New York, NY (February 22, 2008) – TechCrunch is reporting that LaunchBoxDigital, a Washington, D.C.-based startup incubator (that is, they help other start-ups get their financial shit together) has completed it’s seed round of funding and is ready to take applications.  From Michael Arrington:

…”LaunchBoxDigital says they’ll invest $15,000 - $30,000 in six to ten startups, in exchange for 4% to 8% of the equity. Founding teams must spend the summer in Washington D.C. to participate in a twelve week incubation program. Applications must be received by March 14, 2008.

The model is based on the much emulated Y Combinator, which has now funded dozens of startups. London based SeedCamp and Colorado based TechStars have nearly identical business models.”

So if you have a great idea and need some capital to get started, this would be the time to get your proposal together (How To Write a Winning Business Plan) and send it off.  Get some…

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