SOUTHSIDE BUSINESS TECHNOLOGY CENTER INC (DBA THE LAUNCH PLACE)
AI Summary
SOUTHSIDE BUSINESS TECHNOLOGY CENTER INC (DBA THE LAUNCH PLACE) is a Danville, VA- and Research Triangle Park, NC-based venture development organization focused on economic development. The Launch Place invests in innovative start-ups in Virginia and North Carolina with pre-seed and seed funding, and also provides business consulting, training, mentoring, and office space to entrepreneurs; in 2025 it reported an operating budget of $863.5K and total revenue of $899.5K.
Mission Statement
THE LAUNCH PLACE (TLP), A VENTURE DEVELOPMENT ORGANIZATION LOCATED IN DANVILLE, VA AND IN THE RESEARCH TRIANGLE PARK, NC. THE LAUNCH PLACE INVESTS IN INNOVATIVE START-UPS IN VIRGINIA AND NORTH CAROLINA WITH A POTENTIAL TO CREATE ECONOMIC IMPACT IN THE DAN RIVER REGION FROM ITS PRE-SEED AND SEED INVESTMENT FUNDS. IN ADDITION TO THE INVESTMENTS, TLP PROVIDES BUSINESS CONSULTING, TRAINING, MENTORING AND OFFICE SPACE TO ENTREPRENEURS.
Cause Areas
1
Economic development
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Funder
Total Funding
Funding Share
Danville Regional Foundation
Danville, VA, US
$8.8M
16%
NATL CHRISTIAN CHARITABLE FDN INC
Alpharetta, GA, US
$500
< 1%
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- 2 funders
- 24 board & team members
- 11 historic 990s & financials
- 6-year operating budget trend
Frequently Asked Questions
What is SOUTHSIDE BUSINESS TECHNOLOGY CENTER INC (DBA THE LAUNCH PLACE)’s budget?
In 2024, SOUTHSIDE BUSINESS TECHNOLOGY CENTER INC (DBA THE LAUNCH PLACE) reported an annual operating budget of around $934 thousand. More detailed financial information is available to registered users.
What causes does SOUTHSIDE BUSINESS TECHNOLOGY CENTER INC (DBA THE LAUNCH PLACE) support?
SOUTHSIDE BUSINESS TECHNOLOGY CENTER INC (DBA THE LAUNCH PLACE) supports work in Economic development.
Where does SOUTHSIDE BUSINESS TECHNOLOGY CENTER INC (DBA THE LAUNCH PLACE) operate?
SOUTHSIDE BUSINESS TECHNOLOGY CENTER INC (DBA THE LAUNCH PLACE) is headquartered in DANVILLE, VA.
Who funded SOUTHSIDE BUSINESS TECHNOLOGY CENTER INC (DBA THE LAUNCH PLACE) recently?
In 2024, SOUTHSIDE BUSINESS TECHNOLOGY CENTER INC (DBA THE LAUNCH PLACE) received grants from Danville Regional Foundation, Danville Regional Foundation, and Danville Regional Foundation. More information on this organization’s funders is available to registered users.
What is the largest grant SOUTHSIDE BUSINESS TECHNOLOGY CENTER INC (DBA THE LAUNCH PLACE) received in 2024?
The largest grant to SOUTHSIDE BUSINESS TECHNOLOGY CENTER INC (DBA THE LAUNCH PLACE) in 2024 exceeds $1.7 million.