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Who will take home the $50,000 grand prize in this year's LaunchPad competition for small businesses?
Five finalists have been chosen to compete at a June 4 live pitch-off at the University of Southern Maine's Hannaford Hall in Portland.
They'll appear on stage before a panel of judges and a live audience in the seventh edition of the contest won last year by North Spore, a mushroom grower based in Westbrook that went on to "Greenlight Maine" glory weeks later.
Out of 150 applicants for this year's edition, five businesses made it to the final round, according to an announcement out this morning. They are:
This year's judges are Ford Reiche, entrepreneur and co-founder of Safe Handling Inc.; Logically CEO and co-founder Chris Claudio; and Catherine Cloudman, a shareholder and board member at Village Fertility Pharmacy.
Business consultant Michelle Neujahr will emcee again this year.
“Our preliminary judges selected an extremely diverse group of small businesses this year,” said Steve deCastro, president and CEO of Gorham Savings Bank, in a news release.
He noted that while each of the finalists operates in a different niche, they all highlight what Maine is known for nationally. That includes natural resources, sustainable products and innovation.
In its third year, the Emerging Idea Award is a $10,000 grant that comes with an additional $10,000 worth of in-kind marketing, business development and public relations services.
This year’s Emerging Idea finalists, selected from LaunchPad applicants are as follows:
Each finalist will have the opportunity to submit a 60-second pitch video, which will be played at the event.
The Emerging Idea Award winner will be announced just before the LaunchPad winner at the live event at Hannaford Hall.
All those interested in attending the June 4 LaunchPad event are invited to register online.
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