Washington, D.C. (PRWEB) March 10, 2009
LaunchBox Digital, a Washington, DC based business accelerator and investment firm, announced today that Acta Wireless has joined the firm as a General Partner and will be a significant investor in LaunchBox09, its summer 2009 business accelerator program. Acta Wireless, headquartered in Washington, DC, is a successful early stage investor and strategic advisor focusing on building business in wireless and telecom convergence sectors.
"We are inspired by the entrepreneurial spirit and its ability to prevail especially in challenging economic times," said Mark McDowell, co-founder and partner at Acta. "Exceptional businesses begin with exceptional entrepreneurs, and LaunchBox Digital has already proven its ability to attract precisely this kind of talent" McDowell will join the LaunchBox team to support its ongoing efforts to select the "class of 2009" entrepreneurs. He will also be an active advisor and mentor to the LaunchBox09 portfolio companies. Acta expects that its deep industry experience, global network and investment track record including Montreal Start-up, a seed stage investment company, will allow it to make a very positive and complementary contribution to the success of LaunchBox Digital.
Sean Greene, LaunchBox Digital co-founder remarked, "The addition of Mark McDowell and Acta Wireless to the LaunchBox team will provide our portfolio companies with expert insight into the world of wireless and telecom, and access to potential partners and customers. We look forward to leveraging Acta's success building new businesses and working with entrepreneurs at the earliest stages of company formation for the benefit of the LaunchBox09 program."
LaunchBox Digital provides entrepreneurs an accelerated path to getting early-stage businesses critical early financial support, as well as advice and practical guidance on how to best bring their ideas to market or enhance traction for products already in the market. Founded by technology industry veterans Sean Greene, John McKinley and Julius Genachowski, and supported by a roster of great advisors who have built successful digital businesses and tens of billions in value, LaunchBox Digital is dedicated to helping entrepreneurs overcome obstacles and succeed.
Applications to LaunchBox09 are being accepted until 11:59 pm EST on Monday, March 16. For more information or to submit an application visit http://www.launchboxdigital.com.
Media contact: Anne Schelle, (443) 857-0200