Presentation by:Eva Doss, President and CEO

June 3, 2014

Mission and Objectives

The Launch Place energizes and diversifies our regional economy

through entrepreneurship development and business consulting

services.

The objective is to retain, recruit

and develop emerging entrepreneurs

to locate their business to and live

in the Danville region based on

specific technical and financial incentives

Brief History about The Launch Place

- Established in August 2004 based on industry demand to provide business consulting services to existing and emerging business

- Modeled after the Virginia Tech BTC

- Officially opened on May 17, 2005 in Martinsville as an independent 501 (c)(3) with a 12 member regional BOD

- Opened Danville office in 2008 at the DRBDC

- Received funding from HF, Tobacco Commission, VA state, EDA, DRF, Southside locales, and client fees

- Delivered over 200 in-depth multi-phase business consulting projects and assisted over 400 businesses, non-profits and municipalities

Today: The Launch Place

• SBTC officials realized that the organization needed to rebrand itself to reflect what the organization was doing.

• During this rebranding process, the organization was awarded an unprecedented $10 million grant for five years from DRF.

• The organization increased its capacity to deliver its traditional business consulting services and earned the new capacity to recruit and retain entrepreneurs.

• The Launch Place was born.

The Launch Place Expanded and Enhanced Services

1. Entrepreneurship retention, recruitment and development

2. Seed Fund management

3. Business Consulting

4. Business Mentoring/Training/Coaching

5. Office space and Housing

Office space subsidyUp to $6,000 per year

Residential housing subsidyUp to $5,000 per year

The Launch Place Expanded and Enhanced Services

Seed Fund Eligibility Guidelines:

• Focus industries: IT, software, engineering and electronic related products, bio-materials, medical device, healthcare products and green energy.

• Fill out an application for consideration• Provide a business plan projecting market

position, capital strategy, management team development, risk factors and potential growth analysis

• Adhere to The Launch Place’s due diligence processes

• Willing to relocate to the Danville region for 3 years

• Projected job growth in 3 to 5 years

The Launch Place Fund

- Seed Fund Advisory Board of Experts

- Estimated seal of investment $250,000

- Potential syndication and deal structuring with other Angels

- Financial Mechanisms:

A. Convertible debt – company borrows money from an investor and the

intention of both is to convert the debt to equity at some later date.

B. Straight Equity

- Possible gap-financing based on results

The Launch Place Fund Results as of May 7, 2014

Application Source Total PercentageGust 76 61%Website 37 30%N/A 11 9%Total 124 100%

Current Stage Total Percentage

New 0 0%

Screening 8 6%

Interview Scheduled 0 0%

Reviewed 4 3%

Due Diligence 3 3%

Invested 2 2%

Potential Decline 0 0%

Declined 86 69%

On-Hold 10 8%

Watch-List 11 8%

Total 124 100%

Seed Fund Investments

Closed deal with thee companies

1. KSI Data Sciences • Investment Amount - $150,000 (at closing) + $100,000 (contingent upon

product completion)• http://www.prnewswire.com/news-releases/the-launch-place-commits-25000

0-to-ksi-data-sciences-llc-240073191.html

2. Cirrus Works• Investment Amount - $75,000 (at closing) + $175,000 (contingent upon

raising $100,000 from another source by end of April)• http://www.prnewswire.com/news-releases/the-launch-place-commits-25000

0-to-cirrusworks-to-expand-its-technology-247037681.html

3. Seal Innovation• Investment Amount - $250,000• http://www.thelaunchplace.org/news/details/id/64/seal

The Launch Place Consulting Services

1. Business plan and proposal development

2. Competitor analysis

3. Market research and analysis

4. Financial modeling

5. Industry and cluster analysis

6. Feasibility studies

7. Organizational analysis

8. Mergers and acquisitions

9. Products and service procurement

The Launch Place Mentoring/Training/ Coaching Services

In Partnership with

Plus…

1. IdeaFest – held on February 28, 2014

2. The Big Launch Challenge – May 22, 2014http://thebiglaunch2014.istart.org

3. Entrepreneur Network Event SeriesBusiness PartnershipsJune 19, 2014, 12:00 to 1:30 pm

With these expanded and enhanced services, The Launch Place is part of Danville region’s efforts to create and sustain a hotbed of entrepreneurship activity…

…where connections are made and a network is formed.

Your Network

Entrepreneurship Recruitment

Retention Development

Mentoring Training

Coaching

Space SubsidySeed Fund

Business Consulting

Your Team

Questions?Eva Doss, President and CEO434.799.5491 ▪ edoss@thelaunchplace.org