Carolins’s Launch Pad 2010 allows Altometrics Inc to take-off

Business, whether small or big, can flourish when it gets boosted with funds. An idea for business can only be realized with funds. I don’t men to say that money is all, but money is surely something that young entrepreneurs with innovative business ideas require. An innovative idea is the foremost requirement when one wishes to earn money from business. And to make the blue print of an idea turn into a real business, funds are the only option. This is exactly what is done by Carolina Launch Pad every year.

Carolina Launch Pad is a business accelerator for IT firms, and organizes workshops every year. The participants of these workshops are start-up companies of IT industry. At these workshops, the startup IT companies are given opportunity to discuss thoroughly about their business ideas with Carolina’s IT and business communities. Launch Pad is actually a joint effort of UNC’s Kenan-Flagler School of Business, RENCI (Renaissance Computing Institute) and Office of Technology Development (OTD). The experts of RENCI, OTD and Kenan Flagler School of Business assist the young entrepreneurs to realize their big dreams.

The recent company that received a financial boost through Carolina Launch Pad 2010 is Altometrics Inc. The young entrepreneurs of this company have received a Small Business Innovation Research (SBIR) grant of $150,000. The entrepreneurs Terrell and Burbridge are going develop IT products that will speed up the speed of internet to a large extent. The IT tool that Altometrics is planning to develop will bring revolution in the market as companies can effectively manage their web-based applications. The grant received by them will enable both of them to focus on their business in a full-time basis and they can hire professionals as well.

Such financial backup are necessary to give these budding companies a chance to excel. These companies have high prospects and thus spurring them can eventually make massive corporate houses, which in turn can change the picture of global economy. Hence, financial assistance to young and innovative entrepreneurs is not jus a corporate social responsibility; it is rather an investment for a better future.