Congrats to our 2019 Cohort!
And special recognition to the top award winners…
LaunchVT provides intensive mentorship and business acceleration services to cohorts of eight entrepreneurs. The program runs from the beginning of April to the beginning of June and features a Demo Day where we award $35,000 in cash and over $100,000 in services. All eight members of the cohort receive mentorship specific to the needs of their business, and participate in office hours, peer strategy sessions, focused trainings, and pitch prep workshops. Each member of the cohort will leave the accelerator with a refined and polished pitch deck, a Launch Report (executive summary) and extensive connections to local investors and business service providers. In selecting our cohort and awarding cash and services we look for 1. Viability: Quality of the product, business model and team, 2. Scalability: Market opportunity and revenue growth potential, and 3. Impact: Job creation and positive economic impact on VT.
These private networking opportunities connect members of the LaunchVT cohort with over 75 individuals and companies that can help them build their businesses. With time for informal networking and structured conversation, finalists get one-on-one access to one of our greatest community resources - our people.
Our workshops are dedicated technical assistance sessions led by content experts and LaunchVT advisors. They provide an opportunity for our entrepreneurs to work strategically on some of the most important aspects of their business with the support of experienced professionals.
Our peer sessions allow members of the cohort to offer feedback and assistance to each other, an invaluable element of the program. We select eight of the most exciting entrepreneurs in the state and give them plenty of time to share their expertise and collaborate. We also bring in LaunchVT alumni to share their stories and answer questions from the cohort.
Members of the cohort are assigned a dedicated coach with industry specific experience. Coaches work with their team on every aspect of their business and provide one on one support as they develop their pitch for Demo Day. Coaches also provide detailed feedback and strategic advice to help their team prepare a polished Launch Report for applying to other accelerators and investment opportunities.
LaunchVT will award $35,000 in cash to up to three businesses. LaunchVT coaches will make an award and cohort members will present at Demo Day for cash awards from investors and the audience.
Each member of the cohort will be awarded a suite of services from local businesses. LaunchVT partners with local service providers to offer our cohort members access to over $100,000 in marketing, legal, accounting, design, and work space support. Click the link below to check out all of the amazing in-kind service providers supporting our entrepreneurs!
Mary Powell is nationally recognized as an energy visionary, positioning Green Mountain Power as a leading energy transformation company. For the third year in a row, GMP earned a top spot among the top ten most innovative energy companies in the world, landing at number five in Energy as Fast Company released its prestigious list of the World’s Most Innovative Companies for 2019. Mary has served as president and chief executive officer for GMP since 2008. She initiated and implemented a strategic and comprehensive restructuring of the company that dramatically transformed GMP. Mary has delivered on an ambitious energy vision to provide low-carbon, low-cost and highly reliable power to Vermonters. GMP has grown from serving 88,000 customers in 2008 to serving over 260,000 customers, with revenues of more than $640 million and $2 billion in assets. In 2014, Mary was recognized by PowerGen as the Woman of the Year, in 2017 and 2018, Mary was named one of the top 25 Most Influential Women of the Mid-Market by CEO Connection. And Conscious Capitalism Media named Mary Powell to its 2018 list of 30 World-Changing Women in Conscious Business.
Jim Crook has spent 40 years in the healthcare business. After a brief career as an IBM salesman, he joined IDX Systems Corporation in 1981. In the ensuing 25 years, Jim held various executive operating roles including President and CEO from 1999-2006.
Since selling the company to GE in 2006, Jim has been a very active early stage venture capitalist. Most of his interests are in healthcare software and services. He plays lead governance roles in RcxRules, Open Tempo, Dealer Policy, Medirevv, Arcadia Healthcare Solutions, Medevolve, Greensea, and Frikintech, among others. Jim is a member of the Colby College Board of Trustees and a former long term member of the Champlain College Board of Trustees.
As President, Rick Gibbs brings a unique combination of expertise and success in entrepreneurialism and software development to Social Sentinel. Prior to joining the company, Rick was the co-founder and CEO of Dealer.com, the ‘startup turned-billion dollar success story’ which was acquired by Dealertrack in 2014 for $1B. At Dealertrack, he was named co-president until the company was acquired a year later by Cox Automotive for approximately $4B. At Cox Automotive, Rick served as president of Software Solutions and then executive vice president and chief product officer. He has a proven track record of scaling companies, creating product strategies and leading the technology development roadmap for both startups and global enterprises. At Social Sentinel, Rick oversees operations and is positioning the company for significant growth and expansion.