Startup LaunchPad40 Accelerates New Business Countdown
For anyone who understands the drive and motivating factors that once spurred our community to pull together and explore our galaxy, the potential for technically talented individuals to re-invent themselves as business owners should come as no surprise. Through teamwork, resilience and a “sky’s the limit” attitude, anything is possible.
“We have more engineers and technical talent per capita than anywhere else in the nation,” explained Mark Mohler, a local business tax attorney and founder of LaunchPad40, a Brevard-based investment firm offering micro venture capital to local high-tech start-ups. His venture capital company is designed to assist new businesses with, not only the funding needed to take a bright idea to market, but to also guide, mentor and build relationships with new business owners.
The initial step Mohler took was to facilitate a network of like-minded entrepreneurs to meet and share ideas and advice. His group, called Startup Space Coast, meets monthly and consists of about 80 members. His next goal was to establish a physical meeting space where technical talent and businessmen could share ideas and work together. In partnership with a group called “Coders Hackers & Founders,” a workspace called TrepHub, located at 907 East Strawbridge Avenue in downtown Melbourne, was created.
The obvious next step, Mohler said, was to create a financial mechanism to help businesses get from the planning stage to first stage operation – and that’s where LaunchPad40 came in.
LaunchPad40 recently made its first local investment in FracTEL, a cloud communications company founded by Michael Crown and located in Indialantic. Since 2007, FracTEL has provided online “cloud” telephone and communication services at a 60 to 70 percent savings over traditional phone services. “We offer an exclusive 100 percent up-time guarantee,” said Crown. “Companies can also take advantage of additional savings and extended reach by using the cloud connected devices they already own such as PCs, tablets and smartphones.”
The company’s plan allows unlimited minutes without a contract, allows new customers to keep their old phone numbers, provides a secure “encrypted” network, gives 24/7 support, assures 100 percent up-time and offers a wide array of business features.
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FracTEL is a leader in Cloud Communications technology.
Find out how FracTEL can help your business. Call us today at 321-499-1023 or visit us at www.fractel.net.