January 20, 2020



7th Annual IdeaFest Business Pitch Competition - Postponed

ideafest 2018 business pitch competitionDanville, 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.

IdeaFest is a Business Pitch Competition where 20 finalists will pitch their startup idea to a panel of judges and a live audience.  The top three competitors will be awarded $5,000 for first place, $3,000 for second place and $2,000 for third place.

Winners of the competition will also be eligible to receive twenty-five hours of free business consulting from The Launch Place. The Launch Place, assists with business formation, job creation and retention through its business consulting services and investment funding, while having a dual responsibility to recruit and retain entrepreneurs to the Dan River Region. The IdeaFest competition exposes The Launch Place’s services and funds to start-up companies that are ready to establish or seeking early stage capital. The Launch Place could potentially invest in the company from its Seed and Pre-Seed Funds.

  • 1st Place $5,000
  • 2nd Place $3,000
  • 3rd Place $2,000

IdeaFest is free and open to the public. Attendees are encouraged to attend any part of the day’s activities. Community members of all ages and professions are invited to attend to learn about the region's startup development resources, to network with a wide range of business professionals and to explore entrepreneurship as a career option.

Deadline EXTENDED to Apply: March 15

The applications will stay open until March 15th. Applications will be reopened for updates and new applications 6 weeks prior to the newly selected date.  


apply to pitch ideafest business plan pitch competition


View a summary of the 2019 Pitch Competition

For additional information, contact Varun Sadana at vsadana@thelaunchplace.org.

ideafest danville business pitch competition