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3 <br /> • $108 million revenues in 2022, $105 million in total revenues in 2021, $69 million in 2020, <br /> and $43 million in 2019 <br /> • Founders' UNC status at time of founding: *Founder data will not sum to total number of <br /> startups due to some startups having multiple founders <br /> o 9 Staff <br /> o 11 Faculty <br /> o 22 Graduate Alum <br /> 0 29 Graduate Students <br /> 0 31 Undergraduate Alumni <br /> 0 51 No Affiliation <br /> 0 53 Undergraduate Students <br /> Additional metrics reported in October 2021 include: <br /> • 94% of businesses remained in business after 1 year; 64% remained in business after 2 <br /> years <br /> • $714,000 in total venture funding was raised in 2020, compared to $940,000 raised in 2019 <br /> • 35 start-up firms participated in the accelerator program in 2020 <br /> o (47% minority-owned, 53% women-owned) <br /> • 12,150 square feet of total leased office space <br /> • $184,500 paid in rent <br /> • $99,000 in annual spending in downtown Chapel Hill <br /> • 88 engaged mentors in 2020 <br /> • 177 Zoom calls and 15 events completed in 2020 <br /> • LAUNCH directly contributed to the University of North Carolina at Chapel Hill being <br /> recognized on November 4, 2015 as ranking among the top five best performing university <br /> business accelerators in North America, based on a 2015 benchmark study by the <br /> incubator consultant firm UBI Global, which is a renowned leader in performance analysis <br /> of business incubators around the world. <br /> History of interlocal agreements between Orange County and the Town of Chapel Hill to <br /> jointly support LAUNCH <br /> Orange County and Town of Chapel Hill have provided joint financial support of the LAUNCH <br /> small business innovation center for the past 10 years via previous Interlocal Agreements, as <br /> follows: <br /> (1) First Interlocal Agreement between the Town and County (31/2 year initial term of <br /> 50/50 co-sharing of lease payments for 4,000 square feet, for the period July 1, 2012 <br /> to December 31, 2015) <br /> • The initial 3'/2 year (42 month) Interlocal Agreement between the County & Town to co- <br /> fund LAUNCH was split 50/50 in a mutual cost sharing. The County paid its portion from <br /> Article 46 funds (1/4 cent sales tax proceeds for economic benefit) dedicated to providing <br /> entrepreneurial support, at a level of $10,000 per quarter for 42 months, or a total cost <br /> to the County of $140,000 over the full 3'/2 year initial term. The Town of Chapel Hill <br /> provided an equal amount of financial support. This first Interlocal Agreement expired <br /> on December 31, 2015. <br /> (2) Second Interlocal Agreement between the Town and County (a 3-year renewal of <br /> financial support, at the same annual cost that was set during the first Interlocal <br /> Agreement) <br />