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Danville, VA, March 12, 2020 – Based on the latest developments regarding the Coronavirus (COVID-19), today The Launch Place and its Seed Fund Advisory Board have decided to postpone its 7th annual IdeaFest business pitch competition scheduled for April 2, 2020 to a later date. The health and safety of our attendees, presenters, judges, and organizers are our top priorities; and we think that this is the safest decision for everyone. We will notify everybody once we have a new date selected. Thank you for your understanding and co-operation.
Five years ago, Danville, Virginia based investment fund, The Launch Place invested $40,000 from their Pre-Seed Fund to help early stage wearable tech startup FokusLabs (now Revibe Technologies) conduct research and develop their prototype. During the last 5 years, the company has grown, the name has changed and the prototype has become a highly rated product, the partnership has remained strong and The Launch Place invested an additional $250,000 from its Seed Fund 2.