Consider an Enterprise Lab as a Way to Successfully Start Up

July 27, 2010 by Frank Goley, Business Consultant

There are a multitude of ways to obtain the funds, networking and mentorship start ups need to really get their business off the ground. There are Enterprise Labs which will not just incubate but really have the tools, relationships, mentors, experts and funding to help you successfully model, fund and start up your business.

An example of one of these Enterprise Labs is the Kauffman Labs, which picks up to 20 founding groups per sector to go through their 6 month program to successfully start up. They provide the necessary education, tools, experts, mentorship, relationships, business modeling and the such for founding members of a start up to successfully obtain venture capital and come to market. And you don’t have to have a pedigree education to apply!

The competition is stiff but the process of competing is a great exercise for any start up, whether or not you are selected for the program. You gain so much experience and knowledge in the process of applying and competing, that it is highly advantageous. It gives you a great idea where you stand as a viable start up looking for VC.

Kauffman provides a plethora of resources for entrepreneurs, including Entrepreneurship.org, Kauffman FastTrac and the Urban Entrepreneur Partnership. Take advantage of these programs and resources from Kauffman and other foundations!

Video Resource: Kauffman Labs

Posted in Business Finance.

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- “Frank, thank you for a very good program and presentation. The Evansville Executive Forum enjoyed your talk, and it provoked a lot of conversation about their use or none use of business plans. Again, thank you. -- Jack Barner, University of Evansville, Vice President for Institutional Advancement [more testimonials]
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