A Business Accelerator In Northeast W.I.?
Why not here? It gets old hearing that the Midwest is a fly over area between coasts where ’all’ the tech / good ideas come from. If a person is going to do this it needs to be done right. Digital resources and money can and does flow to and from anywhere so why not here?
What is a Business Accelerator? A 21ST Century version of a business incubator where funds (seed money) is directed to a group of technology focused startups. This in return for equity or warrants on equity on each one. In most cases the start-ups are chosen after making it through a filtering process then brought together under one roof where the ‘network
effect’ and mentor-ship can be of great value leading to a demo day. A ‘demo day’ is a scheduled day of the conclusion of the ‘startup class’ as they are referred to where they present their progress and show future potential during the pitch to the original and possible new investors and others for consideration of additional investment at higher valuations.
Why Focus On Start-Ups? “New businesses account for nearly all net new job creation and almost 20 percent of gross job creation, whereas small businesses do not have a significant impact on job growth when age is accounted for.” Taken from Forbes article about Kauffman Foundation info. Link
More news in coming soon.
Interested? 1. Be contacted when we take the next step | 2. Interested in being a mentor to the class of start-ups | 3. Interested in being an investor?
If and when we see enough interest we will consider moving forward and/or leading this effort.
Thanks for your time.
Best regards,
Perry Andropolis
perry.magic@gmail.com
920.256.0644
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