The Launch Place invites entrepreneurs to apply for seed funding

~The most innovative and creative entrepreneurs are eligible to up to $200,000~

Danville, Va. (March 21, 2013) –The Launch Place announced today it is now accepting applications from serial and emerging entrepreneurs in need of seed funding and other business support services, such as business consulting, mentoring and training, and office and housing subsidies.

According to The Launch Place officials, while all entrepreneurs are eligible for consideration, business ideas related to engineering, high technology and bio-materials are preferred.

“We have the flexibility to structure deals as debt, convertible debt or equity. While investments will vary, we anticipate investing between $50,000 and $100,000 with the ability to go as high as $200,000 per startup,” said The Launch Place’s Seed Fund Manager Lynn Allen.

Awarded a $10 million grant from the Danville Regional Foundation in July 2013, The Launch Place increased its capacity to offer business consulting services and expanded to include entrepreneurship recruitment, development and retention resources and assistance.

“We are looking for good ideas and sound business plans. With our investments and unique wrap-around business consulting and network of support services, we are confident the most innovative and creative entrepreneurs will thrive in Southern Virginia,” said The Launch Place President & CEO, Eva Doss.

For consideration, go to www.TheLaunchPlace.org to fill out the seed fund application.

As an 501 (C) 3 nonprofit organization, The Launch Place strives to energize and diversify Southern Virginia’s regional economy through entrepreneurship development and business consulting services.

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Contact:

Eva Doss
President & CEO
434/483-4301 (O)
336/908-8806 (C)

Lynn Allen
Seed Fund Manager
434/483-4301 (O)
502/727-0252 (C)