The Launch Place Partners With First Flight Venture Center To Host A High Stakes Competition For Startups Looking For An Opportunity To Win Up To $15,000 - 8NEWS - WRIC | News Where You Live

The Launch Place Partners With First Flight Venture Center To Host A High Stakes Competition For Startups Looking For An Opportunity To Win Up To $15,000

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SOURCE The Launch Place

~The competition is open to the public for free

DANVILLE, Va., May 6, 2014 /PRNewswire/ -- The Launch Place and First Flight Venture Center will host the first joint Virginia and North Carolina Big Launch Challenge. Six finalists from both states will pitch their technology-related business ideas to a panel of judges on May 22 from 1 p.m. to 5 p.m. at the Institute for Advanced Learning & Research in Danville.

The top two winners will be awarded up to $15,000 each. A reception will immediately follow the competition from 5:30 p.m. to 7 p.m.

The top six contenders were selected from a submission of 31 applications. The top 15 semi-finalists were vetted jointly by The Launch Place and First Flight Ventures staff.  Six contestants will be selected by The Launch Place's Seed Fund Advisory Board in early May.

The Launch Place's Seed Fund Advisory Board is comprised of individuals who are extensively experienced in technology assessment, commercialization and early-stage investment.

"There is no fee to attend the competition. Spectators are welcome," said Eva Doss, President & CEO of The Launch Place.

"The top 15 contenders had exceptional business ideas, so we are anticipating the top six presenters on the day of the event to share exciting and innovative technology," said Doss.  "We are looking at a range of ideas encompassing software, clean/green technology, medical devices and other compelling ideas."

For anyone wanting to attend the competition as a spectator, we would recommend a reservation. You can make a reservation by contacting The Launch Place, at 434-799-5491 or info@thelaunchplace.org.

As a 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.

First Flight Venture Center is the original and largest RTP technology incubator averaging 37 tenants on an annual basis. First Flight is one of the nation's largest and most stable incubators and has played host to more than 276 companies since its inception.

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