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[qi:115] LaunchBox Digital, an early-stage investment firm founded by three tech industry veterans and with an initial focus on web and mobile businesses, is due to be unveiled Thursday, we’ve learned. The Washington, D.C.-based company will provide between six and 10 entrepreneurs seed investment and help in incorporation through an intensive, 12-week program, during which time they’ll be able to draw on the advice and experiences of the firm’s founders and advisors as they develop a prototype or demo and craft their business plans.
At the end of the program, known as LaunchBox08, the entrepreneurs will be given an opportunity to present their businesses to VCs and other investors, strategic partners and others.
The founders of LaunchBox Digital are Julius Genachowski, formerly chief of business ops at IAC/InterActive (IACI); Sean Greene, founder and ex-CEO of The Away Network; and John McKinley, who served as president of digital services and CTO of AOL (TWX).
The company will begin accepting applications for LaunchBox08 immediately. LaunchBox Digital will also accept proposals from early-stage business for immediate seed or angel investment.