sba grant tsl 2015
Post on 22-Jan-2018
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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
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 PositiveCompanies
IncubatorNussbaum Center
For-profit coworkingHQ Greensboro
Creative/MakerSpaces The Forge
Capital Ready
Community
Pitch EventsSLAM!
co//ab communityco//ab communityTriad Startup Lab
Paid Interns
ExpertsCoworking
Colleges + Universities
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
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
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 Bakers10 - Internet Tech Geeks06 - Specialized Service Providers 02 - Social Entrepreneurs
**Founder Diversity (MWBE): 52%
Accelerator Model
Little Brown Box Works – Winter 2015
Bow Times—Noah Cameron—Summer 2014
Triad Startup Lab Statistics
All side-bar features are Triad Startup Lab success stories
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 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
Self-Evaluation
MetricsMeasures 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
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