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Community entrepreneurs and startup ventures are encouraged to apply through Jan. 28 for admission to LAUNCH Chapel Hill, a laboratory for entrepreneurs or “venture lab” located at 321 W. Rosemary St.

LAUNCH Chapel Hill is a best-in-class venture lab and co-working space for students and residents of Chapel Hill. The incubator model helps entrepreneurs to develop ventures from early stage efforts into self-sustaining enterprises. This venture is made possible by the collaboration of the Town of Chapel Hill, Orange County, UNC-Chapel Hill and the Chapel Hill Downtown Partnership.

LAUNCH provides the following key benefits:

1.            Practical training events and networking opportunities
2.            Subsidized rent and services for those in need
3.            Mentoring by experienced entrepreneurs
4.            Industry contacts and fundraising assistance

LAUNCH celebrates a culture where its members are surrounded and inspired by other entrepreneurs. The objective is to provide candid and actionable feedback, where true grit and short learn cycle times mix effortlessly.

LAUNCH provides business services, such as marketing, accounting and legal at preferential or pro bono rates. Accepted ventures are paired with business mentors in the community and gain access to valuable contacts in the UNC, Chapel Hill and Orange County relationship economy.

Interested entrepreneurs can obtain an application, skim the LAUNCH Chapel Hill Fact Sheet, visit the venture lab, and learn more about the available resources at www.launchchapelhill.com or by contacting Bobby Funk at the Chapel Hill Downtown Partnership at bobby@downtownchapelhill.com.

Published Jan. 7, 2013.