SOUTHSIDE BUSINESS TECHNOLOGY CENTER INC (DBA THE LAUNCH PLACE)
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Southside Business Technology Center Inc, operating as The Launch Place, is a venture development organization based in Danville, VA, and Research Triangle Park, NC. With an operating budget of $934K and total revenue of $2.5M, The Launch Place invests in innovative start-ups in Virginia and North Carolina, aiming to create economic impact in the Dan River region through pre-seed and seed investment funds, along with providing business consulting, training, mentoring, and office space to entrepreneurs. The organization does not rely on a single funder for 50% or more of its revenue.
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
$47.3M
15%
NATL CHRISTIAN CHARITABLE FDN INC
$1.1B
< 1%
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.