September 8, 2020

There are many goals for organizing the annual Big Launch Challenge business plan competition, but one of the most important goals is to connect entrepreneurs with investors. The COVID-19 pandemic has caused much disruption across the world and has eliminated many entrepreneurship events. The Launch Place (TLP) shares many characteristics of entrepreneurs such as innovation, flexibility and adaptiveness and therefore has decided to host the Big Launch Challenge ‘Lite’ edition. 

The Launch Place strives to foster an environment for new and serial entrepreneurs to raise capital and garner the support system needed to take their products and/or solutions into the marketplace. Although there will not be a pitch competition with prize money awarded in 2020, The Launch Place is focused on fostering the support system entrepreneurs need by providing the opportunity for company introductions to investors. This year’s BLC ‘Lite’ edition will include an opportunity for 10 companies to share their pitches with a panel of 5 investors representing multiple investor groups located across the country. After each pitch, investors will have the opportunity to ask questions and provide feedback on each company’s pitch. Entrepreneurs will be able to ask investors questions about their pitches as well. TLP’s goal is for each company to walk away with valuable insights on their pitch that can help them secure investment funding in the future. 

Companies interested in participating must complete an application. The top 10 companies will be invited to pitch virtually to the panel of judges on Tuesday, November 18, 2020. Applications can be found at http://www.thelaunchplace.org/big-launch-challenge. Deadline to apply is October 5, 2020.