StartupREED is seeking participants for the winter-spring group of organizations to participate in the program and has secured seed funding to underwrite activities.

The REED Capacity Building Program – Business Opportunity Development helps entrepreneurship support organizations looking to enhance their capabilities to nurture business startups and grow local ecosystems by providing proven processes, materials, training, and mentorship around lean startup methodologies.

The program includes:

  • Working with the organization to identify and qualify an initial cohort of 4 to 6 companies
  • Working with the organization and the companies to create a business proposition of value to the market, create a valid business model for the opportunity, and develop the planning required to fund and execute the new business.
  • Providing the organization with access to the resources of Old Dominion University’s Institute for Innovation & Entrepreneurship, and participation in a growing network of similar organizations dedicated to entrepreneurship and economic growth.

The original program was developed and successfully implemented by ODU-IIE TempO in Southeast Virginia. Over the past four years, it has helped Hampton Roads businesses achieve over $3 million in new annual revenue and raise over $5 million in investment capital.  REED is the virtual rural version of this phenomenally successful TempO program.

Interested in finding out more about this promising opportunity, please contact:

 

For information contact:

Steve Goad, Program Coordinator

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