Mobile App Business Launchpad Experiment, often stylized as Mable, is a
business accelerator
Startup accelerators, also known as seed accelerators, are fixed-term, Cohort (educational group), cohort-based programs, that include mentorship and educational components and culminate in a public sales pitch, pitch event or demo day. While tradi ...
based in
Portland, Oregon
Portland (, ) is a port city in the Pacific Northwest and the largest city in the U.S. state of Oregon. Situated at the confluence of the Willamette and Columbia rivers, Portland is the county seat of Multnomah County, the most populous co ...
, U.S., that provides mentorship and resources to select
startup companies
A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship refers to all new businesses, including self-employment and businesses that never intend t ...
. The program was informally launched in 2015 before converting to a formal structure in 2016. Mable participants are chosen by a selection committee following an application process. Participants will either then be sent to prepare for an investor pitch and receive limited coaching or be sent to enroll in the app academy accelerator where they spend three months developing their businesses with support from mentors and coaches. Companies that pass through the accelerator may also be provided a seed round of financial assistance.
The program's inaugural class will support four businesses primarily focused on mobile technology, most of which were Portland-based. Mable's 2015 class includes a wider variety of business models. Following graduation, startups are provided with an opportunity to pitch their business plans at the investor pitch events.
Program structure
Participants receive $20,000–50,000 in
seed money
Seed money, sometimes known as seed funding or seed capital, is a form of securities offering in which an investor invests capital in a startup company in exchange for an equity stake or convertible note stake in the company. The term ''seed'' ...
in exchange for six percent
stakes and spend three months developing their businesses with assistance from "mentors, big brands and other startups".
The program is similar to the
Portland Incubator Experiment and the
Portland Seed Fund, a public-private program (funded in part by the cities of
Hillsboro, Portland, and the
Oregon Lottery
The Oregon Lottery is run by the government of the U.S. state of Oregon. It is a member of the Multi-State Lottery Association (MUSL).
History
The Oregon Lottery was authorized by Oregon Ballot Measure 5 which was passed by voters in the 1984 ...
).
that encourages
entrepreneurship
Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values th ...
and invests in startups.
See also
*
Angel investor
An angel investor (also known as a business angel, informal investor, angel funder, private investor, or seed investor) is an individual who provides capital for a business or businesses start-up, usually in exchange for convertible debt or owners ...
*
Venture capital financing
Venture capital financing is a type of funding by venture capital. It is private equity capital that can be provided at various stages or funding rounds. Common funding rounds include early-stage seed funding in high-potential, growth companies ( ...
References
External links
* {{Official, http://AppAcademyAccelerator.com
2015 establishments in Oregon
Companies based in Portland, Oregon
American companies established in 2015