- Ravi Kumar
Launchpad Joins as Jury of $1 Million Entrepreneur Fund Established for the Avalon Innovation Centre
Updated: Feb 28, 2021
Avalon Park Group Commits Funds to Support Business Growth in Changing Economy
Orlando, FL. (April 2, 2020) – Avalon Park Group announced that they have committed $1 million to an entrepreneurial fund for businesses to open or expand into The 5th Floor at the Avalon Innovation Center in Avalon Park Orlando.
The 5th Floor is a pro-working office space located in the Avalon Innovation Center in the heart of Downtown Avalon Park and is scheduled to open late Summer 2020, as a pro-working space. The concept provides not only a physical space for businesses to work, but also provides local, regional and global connections and resources that aid in business growth and expansion. The flagship The 5th Floor location in Muttenz, Switzerland is located next to one of Europe’s leading bio-tech Universities, “FHNW.” As a leading location for bio-technical growth, it is a natural fit for small and spin off bio-tech companies to expand. One of the most powerful resources The 5th Floor has globally is it’s relationships with the local universities. In Muttenz, FHNW provides relationships and opportunity for growth in the bio-tech industry. The same can be said with The 5th Floor Orlando location and its relationship with the University of Central Florida in the technology, medical and defense industries.
The initial fund of $1,000,000 is to be distributed this summer to 20+ entrepreneurs/companies who want to start a new business, spin off from another business or grow an existing small business. The award amounts will start at $10,000 and will come in the form of cash, but it will also include office space, membership at The 5th Floor in Avalon Park Orlando, being part of a worldwide network, with access to our offices in Muttenz/Basel, Switzerland, Singapore, Sydney, Australia, San Juan, Puerto Rico and more to come. Additionally, you will be connected with a team of experts from CPA’s, to legal advisors, to MBA’s and marketing exerts working around the clock all over the world.
“As a serial entrepreneur, I want to personally help businesses get started,” said Kahli. “I understand that sometimes a good idea is just a good idea until somebody else believes in it too. We started this fund to help find the next big idea and see it come to fruition.”
All industries are encouraged to apply. Along the various stages of the application process a panel of international business leaders will be evaluating and processing submissions.
The process for being considered for one of the Avalon Innovation Center Fund(s) is as follows:
Submit Initial Application Deadline April 17, 2020
Jury Review of Applications April 18-30, 2020
Invitations for formal package submission May 1, 2020
Formal Package Submission Deadline May 15, 2020
Jury Review of Formal Package Submissions May 16- May 31, 2020
Invitation for Live Presentation in front of Jury June 1
Live Jury Presentations June 15-30, 2020
Award Presentation July 17, 2020
“We have formed a team of experts from 4 continents to review and award the funds.” said Kahli. “The jury is comprised of Dr. Christoph Stutz, International Developer based in Basel, Switzerland, CarolAnn Dykes Logue from the University of Central Florida’s Innovation Districts, Andreas Derzsi from Launchpad AG, Ravi Kumar from Launchpad APAC, Kirby Parsonage Director and Investment Fund Manager at Sumner Capital in Sydney, Australia, Marybel Defillo, CFO at Avalon Park Group, Marta Pierluisi representing The 5th Floor in San Juan Puerto Rico and myself,” said Kahli. “This group will be in reviewing all applications and issuing the awards in mid-July.”
E-mail Info@AvalonParkGroup.com to start the application process or get more information on The 5th Floor.