Mobile App Business Launchpad Experiment, often stylized as Mable, is a

business accelerator Startup accelerators, also known as seed accelerators, are fixed-term, cohort-based programs, that include mentorship and educational components, and (sometimes) culminate in a public pitch event or demo day. While traditional business incubato ...

based in

Portland, Oregon Portland ( ) is the List of cities in Oregon, most populous city in the U.S. state of Oregon, located in the Pacific Northwest region. Situated close to northwest Oregon at the confluence of the Willamette River, Willamette and Columbia River, ...

, U.S., that provides mentorship and resources to select

startup companies A startup or start-up is a company or project undertaken by an Entrepreneurship, entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship includes all new businesses including self-employment and businesses tha ...

. 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, also known as seed funding or seed capital, is a form of securities offering in which an investor puts capital in a startup company in exchange for an equity stake or convertible note stake in the company. The term ''seed'' suggest ...

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. History The Oregon Lottery was authorized by “Oregon Ballot Measure 5” which was passed by voters in the 1984 general election. The measure amended the Oregon Cons ...

). that encourages

entrepreneurship Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk (assumed by a traditional business), and potentially involving values besides simply economic ones. An entrepreneu ...

and invests in startups.

References

External links

* {{Official, http://AppAcademyAccelerator.com 2015 establishments in Oregon Companies based in Portland, Oregon American companies established in 2015

Program structure

See also

References

External links