CodeLaunch is an annual competition for people and groups with ideas for “Apps” who are seeking seed funding. The CodeLaunch Pitch Event is the culmination of the annual competition and a showcasing of the best competitors. If you have an “idea for an app” and nothing more you are qualified to apply. If you have experience in business and passion for entrepreneurism you are likely to advance. CodeLaunch will continue to grow each year and has become an event with widespread interest from the startup community including Angel Investors, Venture Capital, and other entrepreneurial organizations and leaders.
After the application deadline our team of software architects and business analysts reviews all of the applications. At this stage we are looking for basic viability and whether the project suits our technical skillset, but also the business acumen and background of the applicant(s). Once we make the first cut we will then take a deeper look at each of the remaining applications and score them on 5 or 6 categories on a 1 to 5 scale. We take that ranking from top to bottom and identify the competitors we want to bring in and meet face to face, and alternates. Once we identify those we will bring you in to give us your best timed pitch and undergo a Q&A session. In 2014 the pitch time limit was 9 minutes. Based on our impression of your pitch and other factors we will then announce those who we want to “pitch” at the CodeLaunch event in late summer. The announcements are made via email and Facebook and Twitter, and the process takes about two months from deadline to CodeLaunch.
This competition is a venue for embryonic stage startups to get their idea launched. Anyone from individuals with nothing more than a great idea, to sophisticated groups who already have a prototype, designs, business plans, and prior investors. We encourage each of these and everyone in between to apply.
Although Code Authority is seeking to find intriguing investments, we also want to help those who advance partially through the process and those who we don’t choose to invest in. We want to help everyone who participates improve their chances to find seed funding.
Mobile apps, line-of-business software, SAAS concepts, applications for emerging devices...
Our goal is to populate the audience with angels and representatives of the entrepreneurship community who are capable of providing seed capital to any or all of the finalists. Immediately after the event a networking function allows the competitors to meet and greet these people.
Competitors who advance will receive benefits at every stage including recognition which may help them promote their concept by recognizing their achievements in the CodeLaunch program. We also want to protect your intellectual property. Each application includes an NDA with Code Authority, Inc. Competitors are not required to give away their secret sauce during their pitch should they make the finals.
The judges will also collectively assign awards. Award winners will receive trophies and digital collateral which can be used to recognize the achievement.
CodeLaunch Pitch Day welcomes the attendance of any potential investor, whether they be an Angel or represent more institutional funding sources, Venture Capital, or others. Any individual or group is free to negotiate with any finalist to put together a deal which propels the startup forward. Our goal is for CodeLaunch to become an entrepreneurial amenity for everyone involved in North Texas entrepreneurism.
For evidence of this look no further than the experience of Nathan Zimmerman, a finalist at CodeLaunch Pitch Day 2014. "The CodeLaunch process put me in touch with experienced people in the software development and business communities who share the common interest of seeing businesses and startups succeed. At CodeLaunch Pitch Day, I was able to connect with individuals that I wouldn't have had the chance to meet otherwise and consequently I now have partners with whom I am in the process of taking my project to the next level. I would highly recommend participating in this event. Thanks CodeLaunch!” - Nathan Zimmerman
Although Code Authority wants to find startups with the business acumen and experience to take our contribution and make it a success, business acumen is not required. The more experience you have in the subject matter the more likely your concept will advance. People with no acumen and very interesting new ideas have advanced to the finals in the past so don’t be dismayed from applying.
Code Authority will choose one or more competitors who are designated as “Overall Winners” at the Pitch Day Event. Winners will be offered a specific package of benefits and be offered a customized partnership with Code Authority.
This partnership will include a collection of services in exchange for a minority stake in the startup. If an agreement is reached between the parties these winners will benefit from a significant amount of free custom software design, development, and/or website development and hosting services. We hope to choose winners for whom these services will be enough to “launch” the startup. Code Authority will become a long term partner and investor in these startups.