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.
Grand Prize: $50,000 Grant
The 2020 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.
Emerging Idea Award
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 $10,000, along with another $10,000 of in-kind business and marketing-related services! The winner will be announced at the live event.
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 1, 2020.
Finalists selected and notified.
A team of independent, experienced, successful entrepreneurs and business leaders will review every completed application against the judging criteria including viability, scalability, uniqueness, management and impact (of the grant). Those selected to advance will be notified on or before Friday, May 8, 2020.
All finalists will participate in an orientation with the LaunchPad team to prepare you for the live event. This includes a walk-through 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