Launch : Alaska Announces Inaugural Cohort
Five companies to participate in Alaska’s first startup accelerator
Anchorage, AK – Five startup companies have been accepted into the Launch : Alaska business accelerator. The first of its kind in the state, the accelerator is a cohort-based program to help high-growth businesses form and grow.
The inaugural Launch : Alaska cohort includes the following startups:
· Aquilo provides drone flight operational services, training and consulting.
· Eiden Innovators creates devices and integrated services for the Internet of Things.
· Heather’s Choice offers healthy meals and snacks for outdoor adventurers.
· Kwema produces smart jewelry than enhances personal safety.
· Roborzoid develops a voice assistance platform and devices.
“Launch Alaska is excited to bring our first five startups into our Anchorage-based accelerator program. Our startup teams have scalable business models and are pursuing large global markets; we are confident our startups will be attractive to the investment community, and we look forward to presenting our work at our Demo Day on August 25 at the Beartooth Theatre Pub,” says Lance Ahern, Launch : Alaska managing director.
From June 1 through August, participants will relocate to Anchorage and receive mentorship, business training, business services, and $25,000 in exchange for six percent ownership of their company. The program will culminate in “Demo Day,” an event for start-ups to pitch their company to investors and the public.
“While there is no shortage of investment capital in Anchorage, investors have expressed a strong desire to see startups better prepared to receive investment. Launch Alaska is a member of the Global Accelerator Network, which has measured significant improvements in post-program investment metrics for startups who complete an intensive on-site acceleration program. Ongoing investment in new local startups is one important element amongst a broad array of actions the local business community can pursue to help achieve a stronger more diversified local economy.”
About Launch: Alaska
Launch: Alaska is a grassroots initiative to create a world-class business acceleration program for Alaska. The program mixes two entities: A nonprofit business accelerator that focuses on delivering “experience-based” entrepreneurial education, and an underlying investment fund. Contact Lance Ahern, Managing Director at 907-360-3319 or lance@LaunchAlaska.com.