The Big Launch Challenge

Contest Description
Competition Description: 

Two states, two innovative partners and ONE BIG LAUNCH CHALLENGE!

The Big Launch Challenge 2015 is the second annual venture between The Launch Place and First Flight Venture Center. 

The Launch Place, an established Danville, VA based entrepreneurial development organization, and First Flight Venture Center (FFVC), RTP’s largest technology incubator, are hosting a contest with two awards totaling $20,000 for first place, and up to $10,000 for second.

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 and Research on Tuesday, May 19, 2015 from 1:00 pm to 5:00 pm, followed by a reception from 5:00 pm to 7:00 pm in Danville, VA. During the LIVE event the finalists will have a chance to present their business plans in a 20 minute presentation window to a team of expert judges. The presentations will follow with a 10 minute question and answer block. The final two winners will be announced during the event reception the night of May 19th, 2015.

Finalists will also have an opportunity to pitch either to the Launch Place's Pre-Seed Investment Program, or to the Launch Place Fund after the event. A potential follow-on funding  is available up to $250,000 per company.

Competition Process
Competition Process: 

Applications will be accepted from February 16, 2015 through March 31, 2015 at https://thebiglaunchchallenge.startuplocal.biz

The first round of judging will take place from April 1, 2015 through April 15, 2015, during which process up to 12 semi-finalists will be selected.

The semifinalist will be asked to submit additional information, if necessary from April 16th through April 27th.

The second round of judging will take place from April 28, 2015 through May 13, 2015, during which process up to 6 finalist teams will be selected to pitch their business plans in the LIVE event on May 19, 2015.

The finalist will have a chance to practice their pitches on a practice run planned for May 14 and May 15, 2015. During the LIVE event, planned for May 19, 2015 from 1:00 pm to 5:00 pm, the finalists will have a chance to present their business plans in a 20 minute presentation window to a team of expert judges. Each 20 minute presentation will be followed by a 10 minute question and answer block. The final two winners will be announced during the event reception the night of May 19th, 2015 held from 5:00 pm to 7:00 pm..

Competition Prizes
Prizes: 
Prize Title: 
1st prize
Prize Description: 
up to $20,000
Quantity: 
1
Prize Title: 
2nd prize
Prize Description: 
up to $10,000
Quantity: 
2
Document Downloads
More Information: 
Title: 
Sponsorship Guide
Eligibility Requirements
Eligibility: 
Terms and Conditions
Terms and Conditions: 
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