Green Launching Pad

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The Green Launching Pad is a public-private collaborative program developed between the University of New Hampshire and the New Hampshire Office of Energy and Planning and funded by the United States Department of Energy under the American Recovery and Reinvestment Act of 2009. There are numerous goals of the initiative associated with entrepreneurial venture acceleration for individuals and businesses operating in New Hampshire to reduce environmental degradation and improve economic outlook through the creation of novel, purposeful businesses which will offer employment opportunities as they grow. The program also considers the State Energy Program and the NH Climate Action Plan in choosing which companies to endorse. From February 2010 until August 2012, the program has held three competitive rounds where entrepreneurs from around the state vied for capital rewards up to $90,000 as well as access to professional business consultants and other, community-related forms of support. [1]

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The idea was conceived and made reality through the minds of two University of New Hampshire business professors, local businessmen, and key figures from the State of New Hampshire, including Governor John Lynch. As of August 2012, the program has helped with the establishment and development of 14 companies while providing educational and networking opportunities that have impacted more than 450 event and seminar attendees. [2] [3] In addition to these direct successes, the program provided invaluable internship opportunities for students of various backgrounds at the University of New Hampshire; employing more than ten different students in two years.

GLP 1.0, 2.0, and 2.5

Green Launching Pad has sent out three rounds of Requests for Proposals in about two and a half years (as of August 2012). The organization has referred to these competitive rounds as GLP 1.0, 2.0, and 2.5. There will likely be further rounds of funding for environmentally conscious entrepreneurs in coming years, as the program manager looks for alternative capital pools. [3]

GLP 1.0

GLP 1.0 was the first competition which led to the Green Launching Pad selecting five companies out of more than 70 to receive funding and support. The GLP 1.0 companies are:

GLP 2.0

The second run of the program, GLP 2.0, occurred in April 2011 and featured NH Governor John Lynch, U.S. Secretary of Energy Steven Chu, and University of New Hampshire President Mark Huddleston. There were six companies that received GLP support out of 50 applicants:

GLP 2.5

The theme of GLP 2.5 was Green Manufacturing which focuses on innovative operational methodologies in product development to reduce environmental impact through such functions. There were three companies selected out of six finalists and numerous applicants:

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References

  1. ↑ Kellar, Andrew. "Green Launching Pad". Green Launching Pad. Archived from the original on 2010-02-08. Retrieved 2012-08-27.
  2. ↑ McCord, Michael (2010-08-30). "Green Launching Pad having an impact". Seacoast Online. Archived from the original on 2016-03-04. Retrieved 2012-08-30.
  3. 1 2 McCord, Michael (2012-05-04). "As federal dollars dry up, Green Launching Pad looks to reinvent itself". New Hampshire Business Review. Archived from the original on 2012-07-15. Retrieved 2012-09-01.
  4. ↑ Manning, Colin (2011-04-28). "Gov. Lynch, U.S. Energy Secretary Chu, UNH President Huddleston Announce Companies Chosen for Green Launching Pad". UNH Media Relations. Retrieved 2012-08-30.
  5. ↑ "GLP 2.5 Companies". Green Launching Pad Website. Buddy Press. Archived from the original on 2012-09-22. Retrieved 2012-08-30.
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