January 30, 2013

The Launch Place Appoints Seed Fund Manager

(Danville, VA) – The Launch Place has named Lynn E. Allen Manager of The Launch Place Fund. The Fund was established as part of The Launch Place’s Entrepreneurship Initiative funded by a $10 million Danville Regional Foundation grant in July 2012. This newly created fund will provide concept and seed stage investment for innovation-based companies in the Danville region that exhibit significant potential for growth and economic impact.

"I'm really looking forward to working with all the folks in Danville and the surrounding region who have demonstrated such extraordinary vision and commitment to their economic future,” says Allen. “It is a unique opportunity, and I feel privileged to be part of it."

Allen has a long track record of assisting new enterprises and positioning them for long-term success and sustainability. She has worked with both public and private stakeholders to structure local venture initiatives and to raise first time venture capital from institutions and individuals; and she has lead numerous training programs for entrepreneurs and angel investors. She holds a Bachelor of Arts degree from the University of Kentucky and a Master of International Management from the University of Denver. She is a board member of The Enterprise Corp., Associates in Pediatric Therapy, BYNDL, Inc., and The David School. She also serves on the Board of Economic Advisors for Purdue’s Emerging Innovations Fund, is an advisory board member of the Kentucky Energy Sector Partnership, and was chair of the Jefferson Community and Technology College, Annual Scholarship Event, 2012.

“We are very excited about Lynn’s arrival to Danville. Her knowledge, experience and network bring a strong professional skill-set to The Launch Place Entrepreneurship Initiative,” said Eva Doss, President/CEO of The Launch Place.

For more information contact Eva Doss, President/CEO of The Launch Place, at (434) 483-4301, extension 231 or EDoss@thelaunchplace.org.

“The Launch Place energizes and diversifies our regional economy through entrepreneurial development and business consulting services.”

The Launch Place, a member of the VT KnowledgeWorks Entrepreneurship Alliance, is the lead organization overseeing the planning, development, implementation and evaluation of a comprehensive Entrepreneurship Development Plan for the River District in Danville, Virginia. The objective of the Plan is to recruit and assist emerging and serial entrepreneurs who locate within the River District.

The Launch Place also provides business consulting services to existing and newly established businesses throughout Southern Virginia and Northern North Carolina in the areas of business plan development, feasibility studies, investments, market research and analysis, financial analysis, operational analysis and mergers and acquisitions.

The Launch Place is a 501 (c)(3) non-profit organization governed by an independent Board of Directors. The Launch Place Fund, a Virginia non-stock corporation which invests in new start-ups in Danville, is governed by The Launch Place Fund Board of Directors. The Launch Place receives financial assistance from the Danville Regional Foundation, USDA, City of Martinsville, and Henry County.