Accelerate Acadiana: A Louisiana-based Grant is Dumping $700,000 Into Funding the Expansion of Local and National Businesses!
In sales, as well as most business professions, it's always advised to keep your finger on the pulse of the opportunities available around you. Well, this opportunity extends unto businesses throughout the Acadiana region and even to businesses nation-wide! Through a $700,000 federal grant initiative, UL Lafayette, the community Foundation of Acadiana’s INNOV8, and LEDA's Opportunity Machine (OM) are launching a business accelerator program, this fall.
What's a business accelerator program?
There seems to be a lot of confusion surrounding the differences between a business incubator and a business accelerator. Think of it this way, if a business were a baby then an incubator would nurture and support that baby until it reached adolescence. Once the business reaches this stage in its life; a different type of support is needed. This is when an accelerator program comes into play. An accelerator provides adolescent businesses with funding opportunities, educational resources and the like to help a walking business... run! For more on the difference between these two types of programs, check out Fernando Sepulveda's article in Inc. Magazine.
OK... so how do I know if my business (or a friend's) is right for this accelerator?
The initial application is wide open to businesses throughout nation. Basically, if you are "in business" then you may really benefit from the Accelerate Acadiana program. For those businesses accepted into the program, it is required that the entrepreneurial team temporarily relocates to Lafayette; therefore you Acadiana-based businesses have an edge!
And where do I sign up?
Click Here to find out a little more about the opportunity. Applications are due by July 23rd so sign up, today! Below is an info-graphic outlining the various steps of the Accelerate Acadiana accelerator program.
Reece Theriot, MBA
“We were put on this Earth to love; by loving, we serve others; by serving others, we create value; by creating value, we form successful ventures; by forming successful ventures we contribute to the advancement of Creation which pleases the Creator.”