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The Launch Place Fund

Venture Fund · 8 Members · Danville, VA, USA
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Our Investment Focus

The Launch Place Fund was established by The Launch Place to provide catalyst capital to promising entrepreneurs who want to successfully launch their company and reach profitability in three to five years. We want our capital to serve as a trigger for significant milestone achievement, whether it is follow-on capital, first customer(s), or the next breakthrough in the company's growth. The typical range of investments in $50,000 to $100,000, but we can fund up to $250,000.

We Invest Capital, We Also Invest In Your Success

We don’t just invest capital in your company; we invest in you and your management team. In addition to attractive financial incentives, the Fund offers portfolio companies first class advisory, training and support services from The Launch Place free of Charge. Together, we believe these services and incentives are unmatched in their ability to give entrepreneurs the tools they need to successfully launch their company:

• Free one-on-one business advisory services including competitive analysis, market research, financial modeling, and business plan development
• Office rent subsidy of $6,000 per year for a period of three years in the River District of Danville, Virginia
• Housing cost subsidy of $5,000 per year for a period of three years in the River Dirstrict of Danville, Virginia
• One-Stop Shop concierge services including free membership in the Presidents Council, a network of regional entrepreneurs, and free membership in the local YMCA and Young Professionals Club
• Complimentary entrepreneurial training workshops from VTKnowledgeWorks

In exchange for our investment in you and your new business, portfolio companies commit to locating their business in the River District of Danville, Virginia for 3 years.

We Accept applications throughout the year free of charge. To Be considered for an investment, your business needs to:

• Be located or willing to relocate to the River District in Danville, Virginia for a period of three years
• Expect solid job growth within 5 years
• Have leadership committed full-time to the business
• Demonstrate it can scale with limited capital
• Be engaged in any one of these industries: IT, Software, engineering and electronic-related products, bio-materials, medical device, healthcare or green energy
• Have a business plan that projects your market position, capital strategy, management team development, and market risks
• Have a product or service developed with the first customers or another indication of market validation