Launch Academy announces $120,000 to expand LaunchPad program

The funding comes via grants that will open the program to more entrepreneurs.

Launch Academy announced today $120,000 in grants to supplement their LaunchPad program. The program is in place to support entrepreneurs who are running newly launched ventures. 

Details: As Launch Academy continues to refine and update their offerings, this program points the focus to entrepreneurs who are post-launch. 

“Our LaunchPad program already supports entrepreneurs who are former Apple, Facebook, Google, and Cisco engineers as well as former VCs now turned entrepreneurs that have built award-winning products. We are excited to open up applications to the program to more entrepreneurs,” Launch Academy CEO Ray Walia told Vancouver Tech Journal in an email. 

In addition to experience working with high calibre entrepreneurs, Launch Academy has navigated, in stride, the rhythms of supporting entrepreneurs during a pandemic. “Launch has adapted itself as a completely virtual incubation program offering hybrid content to connect entrepreneurs to community leaders, experts and mentors with a customized approach to meet individual goals,” Walia continued. 

Even though LaunchPad was only in beta during the last year, over 17 startups participated—ranging from Pre-seed to Series A stage. 

Why it matters: As uncertain as our world was during COVID-19, the post-pandemic future is no more certain. Behind the discourse of “let’s get back to normal” lies an upheaval of normalcy that won’t be a quick adjustment. Everyone will have to adjust to a new normal. Organizations such as Launch Academy are positioning themselves to ensure entrepreneurs are prepared for this new normal, too.

The bigger picture: Today’s announcement from Launch Academy comes roughly one week after they announced funding for their Launch Your Startup program. Launch Academy expanded the program with $100,000 in scholarships for up to 300 entrepreneurs who, as a result of the pandemic, have seen their hours reduced or lost their jobs entirely. Launch Academy continues to show why they’re a leader in Vancouver’s tech community. 

The bottom line: “As the world looks to entrepreneurs to lead us through economic recovery, now more than ever, entrepreneurs need environments where they can connect with fellow entrepreneurs, mentors, and investors,” Walia highlighted.