Anchorage accelerator selects four companies for training

March 1, 2018 by  

Launch Alaska, a business accelerator in Anchorage, has selected four companies to participate in its 2018 program.

The program will be held at the Boardroom in downtown Anchorage, a coworking space shared by innovators. The four-month program is an intensive effort during which the companies receive business training, mentorship, business services, and $75,000, which is provided in exchange for equity in the four organizations.

Isaac Vanderburg is Launch Alaska’s managing director. He revealed that about 27 companies applied, both from Alaska and throughout the nation. Before they were chosen, Launch Alaska examined the companies’ financials closely, checked their business models, listened to pitches, and conducted more interviews. In the end, they decided the companies presented a compelling reason why they wanted to come to Alaska.

All four of the companies are in the energy field, and are going to tackle an issue of vital importance to the state’s residents: high electric bills. Alaskans have one of the highest per-capita rates of electricity usage in the nation, and the price is high. Vanderburg says innovation in energy is important to residents, because of the great impact of energy costs on residents’ budgets.

All four of the companies are from out-of-state; they are Omega Grid, Correlate, Carter Wind, and BoxPower. The program begins March 26, 2018.

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