The Launchbox

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West Cornwall's charitable version of Dragon's Den! Giving finance to local self-employed people to expand or launch a new service/product.

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The Launchbox is funded by registered charity the Norda Trust. It aims to give around £30,000 of finance per year to help self-employed people become more successful. This crowdfunder appeal is to help provide a third of this cost, with the Trust providing the remaining tow thirds with its own money.

The Launchbox fund is managed by a Panel of experienced local business people at a (friendly) Dragon’s Den style session.

The aim is to help people who work for themselves in West Cornwall to launch new products/services that will make their business grow and become more resilient. Times are hard for the self-employed here. The Launchbox aims to make a difference, with finance to help people make a success of their chosen small business. 

Run from the Workbox in Penzance, the Launchbox Panel meets three times a year to decide which self-employed and freelance people to support.

It is deliberately targeted at local people who cannot easily access special funding already available and who want to avoid the red-tape and costs associated with applying for special grants or bank loans.

Typically applicants will apply with a basic proposal/business plan and seek support in the range of £1,000 to £5,000. Applicants choose how and when to repay the finance with no interest. Money paid back is then used to help others to benefit. 

After assessing initial applications, the panel asks those selected to come in and pitch for funding. There is same day approval to those who are successful. All those attending are also be offered business advice from the panel and our staff. There is also the potential for us to advise applicants on how they can connect with our partners at crowdfunder.co.uk to seek further investment.

The first Launchbox Panel: Susan Stuart, former director of charity Thrive; Kim Conchie, chief executive of Cornwall Chamber of Commerce; Tim Dwelly, trustee of the Norda Trust and Sir John Banham, former director general of the Confederation of British Industry.

The Launchbox is managed and part-funded by the Norda Trust charity. It has its own standalone bank account. There are no management costs whatsoever: all money goes to the people working for themselves. By crowdfunding we can support more people each year and help the fund become self-sustaining.

Rewards

This project offers rewards in return for your donation

£10 or more

£10 Reward

A thank you for helping support local business initiatives.

£25 or more

£25 Reward

A day's use of The Workbox, Penzance, and free coffees / drinks. The Workbox is a flexible workhub facility for freelancers, home-based businesses, professionals and entrepreneurs.

£50 or more

£50 Reward

Two meetings in the fully-equipped Workbox boardroom with free coffees / drinks.

£100 or more

£100 Reward

A month's membership of The Workbox, Penzance. The Workbox offers desk spaces along with breakout sofa areas, a board level meeting room, fibre speed broadband, free landline calls, excellent coffee, projection screens and a range of reception desk services.

£250 or more

£250 Reward

Hold an event at The Workbox, with use of the full workspace area and projection screens plus unlimited drinks.

£500 or more

£500 Reward

One season (three months) membership of The Workbox, plus use of the boardroom and free coffees / drinks. The Workbox offers desk spaces along with breakout sofa areas, a board level meeting room, fibre speed broadband, free landline calls, excellent coffee, projection screens and a range of reception desk services.

£1,000 or more

£1,000 Reward

The opportunity to become a panel member for The Launchbox and have a say in how we invest the funding. Also free use of The Workbox boardroom and free coffees / drinks.

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