May 6, 2011
Startup accelerator programs have been spreading like wildfire over the last few years. We have been covering them since 2007 as TechStars launched in Boulder, Colorado to emulate Paul Graham and Jessica Livingston’s Y Combinator model. Since then we’ve seen TechStars expand to other cities, become part of Startup America and open source its model to a handful of other incubators across the country as part of the TechStars Network. One of the network incubators, Launchpad Ignition, happens to be down in the New Orleans bayou and is founded by Chris Schultz, Barre Tanguis, Will Donaldson, Peter Bodenheimer and Mark Graffagnini. They initially created Launchpad as a co-working space in 2009. Leveraging the community hub, the team has been working tirelessly for the past five months to prepare its initial six companies for demo day, which took place yesterday.
Chris Schultz, one of the co-founders of Launchpad Ignition:
“Our mission is to keep these companies in New Orleans and build a solid tech ecosystem. One of the keys to this program is to ensure that local investors and angels lead the funding rounds with national funds supporting those investments.”
The program started in mid-March and concluded yesterday. So let’s take a look at the six companies that launched.
Dydra – cloud-based database as a service. It allows companies to store, analyze and leverage big data.
Gamebuilder Studio – cross-platform visual game creation tool for creating games. It’s like XtraNormal for games and offers a drag-and-drop interface for creating simple games. It’s a way for anyone to create a game in just a few minutes and then distribute to any platform they want.
Rayku – peer-to-peer micro-tutoring network. Founded by an 18-year-old freshman in college, Rayku is the marketplace connecting tutors with students. It’s focused on college and university students and takes a percentage of every tutoring transaction. It’s not meant for in-person tutoring but more for web-based tutoring.
Kinio – sells videos online. The service is focused on independent filmmakers to upload and distribute their films. This sounds very similar to DC-based SnagFilms. The transaction engine is built into the player so that videos can offer a revenue stream in the video.
Liveset – HD streaming platform for live concerts. It’s like the “HBO for concerts” as they capture and produce a high-quality video for live shows. Their biggest challenge may be scaling, but they are approaching this by working with musicians with larger audiences and capitalizing on the transactions for each show.
“Ignition brings together the local and national entrepreneurs, mentors and investors to raise the level of awareness of what technology companies can do in the New Orleans region.”
So it sounds like the Launchpad team is doing some interesting things down in New Orleans. It will be exciting to watch their progress as well as to follow the companies they have been working with in the region.
Photos © 2011 amy jett photography.
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