The Launch Place, a leading recruiter of entrepreneurs in the Dan River Region of Virginia, and First Flight Venture Center (FFVC), RTP’s largest technology incubator, announced today a unique partnership to attract the most innovative technology start-up companies in Virginia and North Carolina to a competition that planners of the event are referring to as “high stakes.”

DANVILLE, Va. (Monday, Feb. 24, 2014) – The Launch Place,the Dan River Region’s leading entity to recruit emerging and serial entrepreneurs, announced today it will invest $250,000 in CirrusWorks Venture, LLC, specifically $75,000 now and $175,000 upon securing additional capital from private investors.

Repeated from www.ssti.org/blog (January 21, 2014)

Powered by strong growth in the Internet and Software sectors, U.S. venture capital activity grew by about 7.5 percent in 2013, according to new data from the National Venture Capital Association (NVCA) and PricewaterhouseCoopers (PWC) Moneytree survey. Both venture dollars and deals ticked up last year, bouncing back to 2011 levels after a slow 2012. For the nation and most states, investment seems to have returned to its pre-crisis level.