WWBIC Welcomes Diversity Driven Growth Accelerator to Milwaukee
WWBIC is excited to announce the official launch of cohort one of the new “Diversity Driven Growth Accelerator.” Modeled after the 2018-2019 WWBIC WEDC Growth Accelerator, which focused on Racine, Kenosha and Walworth County businesses, the Diversity Driven Growth Accelerator will support and grow businesses owned by minorities, veterans and women in Greater Milwaukee to help create jobs and strengthen neighborhoods.
The Diversity Driven Growth Accelerator will consist of four intensive 11-week business accelerator programs made up of five business teams. During the course of those 11 weeks, teams will develop their business models by engaging in consumer testing: Integrating input from customers, mentors and advisors. At the end of the program, teams will present their pitches to qualify for a minimum of $500.00 seed grant.
“Attending the Growth Accelerator helped us to define our customer, set a business model and decide which way we wanted to go to grow our business. We were guided in developing an amazing pitch! We’re really thankful for everything we learned and for all the people that we met along the way!” – Jacinta and Vicki, WWBIC WEDC Accelerator participants and owners of Cake My Day Bakery in Racine.
The application can be found at bit.ly/wwbicaccelerator. Applications must be received no later than close of business Friday, December 6. The program is open to businesses and/or residents of the Greater Milwaukee area. The accelerator will start the week of January 6, 2020, exact date and time to be determined.
This initiative is made possible through the Wells Fargo Works For Small Business®: Diverse Community Capital program, which offers capital and technical assistance to minority-owned small businesses as a way to create local jobs and strengthen neighborhoods.
Wisconsin Women’s Business Initiative Corp. (WWBIC) is a leading, innovative economic development corporation “Putting Dreams to Work.” WWBIC’s primary focus is on women, people of color and low income individuals, providing direct lending and access to fair and responsible capital, quality business education, one-on-one technical business assistance and education to increase financial capability. Since 1987, WWBIC has lent over $60 million in micro and small business loans with a current loan portfolio of $18 million and nearly 500 active borrowers.