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Springboardbr Accelerator Fall 2012 Tech Startup Firms Announced

FOR IMMEDIATE RELEASE

Media Contacts: Trey Godfrey 225.773.2208 or Derek Fitch 225.572.8715

Capital Regions Venture Fund Formation Announced

BATON ROUGE, LOUISIANA (September 10, 2012)

Springboard Baton Rouge, an entrepreneurial business accelerator downtown, and Vision City Development Group, a real estate development entity, will officially unveil the formation of Capital Regions Venture Partners, a venture capital fund, this Friday, September 14th, at a noon luncheon to be held at the Kress Gallery in the Kress @ Third & Main building.

CRVP is being established with an initial investment from founding members of $5,000,000. The fund has received more than $1,000,000 in founders’ subscriptions prior to this official public announcement. The principal purposes of the fund are to provide initial seed capital to startup and emerging technology and digital media companies and pre-development monies towards game-changing area real estate projects.

“A venture capital fund has always been a key component in the on-going evolution of the SpringboardBR and Vision City strategies,” said John Schneider, managing partner of both entities. “Now that the SpringboardBR accelerator program is a reality and the Kress and Hotel Indigo operations are in successful economic commerce, we are ready to capitalize on the positive goodwill generated and expand our vision on these dual fronts.”

SpringboardBR will also introduce on Friday the group of 4 companies selected to participate in its Fall 2012 Startup Accelerator Program. Vision City will identify several potential real estate projects that are being evaluated as either renovation or new construction possibilities.

The featured speaker for the luncheon, sponsored by BancorpSouth Insurance Services, Inc/Wright & Percy Insurance, will be Jim Digby, managing partner of Rockstart, an Amsterdam, Netherlands-based business accelerator. Rockstart has a 6-month program that culminates in the final three weeks with selected startups travelling to Silicon Valley and visiting with other accelerators, meeting other entrepreneurs, and pitching to investors and venture capitalists.

“Jimmy is now in the San Francisco area for this year’s Rockstart program conclusion,” said Wendy Overton, a leader in the Baton Rouge entrepreneurial community and program coordinator for the event. “He has not only accepted CRVP’s invitation to take a side trip to Baton Rouge for the occasion, but it is our hope that he will also bring the principals of one of Rockstart’s startups, VideoAvatars, to the event to make a presentation.”

Attendance at the event will be limited to 75 attendees. A free buffet lunch will be catered by Stroube’s Restaurant with meal service beginning at 11:30 a.m. and the formal program commencing at noon. For more information and to reserve a seat, please email info@springboardbr.com or contact jschneider@visioncitydg.com.

See Article in the Advocate Newspaper by clicking on the link below

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  http://theadvocate.com/home/3896427-125/vision-city-plans-50-million

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