Launch413 will be hosting the first in a new tri-annual event series, Western New England Demo Day, in downtown Springfield, Mass. on Nov. 12 at 5 p.m. at TechSpring, located at 1350 Main St. The purpose of this event is to bring local startups and investors together to give entrepreneurs greater access to capital and investors more options for local investment. Demo Day provides a friendly and organized environment for startups and investors to meet each other and find new paths to mutual prosperity.
Launch413 Founder Paul Silva compared it to speed dating. “I’m bringing you to the dance. I’m bringing the people you want to dance with, it is up to you to get their number at the end of the night and call them,” Silva said.
In June 2019, Launch413 hosted a pilot Demo Day event at Valley Venture Mentors in Springfield. The event drew the interests of more than 30 local startups and five other investment groups, each of which has brought their support to the new Demo Day event series, including River Valley Investors, Milltown Capitol, Alchemy Fund, Golden Seeds and Maroon Fund.
Launch413 first conceived of Demo Day as a tool to further Launch413’s mission of providing the invaluable guidance of local veteran executives to local startups in need of a path to scalability.