We had a vision of what we could do to help the companies, but, with such a great group of entrepreneurs, they took the program to places, really great places, we never imagined
Washington, D.C. (PRWEB) August 6, 2008
LaunchBox Digital today announced the first nine companies to complete its incubator program, and is introducing the companies to the public at its first Demo Days on August 6th and 7th. With today's introduction of the first nine graduates of the LaunchBox Digital incubator program, the market will see first-hand the positive impact that active support of early stage businesses can have on their success.
LaunchBox Digital received close to 250 applications this spring from around the world from entrepreneurs wanting to participant in LaunchBox08, the business incubator program LaunchBox held in Washington, DC this summer. Nine companies were selected in the gaming, mobile and social media space, and moved to DC to be part of the 12 week program. In addition, each of the companies received start-up funding from LaunchBox Digital. During the program, the three founders, John McKinley, Julius Genachowski, and Sean Greene, worked with each company to refine their product vision, develop their business models, and prepare for fund raising, while also giving each entrepreneur exposure to a world-class group of advisors.
Now, 12 weeks later, each company stands prepared to show their products to press, angel investors, and venture capitalists on the East and West coasts this week in Washington DC and Palo Alto, California.
LaunchBox Digital also announced today the next incubator program which will run in 2009. Details of LaunchBox09 will be announced in the future, and will be available at http://www.launchboxdigital.com.
During this summer's program, working in 2 to 4 person teams, each LaunchBox Digital company has designed and built exciting new products that let users do everything from playing compelling games, to communicating more effectively, to creating compelling online stories, to finding and landing that perfect job. It is an amazing, diverse set of products and businesses that have been created in an incredibly short amount of time.
To help the teams, LaunchBox Digital has provides them with initial seed capital, ongoing coaching and advice, and access to a world-class set of advisors to the program, including some of the most successful entrepreneurs and executives, two former chairmen of the FCC, as well as subject matter experts in law, online advertising, and other categories. The teams also formed their own support network, frequently reaching out to the other companies in the program for everything from technical help to feedback on their products.
"We had a vision of what we could do to help the companies, but, with such a great group of entrepreneurs, they took the program to places, really great places, we never imagined," said LaunchBox Digital Co-Founder John McKinley, "Sometimes the best dialogs we had happened at 4 a.m., in the midst of marathon coding sessions. The passion and energy each team brought was infectious."
As the program neared the end, the focus turned to preparing each business to go out and meet with angel investors and venture capitalists to begin the important process of fund raising. Each business worked to develop its "elevator pitch", as well as the detailed plans for expanding their businesses over the next six to twelve months.
"The challenge for each business is to find create ways to get their products used by large amounts of consumers," said Sean Greene, another LaunchBox Digital Co-Founder, "That means using the best practices of successful startups: viral marketing and creative distribution partnerships."
"The entrepreneurial spirit is alive and well," said LaunchBox Co-founder Julius Genachowski. "We've been fortunate to have nine extraordinary teams in our program working round the clock to create great new companies. Our experience with LaunchBox confirms that there is terrific talent with terrific ideas looking to start companies, and that value can be unlocked by providing a smart and efficient platform for startups to get going."
Information and screencasts for each of the nine companies can be found at http://www.launchboxdigital.com.
Matt @ Launchboxdigital.com
LaunchBox Digital Companies
BuzzHubb (http://www.buzzhubb.com ) - BuzzHubb is a simple and addictive service that allows college students to stay connected to their friends and networks through short messages and network-relevant content submitted via the Web or Mobile phone.
Heekya (http://www.heekya.com) - Heekya enables consumers to easily manage and share all of their digital media in the form of a dynamic ongoing story.
Jam Legend (http://www.jamlegend.com) - Jam Legend brings free, in-browser interactive music gaming experience online.
Koofers (http://www.koofers.com) - Koofers.com provides an interactive community that serves the academic needs of college students through information sharing. Students benefit from collaboration with their peers and the experiences of former students. They provide many helpful services that span the entire academic calendar, from course selection through final exams, collaboration tools, course & instructor ratings/grade distributions, and an online library for sharing past exams & study materials.
Mpowerplayer (http://www.mpowerplayer.com) - Mpowerplayer's platform drives purchases of mobile games by enabling consumers to browse, experience, sample and purchase mobile games and applications via their PC prior to making a purchase decision.
MyGameMug (http://www.mygamemug.com) - MyGameMug is a global community that connects similarly-minded gamers together through a proprietary matchmaking algorithm.
Razume (http://www.razume.com) - Razume is a resume review community that provides job seekers career management tools, immediate expert feedback on their resumes, and free one-click posting to all the top job sites.
ShareMeme (http://www.sharememe.com) - ShareMeme allows you to easily communicate with your friends on their terms - on social networks, IM, email, and SMS. Gather your friends' contact info on one site and get started from the web or your phone. It's the new way to share and communicate.
Zadby (http://www.zadby.com) - Product Placement for Viral Video: A structured, scalable, and safe way to build your brand online. Zadby gives advertisers an easy way to get community-created viral video produced that is targeted at the tough-to-reach 18-to-35 demographic, all done on a pay-for-performance model.