Alabama Launchpad Entrepreneur Program Gets Grant
A program that helps Alabama entrepreneurs turn business concepts into reality is getting a boost from a $650,000 grant awarded by Governor Robert Bentley. The grant to the Economic Development Partnership of Alabama Foundation is helping fund the Alabama Launchpad program. The program provides opportunities for individuals with a business idea to receive expert guidance and establish working relationships in the business, academic and banking communities. Alabama Launchpad is conducting three rounds of business-plan competitions in 2015 with winners receiving a share of up to $250,000 to develop their businesses. Past Alabama Launchpad participants have created more than 305 jobs and raised more than $20 million in additional funding for their businesses.