Entrepreneurship is the foundation for the success of any nation and its economy. It is always better to promote new start-ups. These can provide investment opportunities to young and dynamic entrepreneurs. Columbia River Economic Development Council declared that it will launch a program for the entrepreneurs, to provide exposure for their business growth. This can help the new start-ups in achieving the targets and success efficiently.
CREDC President Jennifer Baker said, “Investing in the local entrepreneurial ecosystem is energizing”. In short, it is a great opportunity for entrepreneurs to learn and explore the smart skills and techniques to operate the business effectively. This program is funded by the Colombian government. The purpose of this launch is to provide information and knowledge to small business owners. The key areas are funding or financing of the business, sales strategies, human resource management and the strategies to operate the people, finances and legal formalities of the business.
What is the CREDC Pilot Business Accelerator Programme?
The Columbia River Economic Development Council (CREDC), is the leading economic development organization for Clark Nation. The corporation is working to boost the region's economic vitality through innovations and business growth. It aims to promote and develop a strong, technical and innovative business environment across Clark country. The organization has collaborated with 150 private and public sector dynamic entrepreneurs.
Columbia River Economic Development has launched a business accelerator program for entrepreneurs who have been facing crucial times in their businesses. There is a lot that takes the business to the pinnacle. So an entrepreneur needs to learn the best startup tools for establishing a new venture. In the CREDC business accelerator scheme, the expert entrepreneur can collaborate with the local and new start-ups of Columbia. In 2021, the CREDC applied for the business accelerator grant from small business administration. They received $ 50,000 and funneled these funds into launching the program. CREDC programme is to assist the Southwest Washington entrepreneurs in converting their dream of business into reality.
The organization has decided to encourage the start-ups who have ideas, software, product and are from Southwest Washington. The preference is to be given to the small enterprises and R&D entrepreneurs, who have high tech, life sciences and technical backgrounds. Besides this women and minority entrepreneurs are also on the priority list. The focus is on the startups that have technologies to address supply chain issues, clean energy, and resilience.
Who can apply for this?
The CREDC program is to promote new start-ups. As the business activities are liable for the economic development. Every nation’s success is determined by its financial and economic activities. In this process, there is a great role of the incubation centers. In Today’s era, many nations are providing funds and financial assistance to innovative start-ups ideas. As the economic and commercial activities can provide financial growth to the nation. This helps in increasing the GDP of the nation too. In this process, CREDC has launched a business accelerator program to assist entrepreneurs of the South West. This will help the business owners to learn the tactics to avoid the hidden cost of a new start-up. The list of preferred participants’ profiles is as followed:
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Incubators, Small entrepreneurs and Accelerators.
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STEM and R&D entrepreneurs who are from the areas of advanced technical tools, manufacturing, clean-tech, high and life sciences.
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New and small entrepreneurs and Women.
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The Trade sectors are selling the products and services outside the Clark nations, as this brings new money into the country.
Thus the program is for entrepreneurs who have ideas but no direction.
Essentials for applying in the Programme
The Columbian council is inviting applications from the people who are having revenues of less than $ 1 million. To apply for this you can visit the page www.credc.org/business-accelerator-program. The cost for joining this program is $ 500 per entrepreneur with the possible scholarships. The participants have to apply with the assignments, worksheets, readings, goal settings and other tasks of accountability.
The CREDC business accelerator program is a pool of experienced business coaches. This program is for entrepreneurs who are having a focus to add growth and new knowledge to their business networks. This pilot business accelerator program provides learning sessions to new entrepreneurs and ventures. The program has the vision to add innovation in the entrepreneurship sector in present and beyond 2023.
This business accelerator program is the key to the immense growth of start-ups. Thus the entrepreneurs, who have to learn how to grow a start-up quickly, can join the program. It is often seen that there are many young and dynamic entrepreneurs but in absence of a perfect guideline, they drop their business ideas. Therefore the CREDC has launched the business accelerator program so that these new venture ideas can be moulded into reality.
How is the Programme to be implemented?
The participants of the program will be divided into a squad of 10 to 12 people. These cohorts will be paired with the coaches to provide insight into prime business topics. These include human resources, financial literacy, economic overview, strategies of sales and marketing, success visioning and more. One-on-one mentoring is a prominent part of the program. With this, the participants have to complete the worksheets and assignments before and after the sessions of meetings.
Conclusion
Globalization, liberalization and privatization have brought the whole world on a single screen. In the current scenario, every nation is promoting economic activities. To start a business and even cross-border trade is a simple task today. The entrepreneurs have the potential to lead the nation ahead. CREDC has launched the business accelerator program for the welfare of entrepreneurs. The organization has the goal to resolve all the technical as well as managerial issues of these entrepreneurs. “To start a business is easy but to lead it towards the height of success is a bit of a complex task.” The CREDC program has made it simple for entrepreneurs who have the vision to establish their ventures. So it is a journey of the business owners to get guidance in attaining successful entrepreneurial goals.
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