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