CodeLaunch is an annual seed accelerator competition between individuals and groups who have software technology startup ideas. The event was founded by Code Authority, a software development company in Frisco, TX in 2012. Since then, CodeLaunch has accelerated at least 12 startup companies with 27 presenting finalists since inception and has received over 1,000 applications from individuals or groups who submitted their software-based startup ideas online for a chance to compete for seed services. The purpose of the competition is to create a medium through which great people with great software startup ideas in the pre-MVP stage can connect with investors and conversely investors can find projects which they wish to support. There's no cost nor surrendered equity to participate in the competition and all ideas are protected under a NDA.
Video CodeLaunch
Applications and Selection Process
Each year from January 1st through May 31st the public can submit their software ideas through the CodeLaunch website. Each application includes a mutual non-disclosure agreement to protect the idea and applicant. After the May 31st deadline, a vetting and curation process is performed by the leadership team at Code Authority until five finalists are selected to pitch their idea to a panel of judges, investors, and attendees at the annual CodeLaunch Startup Expo. In the curation process, criteria which emphasis is placed on to determine the five finalists include size of the project, potential for competition, subject matter appeal, and business acumen of the applicants. The competition is open to anyone regardless of location as long as they are willing to commit to travel to Frisco, Texas, at their own expense in the event they're selected to pitch their idea as a finalist.
Maps CodeLaunch
Overall Winner Benefits
Out of the five finalists, an overall winner of CodeLaunch is selected by the judge panel. Code Authority and CodeLaunch sponsors provide various seed services to the overall winner in order to help turn their concept to a reality. The value of seed services varies year-to-year. In 2017, the overall winner received services valued at over $35K which included a weekend-long hackathon by Code Authority's software development team, branding and strategic marketing package provided by The Company, a comprehensive business development plan offered by Optimus Business Plans, and more.
CodeLaunch Startup Expo
CodeLaunch Startup Expo is an even which takes place in August annually. Five judges are chosen each year who have experience and credibility in the field of entrepreneurism. It is customary for the prior year's overall CodeLaunch winner to participate the following year event as a judge. The finalists are put into a random order and are given timed windows during which to deliver their pitch to the judges, investors, and other attendees. The judges are given the opportunity at the end of each pitch to ask professional but challenging questions. Investors and attendees who are interested in discussions, questions, or investment in the competitors are encouraged to do so at the networking event which follows the awards presentation.
Previous Winners
References
Source of article : Wikipedia
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