Following last year's successful launch of the renowned
Kauffman FastTrac TechVenture Program in Southwest Ohio, two Cincinnati area incubators are bringing back the high-tech business development program.
FastTrac is an intensive, hands-on program geared toward scientists, inventors, engineers and IT developers. Through this program, Southwest Ohio innovators who want to commercialize a new technology, or grow an existing tech business, can get the specialized help they need.
"We frequently receive requests from entrepreneurs for help in developing a business plan. In TechVentures, the participants learn from the facilitators, entrepreneurial guest speakers and each other. Feedback from our business plan competition judges, who are investors and professional advisors, indicated all the companies had developed a viable business plan. We decided to offer the program again because it works," says BIOSTART President Carol Frankenstein.
The program is sponsored by the
Hamilton County Business Center (HCBC) and
BIOSTART, a life sciences incubator.
Kauffman FastTrac TechVenture is designed to take businesses from idea through development to commercialization. Among topics that will be covered are: Defining the Target Market, Testing Your Business Concept, Planning for Financial Success and Protecting the Business and Your Intellectual Property.
At the program's end entrepreneurs will have a chance to win one of three early-stage funding prizes of $5,000, $3,000 or $1,000 through a business plan competition.
The upcoming 10-week session starts March 16, from 8:30 a.m. to 11 a.m. every Wednesday at the Hamilton County Business Center in Cincinnati. The program's cost has been slashed from the usual $895 to $399 per person though a State of Ohio Edison Technology Supplemental Grant awarded to HCBC and BIOSTART. There is a further discount for BIOSTART and HCBC clients.
You can submit an application until Friday, March 11,
here.
Source: Carol Frankenstein, BIOSTART
Writer: Feoshia Henderson
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