With So Much Ahead of You,
wouldn't it be nice
To Have a Little Something Extra Behind You?
Founded in 2013, Gorham Savings Bank's LaunchPad celebrates and supports Maine ingenuity, creativity and entrepreneurial spirit. The process is simple and straightforward, and the benefits of participating are many.Watch the Video
The 2018 Grand Prize winner will receive a grant from Gorham Savings Bank to buy equipment, expand or acquire space, hire employees, fund product development or meet any other business need.
Once our panel of independent judges have selected the five finalists, who will pitch on-stage for this year’s LaunchPad grand prize, they will then select the Emerging Idea Award winner from all the remaining applicants. This additional prize includes a grant of up to $10,000, along with another $10,000 of in-kind services! The winner will be announced at the live event.
The entry period for the 2018 competition starts on Thursday, March 15, at 8:00am and ends on Sunday, April 15 at 5:00pm. Legally registered, Maine-based businesses and/or legal residents of Maine age 18 or older can apply. Past LaunchPad applicants and finalists are also welcome to reapply. No formal business proposals or supporting documents are required. All finalists will deliver a live presentation on Tuesday, June 5, 2018, at USM’s Hannaford Hall. The Grand Prize winners will be announced at the conclusion of the live event.
- CountdownThis category includes businesses that have yet to generate revenue and are still in the process of developing their core offerings. They can range from those with a business idea or plan to those that have recently opened and are focused on developing products and services.
- IgnitionBusinesses that have recently started generating revenue. These businesses include any business that is open—whether online or in another format—and has recently started generating revenue.
- LaunchMore established businesses—those that are generating revenue sufficient for reinvestment in the operation. Whether through a new product or service, or by expanding the business in scale or location, these businesses are focused on building on their initial successes.
How LaunchPad Works
Deadline to enter.
Entering LaunchPad takes only an hour or two. No formal documentation is required, and you can start your application, then stop and save it for completion later. Applications must be completed and submitted by 5:00pm on April 15, 2018.
Finalists selected and notified.
A team of independent, experienced, successful entrepreneurs and business leaders will review every completed application against criteria including viability, scalability, uniqueness, management and impact (of the grant). Those selected to advance will be notified on or before May 18, 2018.
All finalists will participate in a working session with the LaunchPad team to prepare you for the live event. This includes a walkthrough of the agenda and a review of requirements and best practices for your live presentation.
All finalists will deliver a final pitch to, and then field questions from, a panel of three independent, experienced, successful business leaders in front of a live audience at USM’s Hannaford Hall in Portland. The Grand Prize award will be presented at the conclusion of the event.
The judges will score the presentations on the following criteria Official Rules