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Alabama Launchpad seeks next generation of innovators in competition finale

Even Alabama’s largest companies first began with an idea, and the Economic Development Partnership of Alabama (EDPA) is searching for the next great one.

Through Alabama Launchpad, a premier entrepreneur competition, the EDPA seeks to fund the next generation of Alabama innovators in hopes of launching the next great homegrown company.

Its most recent cycle of competition will conclude this Thursday in Birmingham. Similar to the television show “Shark Tank,” six startup finalists will take to the stage to pitch their finalized business plans in hopes of receiving a portion of the $250,000 available for milestone funding.

“If you think of Alabama’s success, you think of those original Alabama companies—like Protective Life in Birmingham and ADTRAN in Huntsville. Though they are big now, they started with an idea, with an entrepreneur,” said Greg Sheek, director of Launchpad Programs.

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Mercedes supplier SMP to open $150 million Alabama facility, creating 650 jobs

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