean
Together, green, renewable, and clean energy are increasingly used to generate electricity in order to phase out the use of fossil fuels, like coal and gas. Individually, green energy is energy that causes no harm to the natural environment through its source and production methods. Renewable energy is from energy sources that are replenished naturally, such as the sun or wind. Clean energy refers to clean air. For energy definitions and information, visit National Grid

Examples: (Qilo leverages AMI data to help utilities select the best energy solutions for their grid and pinpoint households with the greatest potential value and probability of solution adoption.)


Human Health & Equity
Innovative solutions and technologies that improve human health outcomes and health equity. Human health technologies are centered on human needs through technological advances such as devices and therapeutics. Health equity means helping people overcome healthcare barriers based on social determinants of health. 

Examples: (NonBinary Solutions is a technology & consulting firm for behavioral health and ABA providers; Decurmed is helping immigrants navigate the U.S. healthcare system and get the care they need; Medical Physics Innovations is creating a transformative approach to cancer care through a new generation of Radiation Therapy Quality Assurance technologies, Malaria Drug: SJ733 is developing a safe, rapid-acting anti-malarial medicine.)


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 1:00 PM ET – 3:30 PM ET: Round 2 Interviews for Innovative Societal Solutions Track

  • October 9 - November 20: Fall 2024 Pre-Seed Accelerator Cohort Program Dates