Investing in New Hampshire Companies: An Introduction to Launch New Hampshire Initiative
New Hampshire is known for its thriving business landscape, and now there is a new initiative that aims to invest in the state’s early-stage companies. Launch New Hampshire is a partnership between New Hampshire real estate developers Michael Szymczak and his son Jamie Szymczak, and a Houston, Texas venture fund called Soft Venture Fund. The goal of Launch New Hampshire is to develop an innovation ecosystem in the state by providing funding, services, and guidance to early-stage startups.
The Partnership: How a New Hampshire Dog Collar Company Sparked the Idea
The idea for Launch New Hampshire began when the Szymczaks invested in a New Hampshire-based smart dog collar company called Wags. As the investment progressed, they saw an opportunity to support more startups in the state. The success of their initial investment inspired them to create Launch New Hampshire as a platform to fund and accelerate the growth of innovative companies in the region.
The Process: How Launch New Hampshire Helps Early Stage Startups
Launch New Hampshire offers a three-plus-month accelerator program for early-stage startups. The program provides funding, services, and guidance to startups through Soft Venture Fund, a software development company with a studio and fund. Startups are directed to apply for the program, and if accepted, they receive support from Soft Venture Fund as well as a convertible note of $125,000. The program aims to help startups grow and prepare them for future investment opportunities.
Seeking Tech-Based Companies: Criteria for Investment from Launch New Hampshire
Launch New Hampshire primarily focuses on investing in tech-based, scalable, and investable companies. They are looking for startups that have the potential for rapid growth and can provide a return on investment. While they primarily target tech companies, they are open to exploring other sectors as well.
Expanding to New England: Launch New Hampshire’s Plans for Regional Growth
Launch New Hampshire is not just limited to New Hampshire but also aims to invest in companies throughout New England. They held a pitch event in October where they received applications from various New England-based startups. While they are still in the early stages of investment, they hope to support and fund more startups in the region.
In conclusion, Launch New Hampshire is an initiative that aims to invest in early-stage companies in New Hampshire and across New England. Led by the Szymczak family and in partnership with Soft Venture Fund, they provide funding, services, and guidance to startups through their accelerator program. By focusing on tech-based, scalable companies, Launch New Hampshire hopes to contribute to the growth of the innovation ecosystem in the region.
Analyst comment
Positive news. Launch New Hampshire aims to invest in early-stage companies by providing funding, services, and guidance. Their focus on tech-based, scalable companies contributes to the growth of the innovation ecosystem. Expect increased support for startups and potential regional growth in New England.
