LaunchPad uses crowdfunding to raise £5,000

LaunchPad Labs has recently opened up in TechCity to provide subsidised work space, free mentoring and financial guidance to young entrepreneurs.

| 8th Aug 14

LaunchPad Labs, a non-profit, startup incubator based in Tech City, started its 30 day crowdfunding campaign on Indiegogo last Wednesday and has already raised almost a quarter of their goal. With more than £1000 of their £5000 target already achieved, the charity is on course to continue providing valuable assistance to aspiring entrepreneurs.

LaunchPad Labs opened its doors in June 2014 to provide subsidised work space, free mentoring and financial guidance to young entrepreneurs. £3000 will enable it to offer scholarship places to fifteen people, while the additional £2000 will be used to deliver a range of events and workshops for the local startup community. LaunchPad will use any funds raised over and above their target to extend the scholarship program as far as possible.

LaunchPad has organised a range of talks, workshops and competitions for entrepreneurs and people thinking about starting a business planned over the next four weeks to help spread the word, not only about the campaign, but also the charity and how it helps the London startup community.

A variety of perks are being offered as rewards for those who contribute to the campaign. Examples are a London based professional portrait photoshoot and exclusive one-to-one mentoring sessions with Rightmove Founder and LaunchPad Labs mentor, Harry Hill.

When asked about his involvement in the charity, Harry said: “LaunchPad is a very worthwhile cause and something that I am pleased to be a part of. As a mentor here myself, I have seen just how positive an impact it has on those seeking to fulfil their business ambitions. I thoroughly enjoy being able to pass my knowledge onto the next generation of aspiring entrepreneurs and so, when asked if I would like to provide mentoring as part of the crowdfunding perks, I was more than happy to participate.”