0. Reverse Pitch FINALISTS 6.14.17 Program Overview Stack
SBA GRANT TSL 2015
1.
2. Business Creation
Identify and accelerate local entrepreneurs toward new
and expanded business creation by providing the
appropriate training, the right expert services, and
matching them together with experienced mentors.
We support our local business development cluster that
includes our incubator, maker-space, and co-working
spaces.
Robomustache – Charles Wade – Winter 2015
Triad Startup Lab Mission
3. We are a Nonprofit
Entrepreneur Support
Organization
We collaborate with our
community partners in our
business development cluster.
We demonstrate sustainable
and measurable impact: Triad
Startup Lab produces positive
outcomes in the form of cash
positive companies that then move
into other resources in the
entrepreneurial ecosystem.
Our City Government provides
funding for paid interns, and we
provide funding to pay for expert
services for the Founders.
What Makes Us Unique?
Cash Positive
Companies
Incubator
Nussbaum Center
For-profit coworking
HQ Greensboro
Creative/MakerSpaces
The Forge
Capital Ready
Community
Pitch Events
SLAM!
co//ab communityco//ab community
Triad Startup Lab
Paid
Interns
Experts
Coworking
Colleges + Universities
4. We believe in fractional staffing due to increased efficiency
of both time and money. Additionally, because
compassion, empathy and emotional intelligence are
essential skills for success in both business and life, all
staff must demonstrate a willingness to experiment with
new ideas and flexibility to adapt to unexpected results
as data for learning and professional growth.
Our team is composed of:
• Serial Entrepreneurs
• Industrial + Graphic Designers and Videographers
• Web Developers
• SEO and Social Media
• Sales Professionals
• Inbound Marketing Experts
• Business Coaches
• Accredited Angel Investors All with startup-savvy chops
Team of Experts
Of Wall Things – Michele Lalumondier– Winter 2015
Our staffing philosophy
5. We are the Piedmont Triad’s only business accelerator
The Piedmont Triad of NC is Greensboro, High Point, and Winston-Salem
and we have an estimated population 600k.
We assist a budding Maker Community in an area suffering from chronic
economic depression, high unemployment, and the lowest wages in the
country* and we have a large and growing population of minorities.
We are rich in a demographic diversity of immigrants and we are very
fortunate collaborate with the small and innovative Elon School of Law
(our next door neighbor) that provides in-kind support in legal clinics and
interns.
Regional Gaps Filled
Create Your City – Ryan Saunders – Winter 2015
*Greensboro MSA clustermapping.us
6. We are not an investment accelerator, and seek no
equity in exchange for our services. We are
supported through community foundation grants.
We have a wide range of startups, and one model does not always
fit everyone.
We seek to fill our accelerator with Founders of diverse industry* and
demographic** backgrounds. Our methods all stem from the same core
process but are tailored to fit the needs of Founders. Some need Lean
Startup coaching, some need branding, some need mentors, some
need sales validation, some need basic business skills while some
need all of the above.
*Accelerated startups 2014-2015 have included:
12 - Manufacturing, Makers and Bakers
10 - Internet Tech Geeks
06 - Specialized Service Providers
02 - Social Entrepreneurs
Accelerator Model
Little Brown Box Works – Winter 2015
7. Bow Times—Noah Cameron—Summer 2014
Triad Startup Lab Statistics
All side-bar features are Triad Startup Lab
success stories
8. We have BIG plans for the money.
HIRE additional fractional staffing to develop fundraising money
and corporate sponsorships, as well as increase minority
outreach, and program marketing.
ADD more expert services to provide founders with creative
design, marketing, product development, and web
resources.
SCALE program reach and community engagement with licensing
and training for costarters.co curriculum.
Award Plan
Chris Padget – Summer 2014
9. 9 week program
3 hours per week
Community Support
Business Model
Customer-centered Validation
Participation Fee
Recommended by Launch TN
2014 activity:
•35 locations nationally
•46 cohorts offered
•655 participants enrolled
•156 community leaders trained
TO DATE:
•Over 2000 graduates
•73% of graduates still in
business after 4 years
•53% female founders
•Minority inclusive
Award Plan
About co.starters
Valeria Elliot – Summer 2014
10. Self-
Evaluation
Metrics
Measures of Success
Type of company
accelerated
Industry diversity among
companies
Minority and
Women’s Business
Enterprises
(MWBE)
At least 50% MWBE
participation
Cash positive
balance position
50% of companies within 6
months
Accelerated
businesses still in
operation
At least 75% after one year
Community
engagement and
partnerships
-Founders attend at least 2
community events monthly
-Program facilitators host at
least 2 community events
monthly
-Yearly attendance > 500
Metrics
Fundraising Goals
Increase corporate
sponsorships
Maintain $100K City Council
funding
Maintain local foundation
funding
In-kind donations: use of
space at co//ab
Outside investment in
participating companies
Rashelle Brooks – Summer 2014
Notas do Editor
What does it mean to create a thriving ecosphere?
For existing accelerators, what are the overall statistics of your start-up life cycle (entities that have grown, become commercially viable, and had a sustained economic impact)? Please provide clear examples of success stories.