The Office of Innovation Commercialization

The Big Launch Challenge 2014

Posted on Thursday, May 1st, 2014 by Innovate.
Big Launch Challenge

Join us for The Big Launch Challenge 2014!

Two states, two innovative partners and ONE BIG LAUNCH CHALLENGE!
The Big Launch Challenge 2014 is the first annual venture between The Launch Place and First Flight Venture Center. Two states, two innovative partners and ONE BIG LAUNCH CHALLENGE!!

The Launch Place, a highly successful Danville, VA based entrepreneurial development organization, and First Flight Venture Center (FFVC), RTP’s largest technology incubator, are hosting a contest with two awards of up to $15,000.

The competition will feature a total of two elimination rounds, plus a final live event. The final LIVE pitches will be made at The Institute for Advanced Learning & Research on Thursday, May 22, 2014 in Danville, VA. A simulcast party will also be hosted at First Flight Venture Center.

Finalists will also have an opportunity to pitch the Launch Fund, a $4 million seed fund intended to help startups generate investments. Potential follow-on funding is available ranging from $50,000 to $100,000, with the ability to fund up to $200,000 per company

The 2014 Big Launch Challenge is open to early-stage companies in the information technology, nano or green technology, alternative energy, advanced manufacturing, advanced materials and medical devices industries. Companies who receive awards will also have access to a number of valuable resources including education, networking, team creation, mentorship and early-stage prototyping. Eligible participants must meet the following criteria:

  • Must be a start-up
  • Fewer than 10 employees
  • Finalists must be prepared to apply for consideration to The Launch Place Seed Fund
  • Finalists will receive mentorship and guidance from The Launch Place
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