By Kari Jolly, Tax Associate | Not-for-Profit Team
According to an article published by Richmond BizSense, entrepreneurs Pat Hull and Jeff Palumbo recently launched a new startup incubator to focus exclusively on Richmond area Not-For-Profit (“NFP”) organizations. Through NPO Launchpad, Hull and Palumbo seek to help developing NFP leaders navigate their unique business needs by connecting them with experienced NFP mentors. Richmond is already home to StartUp VA and similar ventures that provide mentorship to emerging for-profit business leaders. NPO Launchpad will be the first of its kind to cater to NFPs.
“An Incubator for the nonprofit set” Excerpt:
NPO Launchpad will offer an inaugural class of three nonprofits access to mentors from different industries for three months, as well as receiving a year of shared office space in the Richmond area at no cost. The location of that office is to be determined.
It is currently accepting applicants and the three will be chosen by Aug. 1.
Applying nonprofits must already be in business, must be a registered 501(c)(3) nonprofit, must be based in the metro Richmond area and must have less than $100,000 in annual revenue.
The deadline to apply is July 15, when Hull, Palumbo and NPO Launchpad’s group of mentors will begin reviewing each application and choose three.
The program will start Sept. 1 and run through Dec. 1, when a debriefing party will be held to see what worked, what didn’t work and what can be improved.
Keiter has enjoyed the opportunity to partner with StartUp Virginia in their mission to support RVA’s rising for-profit companies. We are excited to see that a similar opportunity for RVA’s up and coming nonprofit organizations is being offered through NPO Launchpad.
Additional Not-For-Profit Resources:
The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.