We get this question a LOT:
Q: To qualify for LAUNCH 1.0, does the product need to be finished or near completion to apply?
A: Our goal is to have companies open their sites, at least for beta clients, at the event. We expect that folks applying for LAUNCH 1.0 — especially those applying in December and January — will have only partially functional sites, so we accept screen shots/mockups and even wireframes for sections of the site that are not yet complete. In your application, simply state: "Here are the pieces of the site that are complete, and here are the pieces that will be ready forthe LAUNCH conference."
More about the LAUNCH conference: